Regulation
Crypto Cannot Be Regulated by Current US Regulators
Payment for goods or services OTHER than transaction fees (i.e. gas fees). It’s tricky: unless it’s a stablecoin, it’s similar to a motto, but not quite the same thing. (Remember that currencies are intended to be a store of value that stays within a narrow range relative to a target or key exchange rate. Assets, on the other hand, are designed to fluctuate in value – that’s is how your small investment in something suddenly becomes so valuable, or your huge investment in something else collapses into nothing.) Currencies are regulated by the U.S. Department of the Treasury, including FinCEN and the IRS.