How should the government respond to cryptocurrency?
Oct 22, 2024 | by cs | You've definitely heard about Republicans for crypto, Democrats against it, and other such nonsense, now we're not going to talk about who's for crypto and who's against it, in this article we're going to talk about how the US government should react to cryptocurrency
You've definitely heard about Republicans for crypto, Democrats against it, and other such nonsense, now we're not going to talk about who's for crypto and who's against it, in this article we're going to talk about how the US government should react to cryptocurrency
Why is this article coming out now? Because it is now that politicians start talking about bitcoin, suppose Trump wins the election and starts buying bitcoin (it doesn't matter what for, it can be a purchase as an investment but it doesn't matter, the main thing is that he will do it with US money), Trump not realizing the danger in the race for ratings buys bitcoin for a huge amount, and what? Bitcoin will certainly grow a lot, but what will happen in a month? And what will happen in 2? Whenever the price will definitely fall by 20 or 30 percent, it happens often, you know. So what's the point? Because after this, the U.S. economy is gonna be very shaky
Trump is fully capable of this, ruining the country's economy for ratings is just like him
Okay, we've joked about the problems, now let's learn about what the government should do
The government should understand that they don't need to get involved in decentralized assets, they should tell the sec bastards to stay out of it. If Trump likes crypto then let him buy bitcoins himself, and all so called "enthusiasts" should realize that Trump supports crypto only for ratings. But what should the government do if a platform like silkroad appears? Not interfere with bitcoin and other cryptocurrencies, but just fight this platform
As you can see everything is simple and trivial