Action Alert - List of States Where "Money" Is Being Redefined and Non Govt Issued Cryptocurrency Is Being Banned - The Last Ref...
Last week, South Dakota Governor Kristi Noem broadcast a warning on the Tucker Carlson show about a bill that passed her State House and Senate that she was forced to veto because it changed the definition of money and banned non-govt-issued cryptocurrency...
so if crypto becomes 'play money' that means they can't tax it right? It's like 'points' in a video game, or kids trading marbles. Am I missing something?
They can remove the on-ramps to the traditional banking system. For example, in Washington state, there are only a few "allowed" crypto exchanges. If I want to transfer US dollars to the exchange, buy/sell/trade it for crypto, I can only use those exchanges. End of the world? No. But, it definitely makes it painful if I want to sell some crypto for US dollars. (or buy crypto using US dollars)