1. United States
2. Mich.
3. Letter

No spending taxpayer dollars on cryptocurrency The recent $1.5 billion heist targeting the Dubai-based cryptocurrency exchange Bybit, orchestrated by North Korean state-sponsored hackers, exemplifies the grave risks posed by cryptocurrencies. This unprecedented theft surpasses all previous cyber heists and is likely enabling North Korea's repressive regime to fund its military programs and evade international sanctions. Given the inherent insecurity of cryptocurrencies and their potential for facilitating illicit activities, it would be imprudent for our government to invest taxpayer funds in this speculative and unregulated market.