lmao we really spent 10 years screaming about CBDCs and government surveillance coins

then we just... built it ourselves? handed the keys to Visa and Tether and slapped a "freedom" sticker on it

the irony is actually insane

new proposed rule: US stablecoin issuers have to KYC everyone like banks. full Bank Secrecy Act treatment. they'll know who you are, what you bought, every wallet move you made

Chris Giancarlo basically said we got the worst possible outcome with the Genius Act — surveillance by both private stablecoin operators AND the government. the word "privacy" doesn't even show up in the bill lol

we spent years roasting China and the ECB for trying to build CBDCs

meanwhile we gave private companies full transparency into everything we do, and they're legally required to hand it all to the feds

stablecoins right now? more dystopian than any CBDC we feared

we didn't dodge the surveillance state, we franchised it

actually incredible how we fumbled this