1. United States
  2. N.Y.
  3. Letter

Vote NO on Crypto

To: Sen. Schumer, Sen. Gillibrand

From: A constituent in Dobbs Ferry, NY

May 13

I implore you NOT to vote for the GENIUS bill. As leading economist will tell you, there is no benign use case for cryptocurrency. And there is no use ca se at all for so-called stablecoins. We already have digital dollars; they are called dollars. Most transactions these days do not use physical currency. gulations won't solve that. Getting rid of crypto entirely will. Please vote NO. its false hope of riches, of an investment they think they understand. The monies interests want crypto so they have another way to hide their wealth. Re We are fine. One of the biggest crypto meltdowns happened because of over-confidence in a stablecoin. You should be working to get rid of crypto entir ely, not regulating it. Crypto is a Tulip run at best, and a scam at, well, also best. The people do not benefit from crypto, they lose their money to

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