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I've often said that the US government can, and will, outlaw crypto if it starts to feel threatened. That's not going to happen. Code and money are speech and
by alwillis 6y ago
I've often said that the US government can, and will, outlaw crypto if it starts to feel threatened.
That's not going to happen. Code and money are speech and bitcoin is both. Outlawing bitcoin would be unconstitutional.
It would be one of the easiest cases the Supreme Court ever had.
It’s treated as property by the IRS and a commodity by the CFTC and exchanges are regulated by the SEC. The US government has already approved it.
- klmadfejno 6y ago> It’s treated as property by the IRS and a commodity by the CFTC and exchanges are regulated by the SEC. The US government has already approved it. There are commodities that have become illegal.