ECASH Act - Contact Your "Representatives"

[amd]

The problem is what they are not telling you, is never about what they say to promote a bill.

This will end what's left of your "freedom". Taxes come next.

"Heil Klaus Schwab!"

Electronic Currency and Secure Hardware (ECASH) Act

Democrats propose pro-privacy digital dollar

ECASH Act calls for Treasury to develop electronic currency, no blockchain required

www.theregister.com

March 28, 2022

House Democrats on Monday plan to introduce a law bill that calls for the development of an electronic version of the US dollar that has the same legal status and privacy expectations as physical currency.

The bill, titled Electronic Currency and Secure Hardware (ECASH) Act, would direct the US Treasury Department to establish a program to coordinate the development and implementation of e-cash and the technology necessary to support it, such as cryptographic hardware.

Grey said there's a legal difference between account-based money and cash. Account-based money is subject to the third-party doctrine in privacy law, he explained, and since US v. Miller (1976), the rule has been that if you share information with a third-party like a bank, you lose the expectation of privacy.

That's not to say e-cash would be unregulated. The bill requires that e-cash should be "classified and regulated in a manner similar to physical currency for the purposes of anti-money laundering, know-your-customer, counter-terrorism, and transaction reporting laws, and accordingly not subject to the third-party exemption to an otherwise presumptive expectation of privacy."

 

[Lollipop2]

Bumping this thread back to the top. Hoping more see it.

 

[Peatful]

@shanny
Follow this guy (@fico)
He knows his stuff.

 

[shanny]

@shanny
Follow this guy (@fico)
He knows his stuff.

Whoa. He definitely does. Much thanks!

 

[LA]

There are a number of threads on this forum concerning bitcoin, electronic currency (ecash - whatever) issues so please excuse any repeats I may post.
-------------------------------------

RESEARCH & ANALYSIS
Money and Payments: The U.S. Dollar in the Age of Digital Transformation
January 2022
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

The Federal Reserve is exploring the implications of, and options for, issuing a CBDC. For the purpose of this paper, a CBDC is defined as a digital liability of the Federal Reserve that is widely available to the general public. While Americans have long held money predominantly in digital form—for example in bank accounts recorded as computer entries on commercial bank ledgers—a CBDC would differ from existing digital money available to the general public because a CBDC would be a liability of the Federal Reserve, not of a commercial bank.

A CBDC could potentially offer a range of benefits. For example, it could provide households and businesses a convenient, electronic form of central bank money, with the safety and liquidity that would entail; give entrepreneurs a platform on which to create new financial products and services; support faster and cheaper payments (including cross-border payments); and expand consumer access to the financial system.

A CBDC could also pose certain risks and would raise a variety of important policy questions, including how it might affect financial-sector market structure, the cost and availability of credit, the safety and stability of the financial system, and the efficacy of monetary policy.

The introduction of a CBDC would represent a highly significant innovation in American money.
Accordingly, broad consultation with the general public and key stakeholders is essential. This paper is the first step in such a conversation. It describes the economic context for a CBDC, key policy considerations, and the potential risks and benefits of a U.S. CBDC. It also solicits feedback from all interested parties.

The Federal Reserve does not intend to proceed with issuance of a CBDC without clear support from the executive branch and from Congress, ideally in the form of a specific authorizing law.

For the purpose of this paper, “commercial bank” includes all depository institutions.
(- - - - see attached PDF)

 

[LA]

Biden is planning a new digital currency. Here's why you should be very worried
By Justin Haskins, Opinion Contributor — 03/26/22 08:00 AM EDT

The Great Reset: Joe Biden and the Rise of Twenty-First-Century Fascism

The views expressed by contributors are their own and not the view of The Hill
------------------------------------------------------------------------------------
Whenever the White House says it is working on a plan that would transform a vital part of the U.S. economy, and that the administration is doing so with the “highest urgency,” it should go without saying that the press should pay close attention to what’s going on.

Even more importantly, the press should eagerly and comprehensively inform the public of the potential risks associated with such a proposal.

Unfortunately, that’s not happening today, and the effects of the media’s negligence could reverberate for decades to come.

On March 9, the Biden administration released an executive order (EO) instructing a long list of federal agencies to study digital assets and to propose numerous reports about their use and proposals to regulate them. Much of the executive order is focused on cryptocurrencies such as bitcoin and ethereum, which run on blockchain technology and have become increasingly popular among many investors and consumers in recent years.

But there is an even more important part of the EO: President Biden has instructed the federal government and Federal Reserve to lay the groundwork for a potential new U.S. currency, a digital dollar.

If the United States were to adopt a digital currency like the one discussed in Biden’s executive order, it would be one of the most dramatic expansions of federal power ever made, one that could put individuals and businesses in grave danger of losing their social and economic freedoms.

Among other important actions, the White House executive order directs several federal agencies, including the Treasury Department, to study the development of a new central bank digital currency (CBDC) and to produce a report within 180 days of the EO discussing the potential risks and benefits of a digital dollar.

The order further directs the Treasury Department, Office of the Attorney General and Federal Reserve to work together to produce a “legislative proposal” to create a digital currency within 210 days, about seven months.

A digital dollar would not merely be a digital version of the existing U.S. dollar, but rather an entirely new currency that would, at least at first, exist alongside today’s currency. Similar to cash, the CBDC would be used to pay for goods and services and would likely be managed by the Federal Reserve, the central bank of the United States.

Unlike the current dollar, though, a central bank digital currency would not exist in physical form, meaning you wouldn’t be able to go to a bank or ATM and withdraw it.

It is important to understand that the digital dollar would not be similar to cryptocurrencies like bitcoin. Cryptocurrencies operate on blockchain technology, which is decentralized by design. No group or individual can truly control cryptocurrencies once they are launched.

Digital dollars, on the other hand, would be traceable and programmable. The Federal Reserve (or some other designated entity) would have the ability to create more digital dollars whenever it sees fit, and, depending on how the legislation is written setting up the currency, the dollars could be formulated to have various rules and restrictions built into their design.

For example, a digital dollar could be crafted to restrict fossil-fuel use, to give bonuses to people for spending at particular businesses, to enact de facto price controls by disallowing users from spending too much on particular products, or even to redistribute wealth.

In one report about the development of a central bank digital currency published by the Federal Reserve in January, the Fed outlined a few examples of possible “design choices” for a digital dollar, including that “a central bank might limit the amount of CBDC an end user could hold.”

There are many reasons to believe Biden’s plan for a digital dollar involves a design that will give the federal government and/or Federal Reserve control over much of society and the economy.

Biden’s executive order states that the CBDC and other policies governing digital assets must mitigate “climate change and pollution” and promote “financial inclusion and equity.”

In fact, “financial inclusion” is mentioned five times in Biden’s order, and “equity” and “climate change” are mentioned four times each.

Further, in a background call with reporters about the executive order, a “senior administration official” (the name was curiously removed from the White House transcript) promised that in creating a new digital currency, the Biden administration will “continue to partner with all stakeholders — including industry, labor, consumer, and environmental groups, international allies and partners.”

Why would labor unions, industry organizations and environmental groups be involved in the development of a new currency — unless, of course, there is a plan to program that currency to advance various causes special-interest groups care about?

Even more stunning, in a 2021 question-and-answer session about the development of a digital dollar, David Andolfatto, a senior vice president and economist in the St. Louis Fed’s Research Division, was asked whether the Fed could “assure us [the public] that these digital currencies won’t ever be used to tell us when, how or where our money can be spent?”

“In life one can’t give absolute assurances of anything,” Andolfatto responded before suggesting that “the best we can hope for” is for Congress to “respond to the electorate’s concerns” about privacy.

If the Fed has no plan to use a future central bank digital currency to control Americans’ behavior, Andolfatto’s response is incredibly bizarre, to say the least.

It’s clear that the Biden administration and Fed are working together to create a controllable, traceable, programmable digital currency. And if they are successful, life in America might never be the same.

Justin Haskins (Jhaskins @ heartland.org) is the director of the Socialism Research Center at The Heartland Institute and the co-author of the New York Times bestselling book “The Great Reset: Joe Biden and the Rise of Twenty-First Century Fascism.”
[by Glenn Beck and Justin Trask Haskins]

Executive Order on Ensuring Responsible Development of Digital Assets | The White House

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Policy. Advances in digital and distributed ledger technology for financial services have led to dramatic growth in markets for digital...

www.whitehouse.gov

Background Press Call by Senior Administration Officials on the President's New Digital Assets Executive Order | The White House

Via Teleconference (March 8, 2022) 6:21 P.M. EST MODERATOR: Good evening, everyone. Thank you for joining today’s press call to discuss President Biden’s new executive order on ensuring responsible innovation in digital assets. As a reminder, this call will be on background...

www.whitehouse.gov

 

[amd]

The new digital currency will be issued by the Treasury, not the Federal Reserve.

Expect a lot of disinformation (half-truths and bait&switch) to keep people in the dark until is too late.

It will be the same with new taxes, they always say only the "rich" will be taxed, just like the income tax.

Once they got you on E-Cash, the government can easily tax you for "unrealized appreciation", etc.

And we already got war to justify anything the government does.


H.R. 7231, the Electronic Currency and Secure Hardware (ECASH) Act

https://lynch.house.gov/_cache/files/5/0/500162f9-7fce-4981-b9b9-16bf22e10ede/83EE032381B9431A65DE22B213D3A10E.rep.-lynch-ecash-act-fact-sheet.pdf

... the Electronic Currency and Secure Hardware (ECASH) Act directs the Secretary of the Treasury to develop and issue an electronic version of the U.S. Dollar (e-cash) for use by the American public.

PILOT PROGRAM
• Requires Treasury to initiate a two-phase e-cash pilot program within 90 days of enactment – with the deployment of e-cash to the American public expected no later than 48 months after enactment.

 

[LA]

ECASH Act

An Information Hub for the ECASH Act

ecashact.us

The following link shows the ongoing updates:

ECASH Act

An Information Hub for the ECASH Act

ecashact.us

 

[FoodForeal]

If you don't want CBDC, what is your alternative to the failing dollar? You have to have a replacement to show people a better way. People are not just going to say no to using digital currency without something to replace all their worthless USD once hyperinflation kicks in by the end of this year. It's almost over and there is nobody giving a discount for payment in silver to incentivize saving and paying in silver. If you have the ability to demand payment in something actually valuable you must. Do not go gently into that good night. Rage, rage against the dying of the light!

Silver ends the fed. Nothing is beyond our reach.

Emergency preparedness requires emergency currency too. Might as well use real money.

View attachment 35088View attachment 35086View attachment 35087

 

[JamesGatz]

The beginning of financial prison i.e. (if you don't take the future shots, brain chips, etc.) then you can't buy s***

the worst part is I hate having to carry my phone with me and always leave it at home and now I have to

Anyway the US will be burned to the ground by 2030. Every 250 years the elites destroy an empire and unfortunately we are in the crosshairs this time. Mass printing of money, mass immigration, etc. were all part of the plan to kick-off our demise.

 

[FoodForeal]

The beginning of financial prison i.e. (if you don't take the future shots, brain chips, etc.) then you can't buy s***

the worst part is I hate having to carry my phone with me and always leave it at home and now I have to

Anyway the US will be burned to the ground by 2030. Every 250 years the elites destroy an empire and unfortunately we are in the crosshairs this time. Mass printing of money, mass immigration, etc. were all part of the plan to kick-off our demise.

Pluto returned to America on 22/02/2022. Last time it did that was July 4th 1776. Coincidence? Pluto presides over wealth and the underworld. The return of Pluto has been accompanied by upheaval of empires past like the Roman empire.

 

[LA]

The beginning of financial prison i.e. (if you don't take the future shots, brain chips, etc.) then you can't buy s***

the worst part is I hate having to carry my phone with me and always leave it at home and now I have to

Anyway the US will be burned to the ground by 2030. Every 250 years the elites destroy an empire and unfortunately we are in the crosshairs this time. Mass printing of money, mass immigration, etc. were all part of the plan to kick-off our demise.

Tell them you dont have a smart or portable phone. Rebel in your own way. We dont own smart phones and I dont want them.

 

[Lollipop2]

Pluto returned to America on 22/02/2022. Last time it did that was July 4th 1776. Coincidence? Pluto presides over wealth and the underworld. The return of Pluto has been accompanied by upheaval of empires past like the Roman empire.

Interesting. I had read that. I do think this is happening. Today’s resistance carries greater significance then even prior resistances as I think the darkness and slavery the elite have inflicted on the people of this planet is unraveling like it never fully did in the past.


As a side personal note on that day, I resigned my job because the owner was asking me to do something unethical and with legal liability to myself. I mentioned it in a company meeting and he got very angry saying he didn’t care about outside rules (Govt requiring a license/certification/registration), he makes the rules for his business and if we didn’t want to follow them we could leave. I got up and left. When I did, I did not know the significance of this date. Just goes to show the subtle influences affect us even when we are not aware of them.

 

[FoodForeal]

Interesting. I had read that. I do think this is happening. Today’s resistance carries greater significance then even prior resistances as I think the darkness and slavery the elite have inflicted on the people of this planet is unraveling like it never fully did in the past.


As a side personal note on that day, I resigned my job because the owner was asking me to do something unethical and with legal liability to myself. I mentioned it in a company meeting and he got very angry saying he didn’t care about outside rules (Govt requiring a license/certification/registration), he makes the rules for his business and if we didn’t want to follow them we could leave. I got up and left. When I did, I did not know the significance of this date. Just goes to show the subtle influences affect us even when we are not aware of them.

Good for you, interesting that it happened that day.

When I asked "Coincidence?" I was implying that America was intentionally founded on July 4th 1776 so that Pluto would return to the same position on 22/02/2022. This shows that the American revolution was fully planned theater of war. Novus ordo seclorum, new order of the ages. Read this, the prophecy of John of Jersualem, member of the templars, a banking secret society:
View: https://www.scribd.com/document/40111391/The-Prophecy-of-John-of-Jerusalem

The year thousand after year thousand. Whether or not it is authentic (The only books it is known from are dated 1994 and 1998) doesn't matter. We know that this technocracy has been planned for at least since the beginning of America to turn us into wageslave automatons. Soon we will not even be paid wages, we will be given universal basic income of CBDC social credits and they will own everything and rent it to us in exchange for the UBI credits they give us. Complete control, unless something drastically changes.


View: https://www.youtube.com/watch?v=UrEUzKTt7j0


View: https://www.youtube.com/watch?v=lKCgmgPXR9c


View: https://odysee.com/@GarrysMolotow:5/you-vill-eat-ze-bugs:4

 

[Lollipop2]

Good for you, interesting that it happened that day.

When I asked "Coincidence?" I was implying that America was intentionally founded on July 4th 1776 so that Pluto would return to the same position on 22/02/2022. This shows that the American revolution was fully planned theater of war. Novus ordo seclorum, new order of the ages. Read this, the prophecy of John of Jersualem, member of the templars, a banking secret society:
View: https://www.scribd.com/document/40111391/The-Prophecy-of-John-of-Jerusalem

The year thousand after year thousand. Whether or not it is authentic (The only books it is known from are dated 1994 and 1998) doesn't matter. We know that this technocracy has been planned for at least since the beginning of America to turn us into wageslave automatons. Soon we will not even be paid wages, we will be given universal basic income of CBDC social credits and they will own everything and rent it to us in exchange for the UBI credits they give us. Complete control, unless something drastically changes.


View: https://www.youtube.com/watch?v=UrEUzKTt7j0


View: https://www.youtube.com/watch?v=lKCgmgPXR9c


View: https://odysee.com/@GarrysMolotow:5/you-vill-eat-ze-bugs:4

That totally clarifies what you wrote! I didn’t reflect long when I responded and didn’t factor in that even that was a planned event. Of course, it makes total sense. Thank you for the “prophecy file” looks like interesting reading. Your videos are good and I am aware of this increased slavery planned for the people of this planet. As you highlighted, we have been in actual slavery for a long time. Somehow, intuitively - no supporting data yet - I think they will fail this time. Consciousness has grown too much on the planet. Anyway, let’s see.

 

[amd]

Is this part of a plan to attack opponents of the Build Back Better legislation before the elections this year?

Democrats are in a hurry to push legislation before any potential seat flipping in 2022.

Climate activists reportedly arrested outside West Virginia coal plant

Climate protesters temporarily blocked the entrance to a West Virginia power plant on Saturday to protest reported profits that West Virginia Democrat Sen. Joe Manchin earns from its coal production as well has his overall stance on coal energy.

www.foxbusiness.com