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Is Trump’s Strategic Bitcoin Reserve A Threat To Freedom?

Is Trump’s Strategic Bitcoin Reserve A Threat To Freedom?
The news discusses the implications of Donald Trump's plans to make the United States the world's bitcoin mining capital. Supporters argue that this move reinforces bitcoin's status as a legitimate store of value, but it also risks compromising its original ethos of decentralization and censorship resistance. The Trump administration could use mining dominance to enforce transaction censorship and regulate bitcoin under the guise of national security. The U.S. has a history of extending its financial jurisdiction to combat illicit activities and enforce financial laws internationally. Additionally, the role of stablecoin giant Tether is highlighted, as it inadvertently supports U.S. monetary policy while exacerbating global financial inequalities. The institutionalization of bitcoin threatens its fundamental properties and financial sovereignty. The article calls for systemic reforms to preserve bitcoin's role as a tool for human freedom and suggests that legislative frameworks should not undermine its core principles of decentralization. The world faces a choice between preserving bitcoin as a decentralized network or letting it become a tool of state control.

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