@jerrybanfield You make really good points. I've always though that the US government should make their own digital currency that would be exactly equivalent to the US dollar and completely interchangeable. Crypto US dollar would be one in the same as the US dollar. In fact, it would be controlled and monitored by the US government. That is what the US government wants to do anyway. The Fed can introduce new currency to control the value just like they do with the current system. Banks would hate it though as it would essentially put some banks out of business. Most folks hate the government monitoring their monies, but there are plenty of cryptos out there that people can choose from. My opinion is that if there was a cryptocurrency variant of the US dollar, it would take the place of Tether and actually shield the US dollar from inflationary issues as the world switches to cryptocurrency.
Food for thought...