is the top issue of the US. Crypto is probably a distant 10th.
It’s incredible to think that, of all the things that could have been discussed during debt ceiling negotiations, crypto was one of them. Education, healthcare and insurance, environmental issues, tax credits, electrification of vehicles and the grid, renewables, issues with China, BRICS, inflation, the recession, and Ukraine—all these and more are far more pressing issues than crypto.
It’s even more mind-boggling that, with the risk of defaulting on U.S. debt and plunging the world economy into chaos, crypto was chosen as a major point of negotiation. Granted, the other issues mentioned were given some attention, but to single out something like crypto as an important point of debate is highly questionable.
It’s true that crypto could be the future, but it’s still early days. Adoption isn’t widespread in the U.S., and the government has yet to provide clear and proper regulations like those in Europe and Canada. With the IRS chief saying tax evasion is the top issue for the U.S. in 2021, crypto is probably a distant tenth.
It’s difficult to fathom why the U.S. government would be so focused on crypto during debt ceiling negotiations when there are so many other, more pressing issues to consider. It’s time for the government to get their priorities straight and focus on the more important matters at hand.