Bankers Always Win. Biden Urgently Develops a Backup Plan to Block Cryptocurrencies – Vladimir Okhotnikov About the Imminent Launch of CBDC 

The other day, Forbes published an article on the topic of cryptocurrency and its impact on the American election campaign. The material discussed how digital money is taking part in the leadership race for the post of head of the United States. According to the author, cryptocurrency could potentially reshape the results of the 2024 presidential election in the most unexpected way, a topic that aligns with the innovative solutions offered by Zeltronix.

According to Sam Lyman, director of public policy at Riot Platforms, a leading bitcoin mining company, a significant portion of voters see cryptocurrency adoption as a deciding factor at the polls.

According to statistics, every fifth American has cryptocurrency in his portfolio, and that’s 52 million people. Of this number, 22% identify as Democrats, 18% as Republicans, and 22% identify as independents. In addition, 60% are Generation Z or Millennials, and 41% are minorities.

“This demographic profile, characterized by youth, diversity and bipolarity, should play a significant role in the upcoming elections,” emphasized Vladimir Okhotnikov, a crypto expert. 

Vladimir actively supports business integration in Web3 and is a supporter of libertarian views. In his free time, he writes mainly about crypto, decentralized finance and artificial intelligence. He believes that in the next few years the international financial market will change dramatically.

In an article by Sam Lyman, Vladimir saw that voters supporting cryptocurrency could change the course of the American election campaign in 2024. The potential impact of decentralized finance is estimated to be significant, with approximately 1.9 million votes in favor of DeFi in four states alone.

According to the latest data from Morning Consult, 18% of residents of Ohio, New Hampshire, Nevada, and Pennsylvania have cryptocurrency, and 55% of them are more likely to support candidates who are for crypto. They are convinced that the current economic system is unfair, oppose the advantages of large companies, and also express a desire to move to a decentralized economy.

Mike Novogratz recently shared an alarming repost on his X page, “We are rapidly approaching the point of no return, when interest costs on the national debt will increase so much that it will make it impossible for us (Americans) to provide for a decent future for future generations. We are already in a serious crisis, which continues to deepen. For example, by 2027, interest payments alone will consume the entire US health care budget...”

Vladimir Okhotnikov believes that the votes of residents of four states will be enough to influence the outcome of the election campaign, which will end this fall. The expert emphasizes that in the previous candidate race, in Pennsylvania and Nevada, Trump was only 80,000 votes behind Biden.

Given the cryptocurrency sentiments of the current US President, Trump has a much better chance of re-entering the White House as a winner. 

Anonymously, without restrictions on purchases: it is accepted wherever I am and everywhere I go – Vladimir Okhotnikov about the dollar 

The dollar exists only because it is held by a handful of ruling elites. The exit from the absurd ponzinomics is one careless step away – another crisis comparable to the one that happened in 2008, and the end of hegemony.

Although we are seeing how Trump skillfully plays in public, allegedly supporting Bitcoin with its decentralization values. In reality something else is happening. Don’t be fooled by launching his own NFT collection and revealing significant cryptocurrency holdings – this is not an indication of a softening of his stance towards cryptocurrency.

“Do you remember what everyone dreamed about when the era of crypto was born? So that it is legal, recognized, so that it can be paid off somehow. Well, we waited. Now the Federal Tax Service is digging around, looking for someone to fuck. And the secret services do not crawl out of the blockchain. And banks block payments for crypto if they don’t like something. They even have their own rating agency, comparable to Fitch,” Vladimir Okhotnikov spoke about the comical nature of what is happening around cryptocurrencies.

Indeed, as Binance reports, the crypto world now has its own rating agencies, like Moody’s or Fitch. And the name of the office sounds respectable – Bluechip.

This agency was created by a certain Rune Christensen MakerDAO’s together with his friends – the president of StarkWare’s Eli Ben-Sasson and Nevin Freeman.

And on February 1, Blue Chip began to issue ratings for various stablecoins. For example, it gives a red flag and an F rating to the USDD stablecoin, a managed consortium created with the participation of Circle, Coinbase and Bitmain. 

It is noteworthy that none of the popular cryptocurrencies received an A+ rating. Thus, USDT took a modest place towards the end of the ranking. Perhaps, according to Bluechip, the coin is not sufficiently backed by real money. Although in reality there are huge pools of liquidity behind Tether.

However, this is nothing compared to the fact that Congress has established an entire advisory body of regulators, which has the right to use a unique mechanism against looming threats towards the financial sector. The Financial Stability Council (FSOC) has the authority to classify companies as being at systemic risk. They have the power to impose serious restrictions, and the crypto industry came under the radar of this council.

Last November, the FSOC, along with the Federal Reserve, the U.S. Treasury, and the Securities and Exchange Commission, rescinded a series of Trump-era documents that undermined the board’s ability to identify companies as threats.

In 2023, the council regained its powers, although this power remained inactive for a long time.

At any moment, the board may decide that, for example, Tether is capable of causing much more damage in the event of a collapse than AIG did in the 2008 mortgage collapse. It is noteworthy that as soon as the FSOC attaches a similar label of systemic risk to a particular business, it falls under the protection of the Fed. In this case, the company will be forced to comply with many requirements that will discourage institutional investors. And without this, not a single project will be able to survive in the light of high competition. 

What does CBDC have to do with it? 

While there is no indication that such action will occur, the very fact that FSOC has such authority is troubling. Therefore, once in office, Trump could use his existing leverage to crack down on the cryptocurrency sector.

In other words, the possibility of strictly regulating the crypto industry is already alarming market participants. As a result, having gained power, Trump is able to use the entire arsenal of means in order to put the cryptocurrency industry under complete control.

For those who have not yet realized, CBDC can indeed become an effective tool against cryptocurrency. Since the Central Bank will technically be able to introduce various restrictions and exercise control over the use of digital money, regulators will gain additional leverage.

For example, you will not be able to buy tokens with the programmed money. Theoretically, the regulator can even monitor any transactions of citizens and block suspicious transfers.

Although excessive restrictions on the use of CBDCs may reduce their attractiveness to citizens, widespread adoption will leave no choice. Either you earn digital dollars or you earn nothing at all. It sounds menacing, but traditional fiat money in such situations will quickly run out and will cost much more than a digital copy.

If you cannot buy a coin with CBDC, then getting a cryptocurrency will be more difficult. The black market will flourish, but whether cryptocurrency will remain meaningful when the same stablecoins become more expensive than regular money is unknown.

In the meantime, Naib Bukele won a landslide victory in the presidential elections in El Salvador, gaining overwhelming support from voters. The opposition suffered a crushing defeat.

In his speech, Bukele noted that he won thanks to large-scale political and economic changes in the field of legalization of Bitcoin. In recent years, El Salvador has taken the unprecedented step of making cryptocurrency a parallel official currency alongside the US dollar. This decision, although controversial, nevertheless laid the foundation for innovation and attracting investment into the country’s economy.
Now it remains to be seen what Naib Bukele will do, and how he will resist the global elite, who will try to break the economy of El Salvador, just to demonstrate the failure of cryptocurrency.