The Federal Reserve, U.S. Treasury and the S.E.C. seem to ignore existing Federal Laws, Coinage Act 1965, Section 8 of the U.S. Constitution, in order to establish the legalities of cryptocurrencies

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The ambiguity of Crytpo/”currencies” definition in financial markets has been exploited by stock markets speculators to dodge already existing laws that could have outlawed “Crytpocurrencies”. The simple lack of definition of what are Crytpo/”currencies” if defined as financial assets, commodities, as the Federal Reserve Chairman, holding a degree in law, defined somehow as a form of “digital gold”, have helped to exploit loopholes to circumvent existing Federal Laws and National legislations in any developed Country that define by law the National Currency as the legal mean of transactions and payments.

The Coinage Act of 1965 states (in part):

United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes and dues. Foreign gold or silver coins are not legal tender for debts.— 31 U.S.C.§ 5103

United States Constitution

SECTION. 8. (part)
The Congress shall have Power To lay and collect Taxes,
Duties, Imposts and Excises, to pay the Debts and provide
for the common Defence and general Welfare of the United
States; but all Duties, Imposts and Excises shall be uniform
throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among
the several States, and with the Indian Tribes;
To establish a uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the
The United States;
To coin Money, regulate the Value thereof, and of foreign
Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;