The Flaws in U.S. Crypto Regulation and its Global Impact

Recent regulatory announcements and actions by the US government, including directives from the Federal Reserve and executive branch designed to debank crypto firms, a pending lawsuit against Coinbase, and increasingly hostile rhetoric from Congress, are far from appropriate. The author argues that crypto emerged as an alternative to the inflationary dollar and should not be discouraged or stifled. The government's attempt to censor the industry and discourage banks from holding it or people from buying it is an abuse of power and goes against the principles of liberty and innovation.