I expect the former Trump Adminstration Treasury Department under Steven Mnuchin to take a stab at such. It won't work but they have
been 'clarifying' regulations for Bitcoin/Cryptocurrency they said since Febuary 2020 this year. I doubt they are gonna NOT put this out before
the Biden Adminstration comes into office. Indeed, the leaving Trump Adminstration is taking great glee in tossing about 'dubious' regulation
changes accross the board to trip up the next adminstration, IMHO.
https://www.nytimes.com/2020/02/12/us/politics/treasury-cryptocurrency.htmlThe 'swiss bank account' crack in the link below sounds indeed like these regulations are going to require you tell a USA exchange your self-hosted
wallets address and/or amounts inside (though it would be easy enough to look) as the CEO of coinbase fears.
https://www.coindesk.com/coinbase-ceo-trump-administration-may-rush-out-burdensome-crypto-wallet-rulesIndeed....it is a concern enough that the below letter was sent by lawmakers to get clarity on these 'regulations' in that they have been done
in secret with no public or congressional input.
https://www.coindesk.com/us-lawmakers-tell-mnuchin-to-back-off-from-potential-crypto-wallet-regsof course if these regulations are true and affect the moving of BTC/Crypto in and out of USA exchanges as an addition to KYC.that simply means
users will simply do KYC on exchanges overseas and/or the exchanges in the USA (as when this happened with China ban on exchanges way back) will
simply pick up and move out of the USA.
Again first comes ATH then comes FOMO and now the powers that be are tossing out FUD to slow down BTC/Crypto adoption. Rinse/Wash/Repeat!
I expect the above regulations coming out sometime before the end of 2020 with the probable start of 1/1/2021 in addition to the 2.6 billion usd
of mt.gox Bitcoin going back to the mt.gox account owners on 12/15/2020 means that the combo will likely slam the Bitcoin price itself down to about
$13K or lower IMHO. If I have the treasury regulations figured correct on this they will wait till after the mt.gox dump of BTC to get the effect they want
of slapping down BTC/Crypto. After that it is up to the Biden Adminstration and to see if big money in BTC/Crypto and exchanges and such can push
back and get these regulations reversed or big money and tradionaly finance will push back more to keep them in place. This is all futile from my
view, in that, BTC/Crypto will bounce back. But it goes to show at every ATH and FOMO afterward there will likely be more of these knee jerk reactions
by countries. This whole decentralized money thing has them scared...and at every ATH and FOMO they are caught off guard and lash back. So it shall
be in the future, again, IMHO. So be aware. My view is 13k Bitcoin if not lower. It all depends on if the mt.gox accounts from back in the day, old HODL'ers
that they may still be, even now, will HODL or will folk simply sell. Bitcoin: Always Drama! (tm BTC)
Brad