The US government risks losing the technology battle as it is about to shut off the "growth engine" of cryptocurrencies, Mark Cuban told The Washington Post. The billionaire also warned that banning cryptocurrencies would be the "equivalent of stopping e-commerce in 1995 because people were afraid of credit card fraud."
"Or regulating the creation of websites because some people initially thought they were complicated and didn’t understand what they would ever amount to," he added.
Cuban's warning appears as the Senate previously voted to move forward on the $1 trillion infrastructure bill. The Senate voted 68 to 29 to end debate and the final vote might happen late Monday or early Tuesday morning.
iHodl earlier reported that the Congressional Budget Office (CBO) estimates the notorious $1 trillion Infrastructure bill would add $256 billion to deficits over 10 years. The cryptocurrency market has also criticized the bill as being overly impractical and broad.
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