[discostu]

They CAN’T control crypto currency operations. That’s part of the POINT. It’s a decentralized concept with no ability to be overseen by anyone. Congress could pass a law but it would have no meaning because there is no one anywhere that could possibly enforce such a law.

[cgbg]

The crypto space has been overrun by scammers at this point.

Good luck—it is a minefield out there.

(pun—lol).

[PeterPrinciple]

They CAN’T control crypto currency operations.

---

There is a question on your tax return about crypto. It is a gotcha question and they are looking to make an example of someone to keep the average person in line.

Bartering is the same way.

But there has always been a black market, beyond the govt. Don’t get caught though.

[Rockingham]

Crypto can be banned or made subject to US banking regulations. It is simply a ledger system posing as a currency and is without legal tender status. The US government could also set up a banking regulation compliant crypto dollar system with legal tender status and then ban bitcoin and all other cryptos that do not meet US banking regulations.

[catnipman]

“It’s a decentralized concept with no ability to be overseen by anyone. Congress could pass a law but it would have no meaning because there is no one anywhere that could possibly enforce such a law.”

ROTFLOL!

like how the U.S. was unable to shut down FTX, unable to put Sam Bankman-Fried in prison, unable to fine Binance five billion dollars, unable to force CZ to resign from Binance, and unable to force CZ to remain in the U.S. until he’s sentenced?

impossible for the U.S. government to take actions like that?

[G Larry]

The SEC can refuse to approve the creation of Crypto ETFs.