More than 100 Democrats in the U.S. House of Representatives helped Republicans send what would be the country's first major cryptocurrency law to the desk of President Donald Trump.
1> Because saying ‘No.’ To anything Trump wants shows a spine. Beyond being probably a good idea.
2> The legislation itself seems bad. It gives fictional currency the look of being real. People who can’t afford it will lose money because the game is rigged.
It also establishes, or reinforces previous legislature, that the US Treasury cannot issue any such central bank digital currency. Most of the Democrats in opposition to this are just upset that very little power has been given in actually regulating crypto by this bill. I, however, do not allow perfect to be the enemy of good.
1> Because saying ‘No.’ To anything Trump wants shows a spine. Beyond being probably a good idea. 2> The legislation itself seems bad. It gives fictional currency the look of being real. People who can’t afford it will lose money because the game is rigged.
It also establishes, or reinforces previous legislature, that the US Treasury cannot issue any such central bank digital currency. Most of the Democrats in opposition to this are just upset that very little power has been given in actually regulating crypto by this bill. I, however, do not allow perfect to be the enemy of good.