Crypto lobby faces new Capitol Hill reality

https://www.politico.com/news/2023/07/24/house-senate-crypto-crackdown-00107641

1 3 3 years ago

The US Government should absolutely do nothing to insulate crypto buyers from risk and scams. Crypto investment should be completely unregulated. Regulating it would both legitimize and incentivize crypto as an investment vehicle. Crypto provides no benefit to the world; the effect of investing in it is to create wealth from nothing without providing capital for businesses looking to expand their products or services. The less insulated crypto investors are from risk, the sooner that retail investors learn to ignore it in the same way they ignore lottery tickets and slot machines at the gas station.

ska123• 3 years ago

Insert “Old man yells at the moon” meme here. Let it all out my friend. Introduction of world changing technologies normally has that effect on the uneducated and stuck-in-the-old-ways crowd.

Would address some of your points but they have been addressed and debunked over and over a thousand times by now. Still entertaining to see some people making the same old and tired points tho.

archo• 3 years ago

https://archive.is/J4CN0

Crypto lobby faces new Capitol Hill reality

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