According to the article, you can redeem the crypto for gold (or money).
then why not just let us trade in silver and gold?
I don't think there's a law against trading in silver and gold.
I think the problem is that they'd have to buy the gold/silver and start minting coins, then put the coins in circulation. Not necessarily a tough thing, but it's easier to set up the crypto blockchain and then, if you want the physical gold, you can redeem it.
BTW I'm not saying your concerns aren't valid, I'm just offering what I think is the answer to your questions. Personally, I would love for a crypto expert to read through the bill and explain everything and give their thoughts.
no law against trading, but U.S. Citizens became limited in how much they can possess when the fed was created. i believe those limits are still in place.
According to the article, you can redeem the crypto for gold (or money).
I don't think there's a law against trading in silver and gold.
I think the problem is that they'd have to buy the gold/silver and start minting coins, then put the coins in circulation. Not necessarily a tough thing, but it's easier to set up the crypto blockchain and then, if you want the physical gold, you can redeem it.
BTW I'm not saying your concerns aren't valid, I'm just offering what I think is the answer to your questions. Personally, I would love for a crypto expert to read through the bill and explain everything and give their thoughts.
no law against trading, but U.S. Citizens became limited in how much they can possess when the fed was created. i believe those limits are still in place.