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We saw Bitcoin as a great idea, as a way to separate money from the state." Economist Paul Krugman argues that cryptocurrencies like Bitcoin are "something of a. This article contextualizes the rise of cryptocurrency within the historical relationship between money and the state. It begins by asking two simple yet. D.C. has no cryptocurrency-specific statutes, but case law from United States v. Harmon () establishes that cryptocurrency businesses fall under the Money.