Just did some quick reading from the wiki, this kind of stands out ( 18 U.S.C. § 486)
Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title [1] or imprisoned not more than five years, or both.
This one seems a little more concerning, as the above seems to be based on physical properties, and this one doesn't seem to have such a limit:
18 U.S.C. § 514
http://www.law.cornell.edu/uscode/text/18/514And reading through the rest of the wiki, the other codes seem to be around fraud and the use of gold/silver as currency. You can find most of the codes violated in this section:
http://en.wikipedia.org/wiki/Liberty_Dollar#Indictment.
I don't think the liberty dollar scenario can be applied to USDe specifically, but it could be applied to any currency that hopes to "undermine" the US dollar and take its place.
Granted I'm not a lawyer, but beyond such concerns as they apply to digital currency, I'm wondering about exchanges running in the US and the laws that might or might not surround them. This particular wiki sticks out:
http://en.wikipedia.org/wiki/Digital_currency_exchanger#Regulatory_issues and these phrases stick out: "operation of an unlicensed money transmitting business"; "on charges of operating an illegal digital currency exchange and money transmittal business";
Granted wiki isn't the best source of info, but it gives you a basic idea, more or less that the US government doesn't like competition. I do hope the Austin exchange knows what they're doing.
1. It'll be interested to see how USA based exchanges fair. Technically Coinbase is an exchange for USD to BTC and is doing fine. AGX is launching in Austin TX, etc. It comes down to local state law regulations at this point and eventually more Federal. At minimum though, all USA based exchanges have to fully comply with anti-money laundering laws, thus is why you have to validate your identity and address on these exchanges (especially to insert/withdraw) money into or from the digital realm where it moves so easily.
2. USDe is in not going to have issue trying to emulate the USDE (dept of education) or undermining the US Dollar. It is and setting up to be a new common currency that carries the "Dollar" type/name, just like 21 other countries do. There is a patriotic theme here associate with it which will continuously be evaluated I'm sure so that the currency well represents "a global" approach
My quick 2 cents at this time of thought...
