Jump to content

Why would the US gov support cryptocurrency?


flesh
 Share

Recommended Posts

1. Another way to increase money supply=achieving inflation goals.

 

Basically this is the crux for me, if govt's begin to criminalize these, there will be problems. I'm trying to understand why governments would support crypto.

Link to comment
Share on other sites

Personally, I don't think the feds really know what to make of cryptocurrencies yet.  It looks like they are watching to see what happens.

 

I'm actually surprised they haven't tried to either ban it outright and/or create their own "FedCoin" which would be "legal tender" on par with the dollar where they would control the blockchain and be able to inflate it at will. 

 

It is too late now however, just like the mass-adoption of the web, it caught them by surprise and they can't really control it.

 

Link to comment
Share on other sites

 

It is too late now however, just like the mass-adoption of the web, it caught them by surprise and they can't really control it.

 

Exactly, it is now up to the early adopters, blockchain companies, and institutional investors with deep pockets to lobby for favorable crypto laws.

Link to comment
Share on other sites

 

It is too late now however, just like the mass-adoption of the web, it caught them by surprise and they can't really control it.

 

Exactly, it is now up to the early adopters, blockchain companies, and institutional investors with deep pockets to lobby for favorable crypto laws.

 

 

If crypto mkt cap was 400 billion or 4 trillion.... with many transactions that are otherwise taxable going untaxed, wouldn't the govt consider this a priority?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...