“Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states that compete in laxity,” Munger wrote. “The U.S. should now enact a new federal law that prevents this from happening.”

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• Source: https://www.coindesk.com/business/2023/02/02/berkshire-hathaways-charlie-munger-calls-for-crypto-ban-in-the-us/?utm_medium=referral&utm_source=rss&utm_campaign=headlines