Cryptocurrencies continue to exist as a sector that has not yet been fully regulated worldwide. Especially in the USA, a hesitant approach is adopted on this issue and it lags behind in regulation compared to the European Union. There is a generally negative attitude towards cryptocurrencies in the USA, with the Securities and Exchange Commission (SEC) in particular arguing that this sector should not be subject to regulation.

Approach to Cryptocurrencies and Political Debates

There are differences of opinion regarding cryptocurrencies among political circles in the USA. While Democrats argue that strict controls and restrictions are necessary on the grounds that cryptocurrencies are used to finance malicious groups such as terrorist organizations, Republicans adopt a different attitude and put forward issues such as tax barriers.

Especially after Democrats criticized cryptocurrency taxes, Republicans aimed to prevent these taxes in the fight against the financial crisis. President Biden described Republicans as defenders of cryptocurrencies and portrayed them as enemies of the American people.

Senator Lummis' Views on Cryptocurrency

Senator Cynthia Lummis stated in her statements that the USA creates a negative political environment regarding cryptocurrencies and regulation. Lummis emphasized that the United States should not make progress in this area and that the Ohio Senate race is important for the cryptocurrency industry.

#BitcoinDunyamiz

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