Briefing for State Leaders: Scenario Planning: Programmable Money and the Automated Third Lock with Dennis Kucinich
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Briefing for State Leaders: Scenario Planning
Programmable Money and the Automated Third Lock
with Dennis Kucinich
“What distributed ledger technology … could make possible is both stablecoin and digital token transactions that can be blocked by a built-in third lock that does not involve a financial intermediary. People or transactions could be blocked and assets confiscated at scale by a completely centralized function.”
~ Catherine Austin Fitts
Briefing for State Leaders: Scenario Planning
Solari’s monthly online briefings are designed to support state legislators, other elected officials, and engaged citizens who are working to preserve American freedoms.
The July briefing, “Scenario Planning: Programmable Money and the Automated Third Lock,” took place on Thursday, July 9 from 2:00-4:00 PM Eastern. Former Congressman and presidential candidate Dennis Kucinich joined the discussion.
The briefing:
- Began with a brief overview of programmable money and the concept of the “third lock,” including the difference between manual and automated transaction controls
- Reviewed a scenario planning framework designed to identify and communicate the potential risks and opportunities associated with programmable money
- Discussed the advisability of putting up legislative guardrails on programmable money, irrespective of scenario
- Reviewed legislative proposals, including cash acceptance legislation, protections against programmable money, and the emerging concept of a Right to a Non-Digital Life
- Invited briefing attendees to participate in an interactive working session to help evaluate the four scenarios and identify additional legislative ideas for consideration
A central question is whether legislative guardrails should depend on assumptions about intent. Even if programmable money is developed with beneficial goals, should reasonable safeguards be established before it becomes part of our financial infrastructure? What protections would be prudent regardless of whether the ultimate outcome is positive or negative?
Related at Solari
Slide Deck PDF for July Briefing
Programmable Money: Four Scenarios
Introduction to Wrap Up on Programmable Money (by Catherine Austin Fitts)
Past Briefings on Programmable Money:
A Legislator’s Guide to Programmable Money, Part III with David Liechty and Tobi Maier (April 2026)
A Legislator’s Guide to Programmable Money, Part II with David Liechty (March 2026)
Latest Money & Markets and Ask Catherine
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Thank you for an impressive overview and fascinating discussion. The whole topic is so fast moving that its encouraging that every small action makes a difference.