Montana State Sens. Shane Morigeau and Daniel Zolnikov will remorse their SB 178, which promotes cryptocurrency mining in Montana. They ignore the reality: cryptocurrency is a catastrophe. It wastes big portions of electrical energy and the sources that produce it. It makes economies much less steady. It ties up courts and authorities businesses in bankruptcies and authorized fits. And, why? Cryptocurrency does create jobs, sure, for lots of crooks and cops and attorneys. And, lobbyists, some retired Congressional leaders.
Crypto crooks are in our every day information, however for a working have a look at the motion, browse Molly White’s “White Letter.” She has testified in hearings and appeared on worldwide panels, all as a result of she publishes the flood of courtroom circumstances and the gorgeous variety of thefts and “rug-pulls” that happen each week. I by no means knew that there are such a lot of crooks.
Individuals are additionally studying…
As a substitute of inviting extra crooks to Montana, Morigeau and Zolnikov ought to as an alternative sponsor laws to require that tribes who promote “inexperienced energy” from hydro dams to cryptos receives a commission in U.S. {dollars}.
The one factor they acquired proper is that: “The U.S. Congress ought to use Montana’s laws as a mannequin and go a Federal digital asset safety legislation.” Sure, require that cryptocurrencies be backed by U.S. {dollars}, and in open markets the place the media can present us what they’re actually value.
![Bitcoin [BTC], Gold, S&P 500 and a case of the widening correlation](https://www.blocpress.com/wp-content/uploads/2023/03/chart-1905225_1920-1000x600-120x86.jpg)
