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There's (old) precedent for this in the USA[0] but it is hard to imagine for crypto. [0] https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedi
by derivagral 6y ago
There's (old) precedent for this in the USA[0] but it is hard to imagine for crypto.
[0] https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102
- DennisP 6y agoLook at the rationale section. The Fed needed more gold so it could print more dollars. Since today's dollar isn't backed by gold or crypto, the same reasoning wouldn't apply. In fact, if crypto were used more as money in the real economy, banning it would have the reverse effect, shrinking the amount of money in the economy.