We are making the big news all the time now: Bitcoin crashes, Saylor says stuff, BTCTCs are dead etc (#1292636, #1292233)
While lawmakers debate how to regulate cryptocurrencies, a far more consequential battle is unfolding over who controls your digital wallet and, with it, your identity. A digital wallet isn’t just a place to hold crypto tokens. It’s any software that verifies identity and links you to financial, social and even government systems.
Don't think she grasps the concept of private keys, really...
Crypto wallets can merge financial, personal and even civic information into a single system. The same technology that verifies your driving licence or health record could also determine whether a payment clears or what data you must share to use a service. This level of integration gives whoever builds the wallet enormous power to set the terms of everyday life.
In isolation yes, it'd give the wallet maker of whatever wallet I'm using A TON of power... ("From an economist’s perspective, market power is a central concern" -- no it's not.)
Given that keys can effortlessly jump between wallets and I can "re-install" my digital identity elsewhere (think Nostr), it gives the wallet maker roughly zero power since, at the first rumour of misuse, I'm gone.
...oh no, IT WAS JUST A RIPPLE SHILL
Fucksake.
Nice summary sentence though:
The real test for Washington is not how it regulates crypto, but whether its oversight of the infrastructure of digital payments will allow Americans to keep control of their freedom online.
PS: I must marry this woman... wonderful last name.
crappy dysfunctional archive: https://archive.is/RXZBU