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Binance just announced that their US platform would be ready in weeks. The question is, what's on the mind of the American government concerning crypto. Isn't it possible they're trying to control it like the USD? https://www.cryptoinfowatch.com/binance-us-ready-for-launch-in-weeks/

If you have any question the greedy corrupt government isn't trying to influence crypto just look at what they did to Ross Ulbricht and the Silk Road story...

I mean, they might think they are going to control it, sure.  But in practice, they're pretty impotent.  They'll interfere with any low-hanging fruit they can reach, but the concept as a whole is just beyond them.  They'll pass some laws that primarily affect exchanges and businesses, then maybe point to whatever dark-web criminal last got arrested and say "yeah, look at how much control we have", but in practice, they can't do much of any real consequence. 

You can't really regulate mathematics and that's basically all we're doing here.  Obscurity and security via really big numbers.

Wait? Let me read it carefully?
I think the information on the article is about the new expansion of Binance to have customers from US.
It is good news for investors or traders from US, they will have a chance to join Binance legally.
So, I don't see the issue about "US government trying to control crypto" there.

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Even if the US government tries to control crypto, I am not sure it is possible like controlling USD.
I can't imagine how the US government claims to be the controller and make some regulations for crypto space.
Did the US government create crypto space? Even if they provide some proofs, I doubt the community around the world will agree.

what if US really wants to support crypto, and with that, US seeks a trusted exchange, and finally chooses binance?
if we don't have evidence then it's better not to make allegations that don't have evidence, this will only trigger FUD.
but, if I were, I would prefer to receive something positive.

I agree. They can control all business related to cryptocurrencies, including altcoins like Libra, Ripple, etc.
Even interesting projects like BAT are being forced to do things against their principles, such as enforcing KYC to its publishers...

However, bitcoin cannot be fully controlled.

When people realize that, and altcoins become controlled, I hope we get rid of most of shitcoins.

If you mean to control it like to own it then it is not possible as Donald Trump already declared he don't like the Bitcoin or the crypto currency concept. Maybe the US government will not control it but just want to ensure that they could monitor all transactions against money laundering.

I don't think they try to control it. President Donal Trump has stated that he hates cryptocurrencies. However, this country still has a large number of currencies around the world. Besides, electronic facilities are difficult to control and manage.

Government cannot control or stop any crypto because of decentralization. But it's possible to control third party platform such as exchange of ico, because they are not decentralize (except dex). They only control service provider, not crypto it self.

For binance, think it can be knife for them. In one side, this is their oppurtunity to gain crypto traders or investor from USA and proof crypto is another payment methods. In other side maybe US goverment can make any ridicolous demand to control them

I don't think you really understood the content of this article. This has no relation with the US government trying to control crypto. Please read the article careful again.

The only way that the government could manipulate cryptocurrencies (or bitcoin to be specific), is that if they have majority of the coins over the total supply. Although no one actually knows who owns who, there may be a slight probability that this may be their plan all along.

On the contrary, due to its decentralization, I doubt that there would be some kind of manipulation but there would be some monitoring done by the government. They would not intervene on the internal matters but once it affects the general welfare, that is when they would do something concrete about it.

BTC is too decentralised for one government to control.
However government regulation over exchanges is needed to weed out potential scammers.

This will build trust from the masses and enable widespread adoption of BTC.

every government is trying to take control of bitcoin because they don't want anything that is out of their control and decentralized but they can not do that and they have not been able to do that so far either. i still don't get how you made the leap from Binance creating yet another new platform with US government trying to control crypto! that is just Binance trying to separate the US users from the rest of them so that they don't have to impose the same regulations on the rest while forcing US specific regulations on their US users.

Generally speaking, all governments are concerned on Bitcoin and cryptocurrency and that is why many passed legislation or laws on the trade, use and things surrounding this new "beast" so this is not just specific to the USA. Just look at China and how it was able to almost fully control Bitcoin because the government is thinking of using the many possible benefits of cryptocurrency for its own ambition. The government has all the power to make things burdensome or easier for any industry and at this point in time many people in the governments still are wary of the effects cryptocurrency can have on the global economic system so some of their actions can be hurting this industry.

I have the feeling that Bitcoin users are a little bit too concerned about government influence. Many conspiracy theories appear but the whole story is just exaggerated.
Of course that governments would like to have under control something that might influence the economy and society in general that is why regulation is proposed. But don't forget that Bitcoin is based on decentralized and independent system and regulation doesn't necessary mean control in sense that is stated here.
And From the published news I don't see any intention of US government to control crypto.

For them cryptocurrency is a choice, just like currencies made before, also has positive and negative values. When international payments are tried, it will become one of the first real-world applications for cryptocurrency in the banking world. I am sure in the future the American government can regulate and be able to use crypto freely.

Control is such a strong word. Besides, who said that they don't have "control" already?

Look at all the normie hedge fund managers, trusts, politicians, news reporters, celebrities and big banks? trying to enter that are already in crypto.

When big institutional investors join crypto, everybody goes batshit crazy like it was actually a good thing - and that's because everyone's focused on the price. In all actuality, the government doesn't need to control Bitcoin itself - it just has to manipulate the greed of people and people are more easily controlled than Bitcoin the technology, the code and the system.

Look at Coinbase and IRS issuing those tax notices.

Every government will try to milk every cent from every gain in every territory they own in every citizen that claims to be a member of such, regardless. This is the very definition of a government - a coercive power that will do whatever it wants, using whatever resources necessary for as long as it can. Why?

Because it can.

Now, let's reverse it a bit and say that "the Government is NOT trying to Control Crypto?"

It's got other things at its focus right now, and that's illegal immigration, trade war, national security concerns, opiod epidemic and such.

To the government, Cryptocurrency is interesting. But governments are letting them simmer until it reaches the boiling point. Look at Trevon James of Bitconnect fame - he's still running around posting youtube videos like an incompetent weather reporter right?

Ask yourself "Why?"  

It's a centralized exchange. They are just going to operate within the US financial regulation and KYC will be a must for users as part of compliance. Bittrex has been working perfectly in the US and keep doing so, there are so coins that they may never be able to list and some nations they will never offer services to.

Ofcourse they want.they know they cant stop or ban crypto so there is only one way to save usd which is take control of ceypto.

I am sure the US Government wants to control cryptocurrency as they see there is a big chance to make big money from the cryptocurrency. But they realize that it is too hard to do that thing because no one or any institutions control cryptocurrency so cryptocurrency will run by itself. Maybe the US Government want to limit the people access to use cryptocurrency so they can launch their own cryptocurrency. And they will suggest people use their currency besides using cryptocurrency.

But everything can happen as the US Government can do what they want except for controlling the cryptocurrency. We need to wait and see what will happen later.

The American government has long been known for its strict regulations. But I think any government is difficult to control cryptocurrency because it is decentralized and knows no national boundaries. What every government can do is regulate exchangers so that the traded crypto does not violate their regulations because crypto has begun to be known as digital assets

I don't like governments because they are a small group of corrupt, ambitious and evil people, but we have to look at things from another angle:

Who will ensure that scammers are punished?

Who will ensure that scammers will not steal?

How many cases of exchanges that have blocked people's accounts for no justifiable reason exist?

How many cases of ICO scam are there?

How can we accept that an anonymous exchange owner take our documents: (our passports, our income statement and our proof of residence)?

Even if we don't like governments, but we have to admit that we need governments to regulate this crypto market.

What the US government wants is to "protect its citizens"

There were hard drugs on his website, it's not (or not only) about crypto. Even if it's a sad story what happened to this guy.

The government in France want to make a public crypto because of Libra from Mark Zuckerberg. So, of course that the governmentS want to control the economy, it's just a question of economy.

The vast majority of Bitcoin hashrate is in China right now.

These posts about the US Government miss the real threat.

While legal issues have always constrained the growth of cryptocurrencies, countries are still seeking to control it. But it seems this is not possible. Blockchain technology is transparent and not subject to many legal constraints. This is also the reason why the government is afraid.

I don't think they're trying to control cryptocurrency. Most possibly, they would try to control the user. They cannot control crypto like bitcoin since it's decentralized that's why maybe, they're trying to influence its users and would probably regulate the use of crypto within their country. Plus the fact that Trump is not positive about crypto, as what he tweeted before.

The fact that government always wanted to be in controlled of everything means that even crypto will not escape their grasp.  They often worry about fraud, money laundering and other stuff that they think may affect their country negatively.  Sadly, they view cryptocurrency as one of the possible medium for this act so in order for them to control this kind of illegal activities, they have to control cryptocurrency.

I don't think their plan is to control it but instead implement regulations against money laundering. It sounds like they've invested the most money into blockchain forensic partners

it seems like a lot of theories occur if the US government is interested and tries to control cryptocurrency. I think with the huge amount of circulation in cryptocurrencies around the world. any country are certainly interested in managing can take advantage of these funds. is this one of the steps of the US government to take advantage in it or is it related to one of the ways to win the trade war issue that is taking place at this time. No one knows

They can definitely control the business such as exchanges and could monitor the flow of money into the market, other than that what they are going to control in a global financial market :P, every country is looking to come up with regulation to have some sort of control over the market and it is expected to happen in the next few years.

What is the real threat in having a bigger hash rate from China, no one is holding anyone back to invest in huge mining farms, what are you talking about   ???.

The leader and president of the United States of America in person of Donald Trump is against bitcoin and cryptocurrency and I don't know how he or his government would want control cryptocurrency

Broadly speaking, I think the news is more directed to cooperation to attract new investors, not as you would expect that "the US government is trying to control cryptocurrency". Because there has been so much news that the current US government does not support anything about cryptocurrency. But it does not rule out the possibility that later the US government will control cryptocurrency, perhaps by creating an exchange market project :D (IMO)

People place too much emphasis on the US government.  Just because they're clinging on to superpower status in the fiat world, doesn't give them superpower status in Bitcoin.  If they hold some of their wealth in wallets where they control the private keys and they start running some nodes, or even start mining, maybe then it's worth caring about what the US government thinks about Bitcoin.  Until then, they aren't part of our system.  They can order companies about and impose taxes on their citizens.  That's nothing to do with Bitcoin, though.  Stop overstating their importance.

https://cointelegraph.com/news/libra-vs-us-congress-all-there-is-to-know-ahead-of-hearings

I think the US government has long been trying to control cryptocurrencies, but since Facebook announced it will issue their cryptocurrency (Libra) the US government is increasingly wary of cryptocurrencies...

I think China has predicted that the US is trying to control the cryptocurrency, so they are issuing their own country's cryptocurrency.

This kind of question does not even need any form of thought before answering because that is the case however, you don't expect government to come in clear terms of what their intention is but with the various controls put in place and compliance that needs to be done if the business want to keep functioning, the outcome is simply control. For Binance to now have a platform to specifically take care of the needs of their clients in the States, it should send a signal that its going to be fully compliant to the rules and regulations of the jurisdiction. So, to people in the States, don't even think of anything under the law with this platform as there will not be anyway to hide. Just be fully transparent and ensure you activities is fully compliant with the law.

US goverment is trying to control everything
Money flows are very important, so, i guess, yes

u. s is a good country and not power hungry when compare to other countries out there .

 they dont want to controll everything and they dont want to controll crypto either   .

 other countries are only pretending to control crypto but that also nearly impossible to happen since cryptos are known to be uncontrolable  , they can only manipulate it and that more possible     .

What United states is  more concerned about is their tax collection, and all the issue that binance had been having with them was strictly because of these, and this is why they have not been having it well with binance because binance had vowed not to expose their system to them generally since they have promised anonymity to an extent, but I guess that binance had to bow to their pressure, and created a separate platform where US citizens can trade and that would be a forum for them to control all the activities of US citizens and be able to tax the.

I don’t see this affect everyone generally but the US citizens alone, although my fear is that they may have influenced other countries also, and you see those countries demanding platform for their own citizens separately.

They cannot control it like the USD, because the latter was their creation and is fiat (meant to be controlled by the government/central bank), whereas the former is a new independent form of money. The article is about a stronger KYC procedure. So the US government wants to know who uses Bitcoin in their country and thus be able to track the transaction, partially knowing the real people behind them. But it's more about Bitcoin used by the US citizens, they probably don't care about anything that does not concern their country.

They cannot control decentralized crypto. The likes of Libra sure, but not Bitcoin. Its not a matter of wanting, they simply can't control it. Regulating it requires cooperation from their fellow citizens, but they cannot stop said citizens from keeping secret wallet/transactions...

Bitcoin is something that happened, in-spite of governments. Some don't know what to do about it, but they cannot make it disappear. I guess regulation is the next best they can do, unless they give up fully and authorize it freely the way it should be.

Its probably just a matter of time... State and Money are no longer the same anymore.

The US government is completely against crypto. Do you know why? The answer is very simple. Crypto is independence against the government and centralized structures. If the US cannot control people, it will lose power and capabilities, and this is unacceptable for them. Therefore, the US regulates crypto so much, especially Bitcoin, which is the most decentralized

Basically there might be a secret the US government is keeping about the cryptocurrency, the president of the united state said, he is not a fan of cryptocurrency that might be a deep word. We all know who they are and what they are doing, they will always find ways to control the cryptocurrency world no matter how long it takes them to get there.

The US government does this latently. To reduce the demand for crypto, such statements appear in the internet and social media
https://thenextweb.com/hardfork/2019/08/22/us-government-knows-youre-buying-opioids-with-bitcoin-and-it-doesnt-like-it/
By creating negative reviews about Bitcoin, the government makes people think that cryptocurrency is a bad.

They might, they may not. But judging from the direction they are coming from, it's possible they might finally control it.
Not only the US government, every state government will want to control Bitcoin in their country if they ever let it function in their state.
And reason is because the government hates what they cannot control especially when it has do with money.

Yeah is very obvious not only want to try, US government want to bitcoin control derictly, example of that coinbase and bittrex are forcing to report all bitcoin or crypto holder using kyc system to the IRS for subject to collect taxes from the crypto user or holder, and US want to implement of full regulation of crypto currency.

This might be a possibility but I think their main reason is because they want their own platform in the US, though maybe that is the only reason. Even that means a lot of US users, that just means US have a lot of users and nothing else. I don't want to relate or connect this to US government, since we are talking about an exchange.

There are possible chances from America and rest of the countries trying to have control on cryptocurrency. For the same they might or might not created some process to be followed. In reality however they follow some guidelines it is impossible to keep the network under their control. Maybe there will be strict regulations on usage.

Understanding the low chance of keeping the network under them, more countries have begun to create their own cryptocurrency. Some have just given the traditional fiat the digital appearance and those are limited for usage within the country. Here the growth factor is the one that makes governments have an eye over it, but they describe to eradicate the usage on terrorism and illegal activities this is been kept under surveillance.

When has the US government not tried to gain control of something? I mean shit sometimes I so much oil on my food the US government might invade. Always sticking their fingers where they do not belong.
It shows they fear us and so they should. This is going to be like a war, the war of the currencies and fiat vs crypto. Eventually, people will have to choose. Use a government-supplied currency or one supplied by a blockchain?

It is very usual for the GOV to try controlling the Crypto, Maximum of them hate the decentralized nature of it and trying to find out a way to possibly control it. the mass adoption of cryptocurrency may bring dispute on the tax system and for the GOVs it's a threat to their economy.

Well, The content of article have nothing to do with US government and their effort to control the crypto. Article only says that Binance is ready to launch in the US market.
In addition, US government cannot control the crypto because it is against crypto`s nature by being decentralised. They can try monitor transaction in order to prevent some fraud but controlling it? I don`t really think so.

Every government around the world not just the US government are trying to control the industry (crypto-industry). What the US government are trying to achieve isn't different from what the South Korea, China government have already achieve; that's having total control over the industry operation in their respective countries.

If they were to succeed then only the centralized project will be regulated (controlled) to suit their tax pyramid scheme. The US government are only affect controlling the industry so they could benefit via tax charges. They're not concerned about the operation of the industry as they have stated that numerous times. Their most recent was President Donald Trum declaration of bitcoin and its like not been recognized as currency.

i hope this doesn't mean bad for crypto enthusiasts

From what I know the U.S. government particularly their SEC is sensitive on businesses, ICOs, and other crypto related businesses that are not registered in the U.S. but still has U.S. clients that is why we have seen Binance backed out from their U.S. operations a few weeks ago. Now they are just re-enteri g the market and maybe they have done that because they already have the proper license for it. The way I see it is they are more concerned on not getying any cuts from the taxes that they can't collect when this kinds of unregistered operations are running.

If you are living in a dictatorship reign then the things you said will be true, what harm can be done through bitcoin, it is a free market and everyone has the opportunity to participate in it irrespective of region and restrictions in trade is not the way to prosper. Every government will place their interest of their citizens even dictators because they do not want any uprising that could potentially overthrow them  :P.

The word every government needs to be watched. Do you know how many government of the world that we have? The fact that America and china are trying to control is not enough to generalize it because as far as I am concerned, my government even knows nothing about cryptocurrency, and they are not even looking at that area for now, it was just the hype of 2017 that made the Central bank come in to usher one few words and ever since then, nothing has been said about it again.

Though we need regulation badly, but I am not happy the way some of these countries like china are going about it, they are all creating their own currency and indirectly running the technology into a centralized one which is far beyond the view of cryptocurrency.

What is on mind of the American governmental institutions about the crypto may know only people who work there. Nobody will announce the truth untill it will be suitable. So it is hard to say what they really want but in my opinion the US Government try to control and even do control already lots of processes and to my mind the crypto is not the exception. may be the do control in not such a way they would like it to be, but of course like other countries they do this.

You got a point there but in my view its too late for the government of the united state of America to gain control over the cryptocurrency industry. They have been hash on the community, hash on their citizens for using cryptocurrency, they don't want to use decentralized exchanges around her territory, these sum up among others will not give them the enably environment to control the industry.
There have been speculations that they are likely to be the inventors of cryptocurrency, but until then, if they aren't the ones then they cannot control the cryptocurrency.

The US government wants to control everything. Or at least they always want to have the largest piece of the pie. Have you not noticed it? They wanted to control cryptocurrency. They wanted to control other countries. They wanted to control the oil in the Middle East. They wanted to control the leaders of sovereign nations. Part of the reason why crypto is rather slow in its growth or adoption is that they are somehow hindering it.

Yes, that is true. That is because the US government think that with all of their power, they can control everything they want. But it is difficult since the cryptocurrency run by itself and cannot be controlled by any government. If they still force what they want, I cannot imagine what will happen to the other big countries because they will not allow the US government to do that.

Tell me one thing that the US is not trying to control in the leadership of Trump .

He literally wanna monopolize everything and maybe make the country monarchy in some years ...don't think about it if you are feeling bad then just do one thing go on his Twitter page and you will be able to know that 99% of times his comments have no basis . 😂

But best thing is ...no one can control Cryptocurrency other than us.

Yelp, it pains Trump like crazy that he can not control crypto that is the reason why he prefers to tweet about it, among all president in each country of the whole world, who is more concerned about crypto to the point of constantly tweeting about it? There, you have your answer  ;D

Absolutely yes, that's another reason why they don't allow cryptocurrency on some countries because they're trying to control it. Well, they don't have such power to control bitcoin for having a decentralized system.

The only solution for them is to ban the crypto in different areas so they can minimize the interruptions in the economy because of the cryptocurrency. I really admire some countries that enable the use of cryptocurrency in their country, especially ours.

- https://satoshi.nakamotoinstitute.org/quotes/government/

"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." - Satoshi Nakamoto - 2008-11-07

You never know ...

- https://en.wikipedia.org/wiki/Crypto_Wars

Always BTCe prepared ...

- https://bitcointalk.org/index.php?topic=5177001.0

This is just the typical action of the government which is to control everything especially in the US country. I think the US real plan was to really destroy bitcoin but it shows that it their not successful despite their many attempts so now they are on their last resort is to be able to at least control it. US is still very powerful so we don't know what will be the outcome.

I agree with everything you say here, no one likes restriction and majority of the government does is to restrict their freedom of choice and hence the hate, the regulation is to protect the common citizen and to put the criminals in jail and if the government is transparent like that i am sure everyone would love to have some regulations in the market  ;). The only protection every investor need is to protect them from scammers and criminals.

If this is the case, then it is indeed the good news we are waiting for. And OP, no institutions will gonna control bitcoin. It was created as decentralized and even governments can not do something about it like US governments are doing with their own fiat USD.

However, binance is having a good job emerging with the US traders with it's new platform. They complied the US regulations to give good services to them.

That's not going to happen. No one can control the cryptocurrency wether if they are institutions or government. However, they are capable of regulating them in which they may handle the information of crypto holder. Through this, they'll be able to monitor if there's any shady activity. This is a good thing to avoid money laundering yet very intimidating at the same time.

there is every possibility that they want to control crypto but the way we are going to handle will not let them have power over it cos crypto is decentralized and will always be but the situation of kyc has almost pull the power of that down but with time we will be good.

I just can't digest the fact that a decentralized cryptocurrency can be controlled according to my opinion the minimum requirement  is to get in contact with the legit developer of the respective cryptocurrency. Taking Binance into consideration it is Chinese origin cryptocurrency trading company whose servers are transferred to Japan after chinese government ban on cryptocurrency trading. I agree the fact that US has a upper hand in controlling the trading (except the dark web btc transaction) but it's not a total control over the currency. I would like to term it as a pseudo control over the currency.

it is very unlikely to happen, given that this crypto has many markets and even though they create a fundamental condition that can worsen the crypto market, still it will only happen in a limited time. If they really want to control crypto, they need to offer it to some big names in crypto and negotiate it.  ;D

That's how the real concept of this system and it shouldn't be bothered by any government rules, but what we are seeing right now is the reality that each govern bodies wanted to have such control with crypto industry. If they can't take that as a whole they will try it harder to implement rulings inside their jurisdiction. US government focused on how they will be able to have enough authorization to make things possible controlling their people who's involves with crypto industry.

One possible way for them to control crypto is to control the news, right now its only them that can spread information. They can limit is also just as they did when google and facebook bann crypto.  They can release negative news also for the price to dip but the ultimate thing they can do it buy BTC probably buy all, I might even believe they backed Craig Wright. But then anyway, US citizen now are allowed to invest thru binance.us, good for them.

I see BTC exchange world going slowly towards the abyss. They chose the path of regulation which is scaring most of the old investors. We can hope that new ones will come, but the feedback that I'm getting from the people that I know and who used to trade Bitcoin is mostly negative. They are forced to do KYC everywhere and sometimes wait for weeks until they're approved on a platform. They're tossed around because something is unreadable or they want a fresh bill not a 3 month old, and so on. KYC is pooping on bitcoin trading volume right now.

they cant totally control the news but they can make false acts about bitcoins and the news can still cover it   . aside from the news , they can also control bitcoin by manipulating its price the only thing that they might consider is that if  it will be effective or not ? since people are already used to the news and on the manipulation .  they can now take control whenever that situation happens 

I every government has its own regulations. In the Binance case, in my opinion the regulation requires that the token traded is a security token to protect the investment of its citizens because the utility token does not have a clear underlying and is more speculative

The governments want to control crypto is because they see the potential to get much money, especially from the exchanges. With a big volume in the daily, the government can add another income to their bank account. But they cannot control it because cryptocurrency is not something that they created and they control it. It is hard to control the crypto unless they created their own crypto and tell their people to use it for their benefits. But their crypto needs to compete with the other coins so they can know how good their coins compare to the other.

I don't think governments care that much about Bitcoin and crypto in general.
The idea behind crypto (BTC) was never about lambos and moons. Personally I don't like lambos which is the only reason I don't own one.

And technically 10% jump over 1 month is a bull run ;)

Educate your self and let money work for you ;)
 

I agree with you. Mass media create FUD which greatly affects people. The government uses all means to prevent people from using crypto, but I wonder if the US will go further? Trump may well prohibit the work of exchanges on the territory of the US and then there will be many problems for US traders and investors, and also Binance will suffer a lot

Ive been always telling this on this forum that even though bitcoin is decetralized but its market still cannot be free from the clutches of the traditional elites. Those who control the US Dollars and forex market have still the control over the cryptocurrency market. If bitcoins value is based on the US dollar exchange rate then those who have huge amount of dollars will have the power to manipulate the value of bitcoin in the market. Nothing changes, the big elites have still the control.