With the Crypto Industry War Chest Looming, Senate Democrats Help GOP Pass GENIUS Act | Common Dreams
www.commondreams.org
Several Senate Democrats join Republicans to pass landmark cryptocurrency bill establishing regulatory framework for stablecoin, despite critics' objections.
  • phutatorius@lemmy.zip
    1·
    29 days ago

    What crypto is being used for and how it is being used is generally impractical.

    Generally criminal, more like. It’s good for money laundering and illicit payments, that’s about it.

    It does have legitimate uses.

    Citation needed.

    • Phoenixz@lemmy.ca
      1·
      26 days ago

      I’ve used it for quite a few legitimate payments. Its fast, easy, not cheap.

      But yeah, it does allow for a lot of criminal transactions, as a side effect