An example of CCP foresight and, hopefully, a fat nail in the coffin of crypto-currency (I wish!).

Could someone explain the legality of crypto-currency in the U.S. to me? Article I, Section 8 of the Constitution specifically gives Congress power to "borrow money" and also power to "coin money and regulate the value..." Shouldn't that preempt crypto-currencies?

The ability to create the equivalent of gold punches a giant hole in the remaining efficacy of monetary policy, since when the economy goes south, money transfers into a far larger number of man-made speculative, non-productive assets.

In the U.S., crypto-currency has already become too powerful to ban. Leave it to the *sensible* CCP to perceive a new economic threat to state policy--and do something about it (e.g. Apple, Alibaba, Ant...just covering the A's here).

This is actually a question disguised as a rant. Anyone?