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US senators seek input on their cryptocurrency law via GitHub – and get some

gnasher729 Silver badge

It’s too late for regulations.

The principle of Bitcoin is that money paid out equals money paid in, minus losses from the cost of producing, buying and selling Bitcoin, minus the cost of outright fraud. That’s the simple math, and there is no way to get around it.

So by protecting future victims you just punish the ones who are already victimised.

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