>>510661806
This article is stupid. Here is the literal progression:
>The GENIUS Act would create a digital dollar, the “Stablecoin,” which would likely eventually replace all cash
>likely
Off to a great start.
>and would enable governments to freeze the accounts of anyone declared in violation of “lawful” federal or state executive branch regulations, such as the vaccine mandates passed down in 2021 by the US Department of Health and Human Services.
They can already do that and have been able to do that for decades because of electronic systems that all banks have used since the 1980s. This is not something new. And where did the vaccine mandate come from in this discussion? There doesn't seem to be any relevance. It's just focused on there as the author's chosen vector.
>Freezing all money earned or inherited by a person, in practical terms, amounts to the confiscation of all assets without due process.
This implies it could any more be done without a court order in the future than it can now, without an explanation of what would change that requirement.
>Thus not only would have COVID vaccine mandate “refusers” have been devoid of income, upon termination. They also would have been denied access to their savings.
Banks could have frozen vaccine mandate refusers' accounts back then without issue. They just never would because the backlash would have been insane.
As far as I can see, the thrust of the article is
>OMG DRUMPF IS GONNA "LIKELY" REPLACE ALL CASH WITH SOME NEW MEMECOIN
>SO THEY COULD FREEZE ALL UR MONEY AND THEY TOTALLY CAN'T DO THAT WITH YOUR BANK ACCOUNTS NOW
>WHICH MEANS IF WE WENT BACK IN TIME VACCINE MANDATE REFUSERS COULD HAVE HAD THEIR ACCOUNTS FUCKED WITH EVEN THO THAT DIDN'T HAPPEN
Holy retarded take, Batman.
