America is a secular nation. We don't "believe" in anything, we pay our taxes to be represented in democracy.
Blatant scams like this cannot be democratically approved. It is not a populist policy in the slightest.
Blatant scams like this cannot be democratically approved. It is not a populist policy in the slightest.
Ok, sure. The US is using taxpayer money to promote channels that are most commonly controlled by enemies of the American state and not allies: https://www.cnn.com/2025/02/24/politics/north-korean-hackers...
Treating digital currency equivalent to a hard asset will result in Americans being defrauded, exchanges losing control and the funding of adversarial powers including but not limited to nuclear-armed rogue states, Hamas, and the Chinese Communist Party. Whereas the SEC would ordinarily be able to investigate or stop this flow of money, with cryptocurrency they will have no such control.
That's fine. Our enemies are in search of a legitimate currency, Americans are not. Spending government money on these endeavors will exacerbate debt and facilitate the very criminal enterprises America opposes, like human trafficking, child exploitation and narcotics production.
America doesn't need more avenues for fraud. We need stronger consumer protections.