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A comment on SEC Sues Binance and CEO Zhao for Breaking US Securities Rules. Parent comment

Re:SEC Sues Binance and CEO Zhao for Breaking US Securities ... by rafaelero on Tuesday June 06, 2023 @06:27AM (#36210624)
> the idea that "the people" can force countries to accept tax receipts in BTC is absolute unhinged nonsense, read a fucking book

Government money will worth shit if people stop putting their savings in it. Unless you think the US government will make it ilegal to possess BTC, then it is just a matter of time for people to migrate to a better store of value.

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Re:SEC Sues Binance and CEO Zhao for Breaking US Securities ... by preseinger on Monday June 12, 2023 @01:53PM (#36297935)
the US government probably won't make it illegal to possess BTC, but it will never accept e.g. tax payments in BTC

also, the instant there is a non-trivial amount of commerce conducted in US jurisdictions via BTC, you will immediately see aggressive counter-measures (lawsuits, criminal charges, etc.) from the federal government

germany's minister of finance said it succinctly when there was this facebook libra thing going around

> One of the core activities of a sovereign State is to issue a currency. We will not cede this task to private companies.

https://gpil.jura.uni-bonn.de/2019/10/germany-opposes-facebo...

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