Cryptocurrencies put governments in such hilarious binds. They can’t try to discredit crypto because when it compares to the government/banking model we currently have set up on a global scale, the results are completely night and day. Also, they can never ever regulate crypto itself. As long as, in particular, the US government continues to not just inflate, but attempt to murder the US Dollar, Crypto will always have value in its storability, because when done so correctly, the government will never be able to stop you from converting money into crypto, nor will they ever be able to touch your crypto. Oh and it’s highly transferable to anyone you want on an anonymous level? Yeah, that’s gonna have some value, friends.
RE: CFTC forming commitees on Distributed Ledger and Cryptocurrencies