Hey MSNBC you might want to cover this it is called real news. Our Earl G. did outstanding work on this.

[allegorical oracle]

19. Just read Earl G's post. Feel like we're being jammed. Get the point that digital $$ is

getting popular. But what intelligent, above-board politician would support what is now basically "imaginary" money? A financial system that can be hacked, spammed and sold to vulnerable, unsuspecting citizens? Too bad for Bernie Madoff that he missed out on this gambit.

--From the Department of Insurance, Securities, and Banking:

Cryptocurrencies, like Bitcoin and Ethereum, are different from stocks and real money. Crypto is not regulated like stocks or insured like real money in banks. Crypto’s high risks can offer big rewards or huge losses.

In a recent Pew Research Center survey, 24 percent of Asian adults and 21 percent of Black or Hispanic adults say they have invested in or used a cryptocurrency, compared with just 14 percent of White adults. Overall, data shows 17 percent of US adults fall into one of these categories.

Black investors are also more likely than white investors to believe investments in cryptocurrency are both safe—33% vs. 18%—and regulated by the government—30% vs. 14% (Ariel-Schwab Black Investor Survey).

Crypto targets young minority investors through social media under the guise of “democratize finance” that removes barriers of invasive credit checks or income requirements promising high returns to build wealth (CNN).

https://disv.gov