Tagged: politics

OpinionAlligator Alcatraz Costs $1M a Day. Hard Money Would Have Stopped It.

DHS is reportedly weighing whether to shut down the Florida Everglades immigration detention facility known informally as Alligator Alcatraz because it costs more than $1 million a day to run. The story will be filed as a fiscal squabble between agencies. The deeper story is what happens when a government can spend without natural constraint, and how a hard money standard would have killed the project before the first contract was signed. Fiat is not the neutral medium people imagine. It is the silent subsidy that funds the indefensible.

PoliticsEl Salvador Quietly Sold. Bhutan Quietly Bought.

The country that made Bitcoin legal tender is quietly winding down its program under IMF pressure. The country that never held a press conference is now sitting on one of the largest sovereign Bitcoin positions in the world. The sovereign adoption story is real. It just isn't where you were looking.

PoliticsCBDC Pilots Are Failing. That's Why They're Speeding Up.

Every major CBDC pilot over the last three years has produced the same result. Voluntary adoption is dismal. User demand is nonexistent. Merchants treat it as a compliance burden. Central banks have noticed. Their response is not to reconsider. Their response is to accelerate toward mandatory adoption before voluntary failure becomes politically untenable.

PoliticsThe Race to Stack Sats: US States Are Building Bitcoin Reserves Before the Federal Government Figures Out What It Owns

While the federal Strategic Bitcoin Reserve sits idle at 328K BTC with no acquisition mandate, Texas, New Hampshire, and Arizona have already passed state-level Bitcoin reserve laws. Ohio, Massachusetts, and South Dakota have bills in committee. The states are moving faster than Washington.

PoliticsCrypto Finally Has a Rulebook: What the SEC-CFTC Joint Guidance Means

The SEC and CFTC issued their first joint guidance classifying 16 cryptocurrencies as digital commodities. Combined with the Senate's CBDC ban, a seismic shift.