Policymakers’ response to fraud allegations at centralized crypto exchange FTX has included amusing crackdowns on Americans’ voluntary use of the software. Following last week’s FTX hearing, Senate Banking Committee Chairman Sherrod Brown (DOH) proposed “possibly banning” cryptocurrency. Earlier this month, Commodity Futures Trading Commission Chairman Rostin Behnam discussed how the federal government could assist offshore cryptocurrency exchanges that block US users in “protecting those firewalls.” Banning open-source software and shutting down the global Internet is not the way to lead the free world. It undermines new ways of organizing civil…
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