Why does America consider digital currencies a serious threat to itself?

Meanwhile, according to data from research company Chainalysis, on-chain analysis has proven that only less than 0.2% of cryptocurrencies are used for illegal activities.
However, the facts have not stopped US officials from opposing digital currencies. Damon recely said in his stateme, the only real use of it (crypto) is for criminals, drug traffickers, money laundering and tax evasion… If I were the governme, I would ban it. Meanwhile, JP Morgan is the second largest bank in terms of paying fines, having paid almost $40 billion in fines for 272 violations over the past two decades. Most of these violations happened during the time of Damon's CEO.
Although some politicians like Senator Warren wa to ban cryptocurrencies, this is similar to banning the iernet, which is simply not achievable.



