If this bill passes it will cause a fleeing of cyptocurrency out of the USA and out of those exchanges that operate within the USA. Cyptocurrency is international and other nations will use cryptocurrency as an alternative to the US dollar as cryptocurrency do a better job of holdng its value against the dollar. The only one who will get hurt by this bill are U.S. citizens but the rest of the world will cruise along just fine.
You are viewing a single comment's thread from:
Maybe that is the intent of the law?
Who knows?! Bitcoins and other cryptos are threats to the central banking system which is led by the U.S. central banking system. So that would be one of the reasons why they would introduce such a bill. The next step will be to use the U.N. But with Trump in power, my guess is that he will not allow such a bill to pass. There are still a lot so swamp rats in D.C.