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Pro Unlike traditional money, cryptocurrencies are safe from government manipulation, free users from a slow, fee-laden, and exclusionary banking system, and offer people around the world privacy, stability, and independence in their financial transactions. Government regulators should give crypto the freedom to develop because digital currencies will benefit the economy and become the future bedrock of the financial system. |
Con Cryptocurrencies lack the oversight, stability, and security to rival the U.S. dollar. Cyberattacks have exposed massive vulnerabilities in the crypto sphere, criminals and hucksters regularly take advantage of naive consumers, and the extreme volatility of cryptocurrencies makes them unusable as means of payment. The government must impose regulations to protect more investors from losing their savings in shady ventures doomed to fail. |
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