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The White House and Congress Propose Contrasting Measures on How to Regulate Digital Currency
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With advanced technology, we are seeing the traditional paper dollar disappear before our eyes. A recent Forbes poll reported that 70% of individuals most often use a debit or credit card for purchases while only 22% pay with cash. Online banking, digital wallets, and new currencies, such as cryptocurrency, have bolstered this shift in payment methods. With cash out of our hands, bad actors in the federal government are finding more ways to get their hands on it.
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