مجلة القانون، المجتمع والسلطة
Volume 14, Numéro 2, Pages 45-62
2025-09-01
The Global Financial System And Digital Currencies; The Dialectic Of Conflict And Convergence. -case Study Of The United States Of America.
Authors : El-ghandja Hichem Daoud .
Abstract
This study examines the conflictual relationship between supporters and opponents of cryptocurrencies in the context of the United States, where this debate is particularly pronounced. Employing a dialectical approach, the research analyzes the rising prominence of pro-cryptocurrency trends, particularly in the realm of political influence, as exemplified by Donald Trump's courting of the crypto community during the U.S. presidential election and the significant crypto-based donations in the election cycle. Conversely, the anti-cryptocurrency trend highlights concerns over the decentralized nature of cryptocurrencies, the lack of regulatory oversight, and the surge in fraud and corruption cases within the crypto space, which may threaten the stability of the U.S. financial system. The methodology combines a dialectical analysis of the debate with a review of quantitative data and statistics to substantiate the arguments of both sides. The findings reveal that while cryptocurrencies present both risks and opportunities, the crypto community has gained sufficient influence to shape political outcomes, as seen in the U.S. elections. The study concludes with recommendations: separating the negative aspects of cryptocurrencies, such as decentralization and fraud, from their potential to positively influence economic and political systems. It also suggests that as the cryptocurrency market grows, adoption and regulation are necessary to manage the financial flows within blockchain systems. Finally, the study notes that countries like Algeria, which currently ban cryptocurrencies, may miss out on the economic opportunities they offer, despite the associated risks.
Keywords
Cryptocurrencies ; Digital Currencies ; Financial System ; Regulation ; United States
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