“Bitcoin should be regulated because it’s used by criminals!”

Standard Form:
Premise (1): Bitcoin is used by criminals.
Premise (2): Anything used by criminals should be regulated.
Conclusion (3): Therefore, Bitcoin should be regulated.

According to Premise 2, we should regulate anything used by criminals. Does that include dollars, knives, and pillows? I doubt it.

If one of the Premises is FALSE, then the Conclusion is also FALSE.
Hence, not a good argument.

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