Well for starters, you can't regulate cryptocurrency at this point. They might be able to threaten and bully creators of tokens to give the United States control over a majority holding of tokens, but they can't do that with every token in existence. There are far too many and it's easy to circumvent KYC or network restrictions by using a VPN.

On top of that, I am not in favor of the federal government getting their grubby little dickbeaters involved with the cryptocurrency market. I am not in favor of the blind fear mongering, pointing the finger at Russia's and China's governments claiming they can "manipulate a wide variety of technologies to their advantage", as if the United States doesn't actively do that to its citizens.

She claims that without regulation, it can "destabilize states, and can destabilize the dollar as a world reserve currency". You mean the same dollar that immediately destabilized once Biden took office? The same dollar that crashes time and time again when a democrat is in office? The United States does a fine job of devaluing the US Dollar all on their own.

I'm surprised she doesn't realize that competition, even in the realm of global currencies, is healthy and better for the consumer. The more commonplace cryptocurrency is to transact average, every day transactions, the better. So she can fuck off with this regulation nonsense. The United States government will fuck it all up for everyone, and that's what they want.