I'm no legal expert, but this seems like a restriction of free trade. Crypto is legal in the US. I'm sure the credit card companies have lawyers suited up and ready to go.. but maybe there are some smart lawyers in our community that could fire up a class action lawsuit against the credit card companies? Tell me where to sign to jump on board.
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I think they are just seeing crypto as a real threat to their business model. They are using the volatility of the market as an excuse to try and discredit it.
How dare people purchase things without the credit card companies getting their predatory 20% interest rates on it!
We need more alternative options, not less to force them into more competitive pricing and lower interest rates.
You go friend! Right on!!