Crypto technology offers tools like payment, lending, borrowing, and saving to anyone with an internet connection. Proponents argue that stricter regulations would deter criminal use. Opponents argue that stricter crypto regulation would limit financial opportunities to citizens that are denied access to or can't afford the fees associated with traditional banking.
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@ISIDEWITH1yr1Y
Yes
@9MNT2RC1yr1Y
the more people use crypto currency, the more people that won't have money when it eventually crashes; plus some areas don't allow nor accept the use of cryptocurrency
@D3b4t3Bart10mos10MO
Cryptocurrencies indeed have risks, but traditional financial systems have their own history of crashes and recessions too. Take the 2008 financial crisis, for example, when the housing bubble burst and millions lost their savings. One could argue that cryptocurrencies offer a decentralized alternative that isn't tied to the same systemic risks.
@9TST8QDIndependent10mos10MO
Cryptocurrencies indeed have risks, but traditional financial systems have their own history of crashes and recessions too. Take the 2008 financial crisis, for example, when the housing bubble burst and millions lost their savings. One could argue that cryptocurrencies offer a decentralized alternative that isn't tied to the same systemic risks
@ISIDEWITH1yr1Y
No
@9MNT2RC1yr1Y
the more people use crypto currency, the more people that won't have money when it eventually crashes; plus some areas don't allow nor accept the use of cryptocurrency
@B5KTLXV1mo1MO
I have a 'yes' position. Caveat emptor, but crypto is potentially very useful and should not be held back by bureaucrats
@B2Z93TV5mos5MO
Additionally tokens like XRP or Xlm serve as a non-centralized asset and we can already see governments like japan getting these types of crypto into their economic systems.
@9ZXB4TPRepublican7mos7MO
if people can pay around 90,000$ for one bitcoin then they should be able to keep it till they want to
@ISIDEWITH1yr1Y
Yes, and ban the use of crytocurrencies
@ISIDEWITH10mos10MO
Yes, the government should screen cryptocurrencies before circulation to ensure legitimate value and exchange rates
@B5WFRKV 2wks2W
That destroys the point of it being a decentralized currency lmao basically just makes it a stock only supported by the public.
@B5KTLXV1mo1MO
The government aren't experts and there's no reason to believe their idea of what's 'legitimate' would be worth anything
@B5FRS6C2mos2MO
it shouldnt be a gov that does it and instead a new business that becomes certified in that program as the whole concept of crpyto is non gov controlled
Unless the government has a legitimate reason to intervene stay out of the market. Stocks come with an inherent risk that you know whenever you invest
@9MMCFYH1yr1Y
I don't have enough knowledge to establish an opinion.
No, but the government should screen cryptocurrencies before they circulate to ensure they have legitimate monetary value and an exchange rate
@9PY8Y48 1yr1Y
Yes, but underprivileged citizens deserve the same financial opportunities and services that traditional banks offer the wealthy
@ISIDEWITH10mos10MO
Do you think digital currency can truly replace physical money in our everyday lives, and why?
@9TS4G5R10mos10MO
No, because crypto is easier to steal and changes in value.
@9TS4BH510mos10MO
Yes, because more and more people are getting into it, while less are using physical currency
@9V6V29F9mos9MO
Yes, it helps the issue of over printing causing inflation, and would help with a standard of money being globalized, which is a possible path to getting third-world countries further caught up with more advanced societies.
@9V6TG789mos9MO
No, because cryptocurrencies are too unstable right now and I dont think they ever will be.
Regulation should only be done in the interest of consumer protection against predatory and scam businesses and practices
@9PLLKVF1yr1Y
No, but its markets and supply should be regulated to prevent severe adverse effects on the value of the US dollar as a currency
@Sco12345678Communist 8mos8MO
Yes, and underprivileged citizens deserve the same financial opportunities and services that traditional banks offer the wealthy.
@9TD7JL510mos10MO
The government should regulate crypto exchanges and investments for fraud, but they should not tax cryptocurrency or realize it as an asset.
Yes, but only regarding the use of cryptocurrency for illicit purposes
the government should screen cryptocurrencies before circulation to ensure legitimate value and exchangerates, citizens should be allowed to protect their savings from reckless fiscal policies or subjugation and and underprivileged citizens deserve the same financial opportunities and services that traditional banks offer the wealthy
@9VMPZXY9mos9MO
Yes, and implement common knowledge of crypto in primary schooling
@B4NW59R3mos3MO
I feel like there should be some regulations but i wouldn't say there needs to be a complete control
@B23Q8MV7mos7MO
Yes, and citizens should be allowed to protect their savings from reckless fiscal policies or subjugation.
@9W3FGXC 9mos9MO
No, but ban it from being a compulserary form of currency to protect people's right to economic freedom.
@ISIDEWITH10mos10MO
Should the government have the power to control or regulate money that isn’t their own, like cryptocurrencies?
@ISIDEWITH10mos10MO
How do you feel about people who don’t have access to traditional banks using online money to save and spend?
@ISIDEWITH10mos10MO
If you could invest in a new form of money that wasn't controlled by any government, would you feel safe doing it?
@9TSW3TL10mos10MO
somewhat depending on who controls the company and how well was the currency built during the beginning
@9TSWCDHWomen’s Equality10mos10MO
I would say no cause then it might be really unorganized.
I am unconcerned with the "use" of cryptocurrencies, but very concerned with the strain on the electric grid, economy, and technology market caused by the "mining" of cryptocurrencies.
Crypto currencies enable anonymous crime. Therefore distribution should be make strict through background checks.
@B5XWQFS6 days6D
Yes, regulate them just like securities and prosecute those who commit fraud. Eventually, they'll become useful or stop existing because their only value right now exists in the lack of regulation.
@B5XG9FN1wk1W
Yes, but the main priority is underprivileged citizens deserve the same financial opportunities and services that traditional banks offer the wealthy
@B5W5Y6Q2wks2W
Yes and No. I would like crypto to stay the "wild west" so that no one can centralize power within them. We also need HARSH sentences for fraud. Trump should already be in jail.
@B5VP5MY2wks2W
Yes, cryptocurrency should be treated as a security and should be subject to the oversight of the SEC.
@B5V55R3 2wks2W
I think Crypto plays a strong part in pushing toward a more trade-forward and open style world, but there needs to be more repercussions for bad actors in terms of rug pulls and scams.
Yes but wouldn't the congress people just use it to inside trade more? Idk how true that is but with the way we are living I wouldn't be surprised.
@B5SYGTH3wks3W
We i believe crypto currencies should be checked and validated for legal use, they should not know how much a single person owns in crypto.
@B5SR3NR3wks3W
The state should take control, rather than the government because each state could have their own limits and baselines.
@B5SMS87Libertarian3wks3W
Yes, but only to monitor crypto scams/fraud and ensure that fair trade practices are being enforced.
Only as a way to ensure users are protected, but all decisions should be based on industry expert information
@B5MYD7D1mo1MO
The government needs to adopt laws that govern new innovations, allowing American entrepreneurs to compete globally.
@B5LKFB31mo1MO
cryptocurrency exchanges should be monitored to ensure they are not being used for crimes like human or drug trafficking
@B5LC8F5Libertarian 1mo1MO
The government should develop an actual reserve of crypto currency, and not implement "regulation" on cryptocurrencies.
@B5L77661mo1MO
Cryptocurrencies should be independently assessed for stability, but purchase be ultimately be the decision of the individual.
@B5L3BRS 1mo1MO
Yes, the government should regulate to ensure transparency and protect people from scams or instability—but not ban it outright. People should have access to decentralized financial tools as long as there’s accountability.
I think the government should be able to monitor if they have suspicion of someone doing something illegal use crypto technology
@B5J3SR62mos2MO
Regulations that criminalize pump and dumps but do not interfere with the operational nature of Bitcoin and Ethereum
@B5HQV67Republican2mos2MO
regulations should only be placed in care for protecting consumers from scams or fraudulent actitivties
@B5H9MDV2mos2MO
There should be a more accessible means of regulation as cryptocurrency becomes increasingly popular for illicit transactions. However, a warrant should be used before investigating any transactions/crypto wallets.
@B5H6D5K2mos2MO
No, but there needs to need to be some form of regulations to keep "bad actors" from taking advantage of people.
@B5H25ZPRepublican2mos2MO
I don't think a stricter would be the right word for it but I also believe that implementing some policies to stop the use of crypto being used as a loop hole should be removed
@B5GQTJV2mos2MO
Isn't this like an insurance scenario, you can decide what you want or need, trying to decrease risks of theft or fraud.
@B5GQSL22mos2MO
Cold hard cash made out of hemp would be a more preferable currency than any debit/credit card or crypto currency
@B5FVFYP2mos2MO
no because the entire point of freedom is for people to be able to spend what they want and how they want
@B5F6WBG2mos2MO
Yes, and segregate cryptocurrencies into two groups. One that is widely available to the public because they have been objectively been evaluated to have legitimate value, and one that is only available to accredited investors due to their speculative nature.
@B5DHWRG2mos2MO
I am unsure. I do not like the culture around crypto, but i understand the urge to want something beyond government and bank controlled currency. I think we as a society need to develop beyond currency. I am unsure how we do that.
@B5CHMMJ2mos2MO
No, anyone dumb enough to not do background research on what they're buying deserves the consequences
@B5CF4KN2mos2MO
No, cryptocurrencies exist outside of the government's purview and is not limited by political borders
@B5BN9VG2mos2MO
I think it's people's choices to try crypto currencies, but in causes of scams they are still illegal.
@B594RC92mos2MO
It doesn’t really matter to me I don’t think there’s enough of a use of it for it to really have competition with the standard US dollar
@B56Z2WGIndependent2mos2MO
There should be strict fraud punishments for cryptocurrency based scam artistry, much like stock market manipulation
@B56YP8C2mos2MO
they should regulate crypto more to ensure people don't rugpull or scam and ensure they have a legitimate value
@B565QYV2mos2MO
They should find a middle ground its not fair to harm the people who have less and that should not be allowed, instead they should focus on trying to eliminate the ways that criminals use it.
@B55WGPB2mos2MO
No, but add the exception of security regulations of making sure that anyone who sells tokens of cryptocurrency is not artificially profiting from it.
privately managed cryptocurrencies should be considered a state approved legal tender for all debts public and private.
@B548M322mos2MO
Yes, why should I invest in a money that technically isnt even real and physical and is just a bucnch of 1's ans 0's. Give me more paper money and coins
@B545KYK 2mos2MO
Generally no, but proof-of-work cryptocurrencies should be monitored or more harshly regulated for their environmental expenditures/risk
@B52GDRS2mos2MO
Cryptocurrencies themselves are a scam, and the reasons are very simple:
1. They are not a product spontaneously formed by human society; the creation of virtual currencies is driven by underlying propaganda.
2. There are infinite possible algorithms, each corresponding to a different cryptocurrency, making the very existence of such things absurd.
3. Cryptocurrencies are used in various criminal activities, and ordinary holders of virtual currencies often become victims of these crimes. For example, there are many cases where cryptocurrency exchanges themselves are criminal organizatio… Read more
No, cryptocurrencies with no utility are commodities and there for useless, even with utility it is better for people to learn that dumb investments lead to dumb returns. So, let the dumb people figure out they made a dumb trade.
@B4YVSY92mos2MO
I don’t believe crypto is an issue of anything for me because I don’t use it and probably never will
@B4YVQGP2mos2MO
If people want to use Crypto, that is their own choice. The government should not to anything about Crypto.
@B4W9DPN2mos2MO
No. I believe that implementing stricter regulations on the use of cryptocurrencies would make it difficult for law abiding citizens to use crypto technology for payments, lending, borrowing and saving.
@B4VKL9R2mos2MO
Yes, the government should regulate cryptocurrencies to prevent illegal activities like money laundering and fraud, ensuring market stability and protect consumers from volatile risks
@B4VBZQB2mos2MO
Yes, I believe some regulation is necessary to protect consumers from scams, fraud, hacks, money laundering, terrorism financing, and drug trafficking while also ensuring financial stability. But it should be done carefully to avoid stifling innovation or violating the core values of decentralization and privacy.
@B4TG9CDProgressive 2mos2MO
I would view it similar to the stock market (placing money into a larger system to transfer to a different form of currency)
@B4SRBBQ2mos2MO
Cryptocurrency should simply not be legitimized, because it is not truly legitimate. Additionally, crypto mining facilities should be illegal. Buildings found to be involved should be removed from the people committing the crime, and all people involved should be sentenced to 720 hours minimum of volunteer work in our National Parks picking up trash and assisting with ecology rehabilitation projects.
@B4RPC84Peace and Freedom3mos3MO
I think both and I say yes because stricter regulations should be implemented and I think no because the regulations should not be stricter or should be minimal.
@B4RDJF33mos3MO
Yes, but only to make the ledger publicly visible so proven criminal transfers may be reversed. However, it should always remain anonymous as a transfer.
@B4RCNZPRepublican3mos3MO
Yes, stricter regulations should be put in place, but provide an equal opportunity for people to get cryptocurreny.
@B4QFGQ73mos3MO
Citizens should be free to spend their money on cryptocurrencies regardless of personal consequences. Any income or loss generated should still be regulated and subject to taxation
@B4Q6F7K3mos3MO
The government will impose regulations on cryptocurrency because it has finally realized they are opportunities and not risks.
@B4Q5L8C3mos3MO
Yes. Keep it largely free, but allow investigation into cryptocurrency fraud and abuse, and all cryptocurrency wealth should be regulated over a certain threshold of wealth obtained.
@B4Q3W2H3mos3MO
Cryptocurrency was created to defy the laws of government. It was created to avoid the gross amount of taxes imposed by most liberally run governments around the world.
@B4PQL8R3mos3MO
All should be able to use crypto currency including under the age of 18 if you can use regular money but it should be watched very little by the fed gov to make sure no scams etc.
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