They are young and stupid. They don't know enough history. They don't know how the story of John Law ended.

Why would they do that? Is this just spam?

Surveillance. It’s more difficult to track cash transactions, more difficult to assess tax on them.

Why crypto? Can't they outlaw cash and mandate credit/debit cards?

It’s not an exclusive or, they already have most payment processors tapped. People who refuse to use credit now may choose to use crypto later, so pushing crypto probably increases surveillance coverage.

I think many overestimate their ability to create legislative change that will outlast the lifespan of an executive order. This is a party that couldn't repeal the ACA when they had control of all three branches. The ACA, flawed as it is, took hard work, discipline, nuance. What we have now are leaders who spend their days venting culture war fumes on Twitter.

The timing of retiring supreme court justices may fall in their lap, which is lasting, but again that's not due to anything they've achieved.