“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?
If you talk to crypto believers they will tell you that those were bad crypto actors who got caught but they are giving their money to “good crypto actors”.
“Good crypto actors” are like “good child molesters”.
It is fraud inside fraud inside fraud all the way down...
You do realize that’s just a handful of people who did very illegal things with their crypto and did them stupidly. Meanwhile each one of them represents MILLIONS of others using crypto, sometimes to do illegal stuff, but they’re keeping their profile low, and no government even knows they exist.
Don’t let a couple minor busts, that mostly happen at the border line of turning crypto into dollars, fool you. The government can’t do shit.
You are talking apples and oranges. You equate FTX, exchange, with Bitcoin. That’s like equating ETrade with the dollar.
What Bankman got nailed on was pure theft. That is good.
What about the Billions that JP Morgan was fined for manipulating the commodities market? Why isn’t Jamie Dimon going to prison?