According to TechFlow, on October 21, Cointelegraph reported that the Federal Reserve Bank of Minneapolis recently released a research report suggesting that the government should tax Bitcoin or ban its circulation to ensure its ability to maintain a permanent budget deficit. The report pointed out that the existence of Bitcoin may cause the government to face a "balanced budget trap", that is, a state of being forced to balance the budget. The Federal Reserve believes that the unique implementation of a permanent primary deficit can be restored through legal bans or taxation. It is reported that the current primary deficit of the United States is about $1.8 trillion, and the total national debt has reached $35.7 trillion.