They want you keeping your #money in dollars so they can devalue government debt by inflating away your savings.

They see “crypto” as either a foreign currency or a foreign asset—and either way, they don’t want you buying it.

This is what China, Japan, and many other countries have already been doing for decades.

America has of course financially repressed as well, but we tend to believe in free markets enough that we don’t exercise draconian capital controls.

That is beginning to change.

@CryptoHayes says the quiet part loud: The Federal Government’s “War on Crypto” (Operation Chokepoint 2.0) is its way of implementing something anathema to American free market ideals:

capital controls. https://cryptohayes.medium.com/exit-liquidity-3052309e6bfa