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I think one big reason is that regulators don't want the US to miss out on a large wave of value creation. If Bitcoin becomes a mainstream currency, it could be

I think one big reason is that regulators don't want the US to miss out on a large wave of value creation. If Bitcoin becomes a mainstream currency, it could be a very good thing for the US. If US citizens own a large amount of the BTC in circulation that could lead to more investment in the US economy and a larger tax base. Beyond Bitcoin, if crypto tokens begin to supplant public stocks (which I'm not saying they will), it would be incredibly foolish to cut off US citizens from those markets

alexbeloi 9y ago
>I think one big reason is that regulators don't want the US to miss out on a large wave of value creation. There is no value created, it is just redistributed through rent-seeking. The US might hope that the redistribution goes in its favor if, as you say, more early adopters are in US rather than abroad. The global effect of rent-seeking is that money gets pulled out of productive enterprises and into non-producing assets, lowering GDP. Whether or not the easy access to money laundering channels makes up for the lost GDP or makes it worse, I am curious to see.