The United State Congress publicly supports cryptos

[paxmao]

You can read the full original report here. https://www.congress.gov/115/crpt/hrpt596/CRPT-115hrpt596.pdf

Unless I have been fooled, this THE 2018 JOINT ECONOMIC REPORT, Chapter 9 is fully dedicated to Blockchain technology, page 201. It talks about using blockchain to make the technological infrastructure more resilient, about the use for medical records, the huge public demand for knowledge, taxes and all the hot topics.

Overall Recommendations from the Report:

• Policymakers and the public should become more familiar with digital currencies and other uses of blockchain technology, which have a wide range of applications in the future.
  
• Regulators should continue to coordinate among each other to guarantee coherent policy frameworks, definitions, and jurisdiction.
• Policymakers, regulators, and entrepreneurs should continue to work together to ensure developers can deploy these new blockchain technologies quickly and in a manner that protects Americans from fraud, theft, and abuse, while ensuring compliance with relevant regulations.
• Government agencies at all levels should consider and examine new uses for this technology that could make the government more efficient in performing its functions.

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[Sanjeewa101]

This is good news for cryptocurrency market and future investors of it. Now, most of the countries are going to support blockchain technology and cryptocurrency.

[paulmaritz]

You can read the full original report here. https://www.congress.gov/115/crpt/hrpt596/CRPT-115hrpt596.pdf

Unless I have been fooled, this THE 2018 JOINT ECONOMIC REPORT, Chapter 9 is fully dedicated to Blockchain technology, page 201. It talks about using blockchain to make the technological infrastructure more resilient, about the use for medical records, the huge public demand for knowledge, taxes and all the hot topics.

Overall Recommendations from the Report:

• Policymakers and the public should become more familiar with digital currencies and other uses of blockchain technology, which have a wide range of applications in the future.
  
• Regulators should continue to coordinate among each other to guarantee coherent policy frameworks, definitions, and jurisdiction.
• Policymakers, regulators, and entrepreneurs should continue to work together to ensure developers can deploy these new blockchain technologies quickly and in a manner that protects Americans from fraud, theft, and abuse, while ensuring compliance with relevant regulations.
• Government agencies at all levels should consider and examine new uses for this technology that could make the government more efficient in performing its functions.

They will not outright ban it as it will have the opposite effect of what they want to achieve. They will pretend to support it while slowly but surely introducing legislation that will bring in under their control. They will for one not allow true cryptos - cryptos that are decentralized and private - to survive long-term. They will do all of this while pretending to be pro-crypto and tell us how legislation, which is equal to centralization, is required to keep us safe. If we're not careful, we will end up in a system where they have full control over every single transaction we do. Like the so called 'war on terror', they will through false flags and what not cause all of the problems - real and perceived - and then represent themselves as our saviors. Rinse and repeat. Rinse and repeat.

Given their history, it will be outright dangerous to trust them. In fact, cryptos have seen first light because they cannot be trusted. We don't need them to set ourselves free. The sooner we realize this, the better.

[joms123]

You can read the full original report here. https://www.congress.gov/115/crpt/hrpt596/CRPT-115hrpt596.pdf

Unless I have been fooled, this THE 2018 JOINT ECONOMIC REPORT, Chapter 9 is fully dedicated to Blockchain technology, page 201. It talks about using blockchain to make the technological infrastructure more resilient, about the use for medical records, the huge public demand for knowledge, taxes and all the hot topics.

Overall Recommendations from the Report:

• Policymakers and the public should become more familiar with digital currencies and other uses of blockchain technology, which have a wide range of applications in the future.
  
• Regulators should continue to coordinate among each other to guarantee coherent policy frameworks, definitions, and jurisdiction.
• Policymakers, regulators, and entrepreneurs should continue to work together to ensure developers can deploy these new blockchain technologies quickly and in a manner that protects Americans from fraud, theft, and abuse, while ensuring compliance with relevant regulations.
• Government agencies at all levels should consider and examine new uses for this technology that could make the government more efficient in performing its functions.

Most countries don’t see bitcoin as a competitor or a threat but take some security measures regarding how secure could be; for example, United States consider bitcoin not a coin but a commodity according to the IRS but in a report in recent years showed that only a small amount of people declare they have bitcoins and they treated as criminals.

The problem with these countries is that most of them have a monetary policy that guide them and they’re the only authority established by the State to create money.; that’s why the United States in a Congress Report suggested to consider them as a commodity (due the price fluctuation) and not a currency.

Lots of people are using bitcoin in order to find some financial help to save their assets. For example, in Venezuela bitcoin’s demand is big because their currency is dead, it’s useless to save something with the Venezuelan bolivar and too difficult to find dollars (USD) so they use bitcoin in order to save the money and hope to gain some value. It’s affecting in a small scale to the economy and the State is prosecuting those who use bitcoin. No joke. They detained two engineers for mining.

[worldtraveller321]

i agree, crypto is supposed to be about taking away the 3rd party
so in this case, crypto will go underground
more less you will have to access Exchanges on an independent blockchain method
to keep under the scope,
this is the idea of the decentralized internet, would come in
people will only see exchanges virtual and that way no central body can regulate too much
long way off, but that is my ideas
any thoughts?

[paxmao]

You can read the full original report here. https://www.congress.gov/115/crpt/hrpt596/CRPT-115hrpt596.pdf

Unless I have been fooled, this THE 2018 JOINT ECONOMIC REPORT, Chapter 9 is fully dedicated to Blockchain technology, page 201. It talks about using blockchain to make the technological infrastructure more resilient, about the use for medical records, the huge public demand for knowledge, taxes and all the hot topics.

Overall Recommendations from the Report:

• Policymakers and the public should become more familiar with digital currencies and other uses of blockchain technology, which have a wide range of applications in the future.
  
• Regulators should continue to coordinate among each other to guarantee coherent policy frameworks, definitions, and jurisdiction.
• Policymakers, regulators, and entrepreneurs should continue to work together to ensure developers can deploy these new blockchain technologies quickly and in a manner that protects Americans from fraud, theft, and abuse, while ensuring compliance with relevant regulations.
• Government agencies at all levels should consider and examine new uses for this technology that could make the government more efficient in performing its functions.

Most countries don’t see bitcoin as a competitor or a threat but take some security measures regarding how secure could be; for example, United States consider bitcoin not a coin but a commodity according to the IRS but in a report in recent years showed that only a small amount of people declare they have bitcoins and they treated as criminals.

The problem with these countries is that most of them have a monetary policy that guide them and they’re the only authority established by the State to create money.; that’s why the United States in a Congress Report suggested to consider them as a commodity (due the price fluctuation) and not a currency.

Lots of people are using bitcoin in order to find some financial help to save their assets. For example, in Venezuela bitcoin’s demand is big because their currency is dead, it’s useless to save something with the Venezuelan bolivar and too difficult to find dollars (USD) so they use bitcoin in order to save the money and hope to gain some value. It’s affecting in a small scale to the economy and the State is prosecuting those who use bitcoin. No joke. They detained two engineers for mining.

Take a read at the document, there is much more information in there than just the usual Gov is bad, cryptos are this and that... They are clearly recognising the value of the technology and that means real money will be injected.

[theyoungmillionaire]

-snip-

Most countries don’t see bitcoin as a competitor or a threat but take some security measures regarding how secure could be; for example, United States consider bitcoin not a coin but a commodity according to the IRS but in a report in recent years showed that only a small amount of people declare they have bitcoins and they treated as criminals.

The problem with these countries is that most of them have a monetary policy that guide them and they’re the only authority established by the State to create money.; that’s why the United States in a Congress Report suggested to consider them as a commodity (due the price fluctuation) and not a currency.

Lots of people are using bitcoin in order to find some financial help to save their assets. For example, in Venezuela bitcoin’s demand is big because their currency is dead, it’s useless to save something with the Venezuelan bolivar and too difficult to find dollars (USD) so they use bitcoin in order to save the money and hope to gain some value. It’s affecting in a small scale to the economy and the State is prosecuting those who use bitcoin. No joke. They detained two engineers for mining.

Take a read at the document, there is much more information in there than just the usual Gov is bad, cryptos are this and that... They are clearly recognising the value of the technology and that means real money will be injected.

Hi, paxmao, don't bother to reply joms123. His reply is just copy and paste from this link: https://www.quora.com/If-a-lot-of-people-in-a-country-switched-to-cryptocurrency-like-Bitcoin-would-it-affect-that-country%E2%80%99s-economy
By: Nelson David Cardozo, Using Bitcoin since 2012. Looking new experiences through cryptocurrencies.

[paxmao]

-snip-

Most countries don’t see bitcoin as a competitor or a threat but take some security measures regarding how secure could be; for example, United States consider bitcoin not a coin but a commodity according to the IRS but in a report in recent years showed that only a small amount of people declare they have bitcoins and they treated as criminals.

The problem with these countries is that most of them have a monetary policy that guide them and they’re the only authority established by the State to create money.; that’s why the United States in a Congress Report suggested to consider them as a commodity (due the price fluctuation) and not a currency.

Lots of people are using bitcoin in order to find some financial help to save their assets. For example, in Venezuela bitcoin’s demand is big because their currency is dead, it’s useless to save something with the Venezuelan bolivar and too difficult to find dollars (USD) so they use bitcoin in order to save the money and hope to gain some value. It’s affecting in a small scale to the economy and the State is prosecuting those who use bitcoin. No joke. They detained two engineers for mining.

Take a read at the document, there is much more information in there than just the usual Gov is bad, cryptos are this and that... They are clearly recognising the value of the technology and that means real money will be injected.

Hi, paxmao, don't bother to reply joms123. His reply is just copy and paste from this link: https://www.quora.com/If-a-lot-of-people-in-a-country-switched-to-cryptocurrency-like-Bitcoin-would-it-affect-that-country%E2%80%99s-economy
By: Nelson David Cardozo, Using Bitcoin since 2012. Looking new experiences through cryptocurrencies.

Aww... Not free from spam even in serious discussion ... Oh well, it is fine, even if it is a bad post, mine is so good that makes the whole thing worth reading  

[wandino]

Good news for crypto holders.As policymakers and the public are becoming familiar with digital currencies blockchain technology, which have a wide range of applications in the future.

[pasha2123]

As always there are a lot of positive news. But why does the market stand still? In my opinion this is great news in order to buy more crypto! By a little and other countries will support crypto!

[Stonetium]

They also put a fake scam ICO site to educate people so great!

[yoseph]

As always there are a lot of positive news. But why does the market stand still? In my opinion this is great news in order to buy more crypto! By a little and other countries will support crypto!

Maybe it's going to take a while before the market will start to readjust itself to depict this news and with the current FUD going around, it wouldn't surprised that even this positivity was unable to do anything at because of the negativity going around.

[fernandoaleixo]

This is extremely important for the future of cryptocurrency, the technology now will have a stronger defense against bureaucrats (even if ironically, such laws were made by bureaucrats themselves) but I wonder what's going to happen with alt-coins? Are they still vulnerable for some sort of arbitrary decision?