U.S. The Supreme Court compares money with the freedom of speech. Now, the U.S. The Financial Services Committee of the House of Representatives is trying to determine if bitcoin is money or not. If so, should bidakoyane be understood with the freedom of speech?
Bibcoin tells about money that money gets
Although there is a lack of consensus, many people argue that bitcoin is money. Earlier this year, Goldman Sachs released a report titled "Bitcoin Money". When the report was released, Forbes asked the economist involved in the study whether bitcoin could be successful in the form of money or not.
"In principle, yes," Goldman economist answered.
According to Forbes, for these economists:
If breadcount is able to facilitate the transaction at a lower cost or can provide better risk-adjusted returns for the portfolio, then this would be as good as money.
On the other hand, the courts have struggled to define bittoin. For example, New York Court has said that Bitcoin is money. The New York Journal provides many examples in which bittoine was considered this way.
An example is Silk Road Case, United States vs. Ulbricht, 31F Supp. 3D 540 (SDNY 2014), which states:
The court found that Bitcoin Money Laundering Act, 18 U.S.C. For the purposes of the financial transaction involved in the movement of money is fit. §1956, and retained the prosecution.
One more - United States vs. Murgio, 20 9 F. Soup 3D 698 (SDNY 2016), said:
The court said that generally money is considered as money for a particular purpose, or often money.
Freedom of speech involves money
The most important thing is that the Supreme Court has equated the money with the speech. For example, in case of Buckley v. Valleo, 424 U.S. 1 (1976), an annotation reads:
Although how many people can contribute to political campaigns, this campaign can not limit the expenditure, expenditure by the candidate of personal resources, or the independent expenditure by groups supporting the campaign. This is because the court explained the money in this context with the speech, hence the first amendment applies.
Free speech is one of the most valuable human rights. Freedom of speech and freedom of expression are the pillars of democracy, and they are in the protection of the first amendment of the United States Constitution.
On July 18, 2018, the Monetary Policy and Business Subcommittee of the House Financial Services Committee met to determine how much the American government should consider in terms of bitcoin and other cryptokurus as money.
Controlling money is controlling the speech. Therefore, if bitcoin is money, then it should not be controlled. In this regard, Alex Lemax questioned the Republican standard:
Since Congress tries to disturb digital currency, people can ask that money - especially in elections - is known as freedom of speech or expression, should cryptrocessing be irregular?