Welcome to the Ghostfi™ Newsletter, where we inform you better than a time-traveling DeLorean! Buckle up for a journey through the crypto-verse, where we'll bring you insights from the past, present, and future. Great Scott!

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Here’s what we have for you today:

• Dystopian World Could Emerge From Government Control of Blockchain via CBDCs, Says Okcoin CEO

• Bitcoin and other cryptos may experience a resurgence as the Fed gears up to resume its money-printing activities.

• A US congressman has taken a stand against CBDCs by introducing a bill aimed at thwarting the Fed’s plans and putting a definitive halt to their progress.

• U.S. House Republicans Make a Push for Crypto Oversight With Bill to Force the SEC to Play Ball

• Crypto Rookies’ Corner

Dystopian World Could Emerge From Government Control of Blockchain via CBDCs

The oh-so-wise chief executive of the ultra-cool San Francisco-based crypto exchange Okcoin has made a groundbreaking discovery! Brace yourselves, people, because apparently, government control of the blockchain via central bank digital currencies (CBDCs) might lead to a ‘drumroll’ dystopian world! 🤯

In a riveting interview with the almighty broadcaster David Lin, the brilliant Hong Fang expresses her undying love for Florida's recent ban on CBDCs. 🚫💔 How could anyone not be head over heels for such a brilliant move?

According to the Okcoin CEO, a CBDC is the government's clever strategy to control the lives of private citizens. Big Bro tries again! It's control on top of control! Once the government gets its grubby hands on it, there's no turning back as they always ruin the party. So, of course, we should all be super cautious and worried. 😱

Let's not forget, my friends, that blockchain promotes transparency. But wait for it... when you mix money into the equation and let the government take the reins, we get the best of both worlds—the evil of two worlds, that is! It's like a double whammy of tyranny! 🤷‍♂️🌐

But fear not, for our savior, Bitcoin (BTC), swoops in to save the day! According to Fang, Bitcoin is all about giving individuals freedom and control. Bless technology for empowering us mere mortals and freeing us from the clutches of corporations. 🙌💸

However, my dear comrades, let's not ignore the harsh reality. If money falls into the hands of control freaks, it's a desperate situation. Just look at those "other" parts of the world (she means every other part) where money is under control. It's practically a utopian paradise! Can't you see the rainbows and unicorns? 🌈 🦄

So, there you have it, folks! The wise words of the Okcoin CEO remind us all to be very wary of government control, embrace the mighty Bitcoin, and revel in the joy of living in this not-quite-yet dystopian world we currently inhabit. 🤔✨

Bitcoin and other cryptos may experience a resurgence as the Fed gears up to resume its money-printing activities.

According to an insightful analyst, Bitcoin (BTC) and the crypto markets are on the brink of a miraculous rise, all thanks to the magnificent resurrection of money printing by the Federal Reserve! 💸🖨️

In a groundbreaking video update, the wise pseudonymous host of InvestAnswers enlightens us with the revelation that global liquidity, aka the amount of money circulating, has always been a flawless indicator of crypto market movements. Who would have guessed? 🤷‍♀️

Apparently, liquidity has taken a slight tumble over the past year, but fear not, my friends, for the trend may do a U-turn and shower Bitcoin with immense blessings! 📉📈 Because, you know, when liquidity goes up, Bitcoin magically follows suit—sometimes with a bit of a delay, just to keep things exciting!

Also, the mesmerizing BitMEX founder and esteemed crypto veteran, Arthur Hayes, has graced us with his wisdom as well. He predicts that the Federal Reserve will gracefully resort to money printing in order to pay interest on reserve balances, thus flooding the system with even more liquidity. How thoughtful of them! 💰🏦

And what happens when those wealthy asset holders receive their interest payments? Oh, it's a sight to behold, my friends! They eagerly rush to purchase risk assets like gold, Bitcoin, AI tech stocks, and who knows what else! It's like a never-ending feast of prosperity! 🍽️💰✨

So, prepare yourselves, my fellow enthusiasts, for this captivating dance of money printing and crypto market surges. Let us embrace this extraordinary era of "wealth" printed by the generous government and lavishly distributed as interest. It's a stimulus program like no other!

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A US congressman has taken a stand against CBDCs by introducing a bill aimed at thwarting the Fed’s plans and putting a definitive halt to their progress.

🏛️ A Congressman from West Virginia's second district, Alex X. Mooney, has graced us with his grandiose presence and introduced a brand new bill. Brace yourselves, folks, because this bill aims to put an end to all the fun experiments the Federal Reserve has been planning with their beloved central bank digital currency (CBDC). How dare they even think about it? 😤💰

In a stunning press release, Congressman Mooney proudly announces the "Digital Dollar Pilot Prevention Act." The sole purpose of this act? To close that pesky loophole that would allow the Federal Reserve to conduct a pilot program testing the feasibility of a CBDC.

And guess what? More than a dozen House Republicans are just dying to hop on the bandwagon and serve as original co-sponsors of this groundbreaking bill. 🎉🐘

According to the mighty Mooney himself, Congress absolutely cannot afford to give an inch when it comes to CBDCs. No way! These digital currencies pose a grave threat to the liberties of law-abiding Americans. And don't even get him started on those authoritarian countries that are already using CBDCs to suppress dissent. The horror! 🚫🗽

That's precisely why closing this pilot program loophole is of utmost importance, folks! We can't let the Federal Reserve bypass the will of Congress. Congressman Mooney is bursting with pride as he introduces this revolutionary legislation to save the day. What a hero! 🦸‍♂️💪

The press release also emphasizes that House Republicans have made it crystal clear: the Fed has absolutely no legal authority to issue a CBDC without Congress's approval. They've got their eyes on privacy concerns and government surveillance, too. Oh, the drama! 😱🔍

And just in case you didn't know, China is already circulating its CBDC in a cute little "pilot" program. But beware my friends, it's all a sinister plot to monitor the transactions of its people and control access to banking for those pesky government dissenters. Very diabolical! So, we must have legislation to make sure the Federal Reserve doesn't pull a sneaky move and issue a CBDC as part of any pilot program. We need to stop it dead in its tracks! 💔🚫💀

U.S. House Republicans Make a Push for Crypto Oversight With Bill to Force the SEC to Play Ball

The esteemed U.S. House Republicans have come to the rescue, proposing a bill to bring some much-needed oversight to the unruly world of cryptocurrencies. Finally, the government will play ball and establish guardrails around this chaotic digital assets sector. We couldn't be more thrilled! 😒💼

Under this groundbreaking proposal from the Republican chairs of the House committees, crypto exchanges will have the privilege of registering with the U.S. Securities and Exchange Commission (SEC). How delightful! Now, these exchanges can conveniently trade digital securities, commodities, and stablecoins all in one place. Efficiency at its finest! 😴💱

This marvelous crypto oversight proposal, supposedly the most significant one this year, checks all the boxes that the digital assets sector has been demanding. However, hold your horses, my friends! The draft bill released by the House Financial Services Commission and Agriculture Committee leaders has yet to attract Democratic support. Oh, the drama! And let's not forget the caveats, including the SEC's ongoing power to decide which assets are securities.

But wait, the burning question of distinguishing between commodities and securities is finally addressed in this "discussion draft." Brace yourselves for the mind-blowing revelation: regulated crypto firms handling tokens or cryptocurrencies can argue that these assets are commodities. They just need to provide detailed explanations of how they function and prove their decentralization by certifying that no one is steering the project or controlling more than 20% of the assets. But hey, the SEC can challenge this claim if it feels like it. What a rollercoaster of excitement! 🎢🙃

Oh, and guess what? An SEC-registered crypto exchange, labeled as an alternative trading system (ATS), will have the privilege of trading stablecoins and commodities as well. How convenient! Now, crypto investors can have all their transactions handled in one place, as long as the platforms also register with the U.S. Commodity Futures Trading Commission (CFTC). Such efficiency! 🏦💱

And let's not forget about our dear CFTC. This bill generously sets up a whole new category of registered business: a digital commodity exchange. How innovative! These exchanges will have to comply with the agency's usual protections and ensure they're not susceptible to market manipulation. The CFTC will also enjoy new authority over the direct trading of crypto commodities. What a time to be alive! 😏💼

Don't you worry, my friends, because the SEC and CFTC have been diligently battling against crypto companies all this time? But fear not, Chair Gary Gensler insists that the existing securities laws are perfectly sufficient. However, this legislation will force his hand and make him modernize the regulations for crypto-specific oversight. Oh, the sacrifices! 😌💼

But hold your applause, folks. This bill, crafted by the great minds of Rep. Patrick McHenry and Rep. Glenn "GT" Thompson, still lacks the necessary input from their Democratic counterparts. It's merely a "discussion draft" meant to initiate a conversation. They hope that the Democrats will come up with their own version so they can find common ground. How heartwarming! 🤝💼

Oh, and let's not forget the other thrilling features of this proposal! Token projects aiming for treatment as commodities will have to go through a certification process with the CFTC, disclosing intricate details about their operations. And while the agencies work on their joint regulations, existing crypto assets will be free from enforcement actions. How merciful! They're granting a safe harbor for firms and investors to keep trading while they wait for the SEC and CFTC to finish setting up the new rules. So consider

💰 Crypto Rookies’ Corner 📈

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. TBTBA