Are they suppressing Bitcoin and crypto too much? I don't really think so tbh. They just don't give green signal for some specific issues like ETF, ICO and so on. I think they need to be clear about that but we can't force them. Even if US don't take a good stance towards crypto we have other countries that can do that like Europe countries.
Exactly. I don't actually think that the US is that negative in terms of their attitude towards bitcoin regulation.
I mean, their stance is still a lot better than what some countries such as India has done, which is essentially restrict access of bitcoin and also bitcoin related services. Are they doing the best job possible in terms of actually giving incentives for new startups to come up in their country though? Probably not, especially when you look at countries like Malta who seem to be proactively doing this.
The fact is that there will always be a conflict of interest between banks and bitcoin, and the government sometimes has to protect their banking industry and take the stance based on their liking. It's not just the US regulators either - it's regulators everywhere.
