Quoted from flynnibus:Simple - same way they have combatted online gaming. Cripple their (legal) ability to work with credit cards and banks and combat sites. Make it hard to move money to/from US banking and you choke the ability to operate with US customers
Agreed. Congress's power to coin money is exclusive, under Article I, Section 10. I’ve heard people say cryptos aren’t “coined” so that exclusivity doesn’t apply, in my opinion those people have not had enough constitutional law training to see how courts interpret the constitution these days (as a living breathing document that is to be interpreted as broadly as possible to meet the modern age).
I have no idea of the future of cryptos, but the exclusive right to coin currency being within the governments pervue would make me nervous as an investor. Kudoos to those people that are making money investing and/or mining. I’m happy for you guys and hope the good times continue to roll for all of you.