Why government should be allowed in crypto

[Woodie]

Depending on where you coming from, the government can do something to protect it's citizens, but if you in a free market economy.. they pretty much can't do anything unless in the lines of recognition of cryptos as legal tender, etcetera, besides these cryptos are a direct competitor to government fiat and they will more likely want the citizens to stick to that to avoid tax evasion or doing any illegal stuff that the financial system won't detect.

Otherwise from your title, government doesn't need permission to get to this it's the other way round 

[LogitechMouse]

It was yesterday i was thinking that government should be involved in some part of this crypto, most especially customer protection part when buying a project because the rate at which memecoins are being used to take money from people is alarming, where is $TRUMP, $MELANI, $CAT, $DOG and many more today, they are now valueless, leaving the buyers stranded because of the value.

Is it the government's fault that many investors lost their money by investing into these meme coins? I don't think so.
Also, I'm think why the government shouldn't be allowed in crypto. I mean is there any rules or regulations out there where the government is prohibited to invest into cryptocurrencies?

TRUMP and MELANIA are meme coins at first place, and we know how risky investing into meme coins are. There are many who lost their money yes but also think that they didn't say that "you need to invest into these projects", but you're the one who decided to invest your money into it and the result is bad and didn't go your favor. This is the reason why we should invest into meme coins with caution and with the money we can afford to lose only because they're volatile, and can go *poof* in an instant.

Those who lost their money investing into these meme coins are the ones that got FOMOed and I hope they learned their lesson.

[Hatchy]

It was yesterday i was thinking that government should be involved in some part of this crypto, most especially customer protection part when buying a project because the rate at which memecoins are being used to take money from people is alarming, where is $TRUMP, $MELANI, $CAT, $DOG and many more today, they are now valueless, leaving the buyers stranded because of the value.

And who said they weren't. To me, the government hold bigger portions of major cryptocurrency out there. Including those that were confiscated it those that they are accumulating off grid. They might claim to be non supporters of cryptocurrency outside on the media, but those guys knows what crypto is and where it is going to be in the future so they don't want to be left behind as well.. I was actually disappointed in most of the coins you stated, though us was expected for them to be dumped.

[kulkhan]

It was yesterday i was thinking that government should be involved in some part of this crypto, most especially customer protection part when buying a project because the rate at which memecoins are being used to take money from people is alarming, where is $TRUMP, $MELANI, $CAT, $DOG and many more today, they are now valueless, leaving the buyers stranded because of the value.

Lol, two out of the four memecoins that you mentioned are owned, or should I say, where founded by the current president and first Lady of the United States, so what do you actually want them to do in their own case. Out of the four memecoins, I think dogs actually did a great job. It maintained a good price for a while before it was dumped. I didn't follow up with $CAT, but the $MELANI dump was crazy.

Specifically, I think it is actually more of the SEC's duty to protect customers and checkmate these projects, but since the dismissal of Gary, things have not been the same. Celebrities are not left out too.

We know Donald Trump involved in cryptocurrency. And also saw some token like $TRUMP and  $MELANI token launched few months ago. But that’s hype has been end. I think Donald Trump is not involved with this token.

Thats kinds of tokens hype end within short time. So we have to alert to invest this kinds of token. Who will invest on this kinds of token he should remember that, launching time can invest and within short time need sold it with some profit. Because when it’s hype will end then it’s price will decrease huge.

[BazinyAmg]

Government involvement in crypto can actually be a good thing and the reasons been that, it can help regulate it so that people don't get scammed due to fraudulent activities, this can make people feel more safer using cryptocurrencies which will in turn help the growth of the market. However if government is involved it could stifle and limits cryptocurrency's potential due overregulation thereby giving rooms to more centralized systems and contradicting cryptocurrency's decentralized nature.

[yhiaali3]

Has it achieved its purpose?! And what is its purpose?! As far as I know, meme coins have no project or purpose other than collecting more and more money. If that's what you mean, then yes, they have achieved their purpose.

Yes the meme coin space does have a purpose and it's more like a general purpose thing and definitely the trump coin isn't out of it. Basically their main purpose is to generate enough liquidity and then sweep it off the network. Basically they use hype and for the case of the trump coin political influence to gather enough investors.

Yes, I agree with you that it's like a public-purpose coin. Its general purpose is to exploit the influence of politicians or the fame of influencers to obtain the largest possible amount of investor money and fill their pockets, then abandon them, as happens with every meme coin.

Real cryptocurrencies, on the other hand, have a real purpose and project. They create appropriate solutions to an existing problem in the market, and they are backed by a team that continually strives to develop and find solutions to these problems. Anything else is just worthless garbage.

[Mr. Magkaisa]

It was yesterday i was thinking that government should be involved in some part of this crypto, most especially customer protection part when buying a project because the rate at which memecoins are being used to take money from people is alarming, where is $TRUMP, $MELANI, $CAT, $DOG and many more today, they are now valueless, leaving the buyers stranded because of the value.

Is it the government's fault that many investors lost their money by investing into these meme coins? I don't think so.
Also, I'm think why the government shouldn't be allowed in crypto. I mean is there any rules or regulations out there where the government is prohibited to invest into cryptocurrencies?

TRUMP and MELANIA are meme coins at first place, and we know how risky investing into meme coins are. There are many who lost their money yes but also think that they didn't say that "you need to invest into these projects", but you're the one who decided to invest your money into it and the result is bad and didn't go your favor. This is the reason why we should invest into meme coins with caution and with the money we can afford to lose only because they're volatile, and can go *poof* in an instant.

Those who lost their money investing into these meme coins are the ones that got FOMOed and I hope they learned their lesson.

       -        Perhaps every government in every country does not cover the decision that their citizens want, but only constantly reminding is all that the government can do in all countries around the world. And this is what we see every government doing.

Now, if someone is fooled or falls victim to scam problems, it is because this is their choice to do so, so the government, if they think it can help their citizens, will just let it go with a reminder to be careful with the investments they make because there are exploitative people out there.