Quote from: Lucius on November 05, 2021, 11:11:34 AM

Being elected to Congress does not necessarily mean being intelligent, but that is the way it is everywhere in the world

You don't need to be particularly intelligent, but rather just have a little bit of common sense, to realize that passing laws and regulations on something you don't understand will not be effective and will just lead to more confusion and issues further down the line. But yet, that's exactly what they are doing. The US government is trying to apply laws which were written to regulate wheat, Irish potatoes, and concentrated orange juice to bitcoin, as if these things are in any way comparable.

Every member of Congress has an army of staff, who are supposed to research and advise on issues like this. This is as much their failings as it is the member of Congress themselves. They propose these ridiculous laws, and then it is up to us to contact and educated them and change their minds or try to force amendments. Which will last for a few months until the next ridiculous proposal. The whole thing is a mess.