@ISIDEWITHQuestionseconomyStarted 3yrs agoActive 1wk ago

Should the government classify cryptocurrencies as legal forms of payment?

Cryptocurrencies are a collection of binary data which is designed to work as a medium of exchange wherein individual coin ownership records are stored on a public ledger using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of ownership.

39%
Yes
61%
No
31%
Yes
51%
No
7%
Yes, but only for cryptocurrencies that hold stable value without price fluctuation
6%
No, classify cryptocurrencies as unregulated commodities
3%
No, but the government should create an official digital currency
1%
No, classify cryptocurrencies as highly regulated securities

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Other Popular Answers

Unique answers from America users whose views extended beyond the provided choices.

  @ChaseOliverLibertarian  from South Carolina answered…6mos6MO

Sellers and consumers should be able to determine which methods of payment best suit their transactional needs.

 @988C9KW from New York answered…2yrs2Y

No, classify them as a Ponzi scheme(pyramid scheme), and take criminal action against those who promote them.

 @99T45NQ from California answered…1yr1Y

Yes, but only well established coins

 @9N6RHRB from Michigan answered…1wk1W

I say no, as they fluctuate so much, they pose a risk of falling into simple 1-digit numbers, and increase cyber-attacks on crypto-currency wallets, as these currencies are seen as an equavlent of the Mona-Lisa

 @db from Mississippi answered…2wks2W

I support the use of cryptocurrency, but, government classification could lead to government regulation for crypto or even CBDC.

 @9FR2KGHfrom Pennsylvania answered…8mos8MO

Yes and it is not the government's place to allow or disallow forms of payment among private parties

Latest News

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 @ISIDEWITH submitted…1wk1W

Biden campaign ramps up crypto industry outreach in surprising tone 'shift'

President Joe Biden’s re-election campaign has begun reaching out to key figures in the cryptocurrency industry, seeking guidance on "crypto community and crypto policy moving forward," sources with direct knowledge of the matter told The Block. The outreach, which includes calls to key industry leaders Biden's administration previously rebuffed, marks a significant "shift" from Biden's previous arms-length dealings with the industry, according to several sources, who spoke on the condition of anonymity.The engagement effort, which started about two weeks ago, comes as Biden's camp increasingly recognizes the impact crypto-related issues could have on a presidential race that is likely to be quite close, the sources said, citing the sensitivity of the discussions, which are ongoing. As part of that outreach, the re-election team has called several crypto experts, including some crypto industry players Biden rebuffed on previous occassions, one source said.They have very smart and capable people advising on that front, and you’ve seen some of the results of that and will see more in the coming months,” said a source within Trump’s inner circle with ties to the crypto industry.Sources told The Block that the Biden campaign’s overtures have been well-received by many in the crypto sector. However, one source noted that some industry players remain skeptical, viewing the outreach as "too little, too late."

▲  1410 replies4 agree

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