Arab Press

بالشعب و للشعب
Monday, Jun 02, 2025

Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead

Berkshire Hathaway's Vice Chairman, Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead. He argues that a lack of regulation leads to excessive behavior and gambling.
Munger claims that cryptocurrencies are not actual currencies, commodities, or securities, but instead, a form of gambling with a 100% advantage for the house.

He suggests the US government enact new federal laws to prevent the use of cryptocurrencies.

Munger and his business partner, Warren Buffett, have been skeptics of cryptocurrencies for a long time, seeing them as intangible and unproductive assets.

The crypto industry has faced several problems in recent times, including failed projects, scams, fraud and liquidity issues, contributing to the market's loss of over $2 trillion in value last year.

Bitcoin saw a 65% decrease in 2022 and has since rebounded by 40% to trade at around $23,824.
Comments

Oh ya 2 year ago
They are pushing this ban because they want to take control of you with CBDC. Once ypu sign up for this they can force you to do anything or they cut off your access to your bank account
Brad 2 year ago
Thailand: Pfizer contracts null and void. Thailand seeks billions in retribution from Pfizer for fraudulent covid injections

– naturalnews


Thailand seeks billions in retribution from Pfizer for fraudulent covid injections


In addition to ending the Pfizer contracts, the Thai government also plans to seek retribution to the tune of billions of dollars in payback from the company. That money will then go towards compensating all Thai people who “lost their existence” as a result of the Pfizer covid jab rollout.
Brad 2 year ago
The CBDC currency needs to be banned and so do NGO the government funds going to corporate welfare and NGOs need to be banned.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
Head of Gaza Aid Group Resigns Amid Humanitarian Concerns
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
Netanyahu Accuses Starmer of Siding with Hamas
Calls Grow to Resume Syrian Asylum Claims in UK
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Denmark Increases Retirement Age to 70, Setting a European Precedent
Iranian Director Jafar Panahi Wins Palme d'Or at Cannes
Israeli Airstrike Kills Nine Children of Gaza Doctor
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
Mount Lewotobi Laki-Laki Erupts Again, Spewing Ash Cloud over Flores Island
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
×