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Why might the US regulate cryptocurrency? (Poorly understood technology…
Why might the US regulate cryptocurrency?
Increase consumer protection
Poorly understood technology
Blockchain
Develop standardized security protocols
There are proven vulnerabilities
Follow suit with other countries
Japan
China
Countering terrorism and dark web activities
Volatility
Investors
Success of Bitcoin has brought greater recognition
loss of economic power
Other countries take lead with crypto initiatives
Potential for other economic decentralizations
Regulation of cryptocurrency is a revenue source
Stabilize markets
Prevent revenue losses
State and non-state actors bypass international & local laws