Should the government be regulating crypto? Sen. Jon Tester (D-Mont.) says “if we regulate it, it may give it the ability for people to think it’s real,” during an exclusive interview with Meet the Press last month.
Just an opinion but maybe Sen. Testing isn’t very smart or isn’t talking to the right people about the future benefits of cryptocurrency and blockchain on the world’s people, or maybe he knows it and is trying to prevent it.
Sen. Jon Tester (D-Mont.) has recently expressed his doubts about the cryptocurrency industry. During a recent interview on Meet the Press, Tester stated that he has not been able to find anyone who can explain the value of cryptocurrency to him and that it has not been able to pass his “smell test”.
When asked about the government’s role in regulating or banning cryptocurrency, Tester stated that he believes that if the government regulates it, it may give the illusion that it is real. Tester added that his personal belief is that there is no reason for cryptocurrency to exist.
Tester’s comments come amid growing concerns about the stability and security of the cryptocurrency market. Despite the rise of cryptocurrencies like Bitcoin, many experts and regulators remain wary of the market and its potential for criminal activity and financial scams. Tester’s comments reflect a broader sentiment among regulators and lawmakers about the need for more oversight in the cryptocurrency industry.
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