Is the US Government Trying To Control Crypto?

[Mulann2]

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 

[finaleshot2016]

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.

[BitcoinFX]

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

[The Cryptologist]

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.

[7788bitcoin]

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"

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.

[maxreish]

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.

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.

[Blackdeath]

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/

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.

[Miklight88]

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.

[Frost149.6]

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.

[b3llsf1l3s]

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. 

[matchi2011]

I don't give a chance for any country to take control of any cryptocurrencies. Some people don't want to understand that cryptos have a completely different system. It is DECENTRALIZED. It is not bound to any country or a person or a group.

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.

[enhu]

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.

[coolcoinz]

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.

[imstillthebest]

One possible way for them to control crypto is to control the news,

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 

[Bitfling]

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/

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

[ethereumhunter]

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.

[killat]

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
 

[boris2470]

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 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

[Mandoy]

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.