How ECASH by the US Treasury Benefits Crypto Market?
Governments have undermined financial privacy for decades, but it seems as if officials have increased their efforts as of late. The European Union voted in favor of outlawing anonymous transactions in cryptocurrency, Canada's prime minister chose to freeze the bank accounts of protestors, and the US Congress was considering expanding financial surveillance by the Internal Revenue Service to all bank accounts with $600 of annual activity. And all of that has taken place in just the last six months.
In one such initiative, the US House of Representatives has pushed for a digital dollar, unlike the traditional dollar bill. Representatives Stephen Lynch (D‑MA), Jesús Garcia (D‑IL), Ayanna Pressley (D‑MA), Rashida Tlaib (D‑MI), and Alma Adams (D‑NC) introduced the bill as another option...