ELI :marseygigaretard: why this guy is saying crypto should be backed by the government with help by the crypto caucus (Swalwell, Boebert, et al) and crypto bro Bankman-Fried buying political influence

https://youtube.com/watch?v=niXWlUTcmlE&t=655s

I've only talked to crypto 'maximalists' who want crypto to replace fiat, not backed by it

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>design a currency that is independent and decentralized

>claim that the federal reserve sucks and that bitcoin is the future

>demand that the fed backs it after it crashes

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