Screening cryptocurrencies before they circulate would undermine the core purpose of crypto, which is to operate as a decentralized, permissionless system outside government control. Requiring government approval would slow innovation, create huge regulatory bottlenecks, and allow the government to decide which digital assets are “legitimate,” effectively killing smaller projects and giving an unfair advantage to large, well-funded companies. It could also push developers and investors away from the U.S. into countries with friendlier regulations, weakening American competitiveness in a rapidly growing global industry.
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