What happen if US ban cryptocurrencies?

[Handsome Boy]

Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.

if USA ban cryptocurrency, then of course cryptocurrency investors will decrease, because as we know if one of the largest cryptocurrency investors is USA, then of course it will make the price of cryptocurrency will go down, besides that the market cap and volume of cryptocurrency will also go down, so that not very good for the future growth of cryptocurrency if USA ban cryptocurrency.

[ranaprime]

Nothing will happen in crypto currency but price may go down for some times. In this world most of the countries are not allowed crypto but crypto is running smoothly in the world. Government can just restrict but not ban.

[wmaurik]

Such a situation would be a great destruction for cryptocurrencies. and there will be huge losses in terms of price and confidence in this market ends. But I don't think the US will impose such a ban.

The US also wants to profit from this cryptocurrency, because I have also never come across a country that refuses money or the benefits they can get in various ways or other reasons, so this really doesn't need to be discussed at length, because the conclusion is very clear.

[Chathusand]

I believe the United States both supports and opposes Bitcoin. Supporting Bitcoin has a number of advantages, but it also raises concerns about its future development. Unable to maintain control. If the US decides to prohibit Bitcoin, the market will undoubtedly be extremely volatile, and it is possible that it will not survive.

[brooksby]

Such a situation would be a great destruction for cryptocurrencies. and there will be huge losses in terms of price and confidence in this market ends. But I don't think the US will impose such a ban.

The US also wants to profit from this cryptocurrency, because I have also never come across a country that refuses money or the benefits they can get in various ways or other reasons, so this really doesn't need to be discussed at length, because the conclusion is very clear.

Don't underestimate Biden though. He is not quite the type who would welcome cryptocurrencies to be broadly used within his country. Anything that may undermine the USD power is bad for him politically. The advantages the US have are impressive only because the USD is the world reserve currency. The question will more be why he is still waiting. If Amazon and Walmart accept it, what is he going to do? Wait until that happens and then prohibit the companies from accepting it? If he did that publicly, the market will move down harshly I would expect. He probably places some shorts before that! 

[Kayum10029]

Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.

price drops still occur, but I'm sure there will be a country that can be a big influence for crypto. I think if there is one country that really becomes the influence of crypto prices, it will recover even though it can't recover quickly and slowly

The USA occasionally makes announcements that they have declared cryptocurrency illegal. But in reality the US will never make such a decision because the role of the US in cryptocurrency is significant. If such a decision is taken suddenly in cryptocurrency, there will be a huge change in the market.

[bct-user]

I guess US won't ban crypto as long as it can bring advantage for their economic sector and for US citizen income. In fact, Bitcoin ATMs are mostly located in US, which means the government supports the development of crypto in that country. Moreover, the crypto business seems dominated by people from US right now. It indicates that crypto is already a part of an important business field in US.

[harapan]

Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.

I'm not sure US will ban cryptocurrency, cause a major percentage of their citizens are fully invested in the crypto space, even their government don't have enough reasons to place a ban on cryptocurrency that's why they haven't done it, for now they are thinking of regulating crypto which is actually impossible since crypto is decentralized and can't be regulated by anyone, but if USA were to ban cryptocurrencies, it would be disastrous cause the price of bitcoin and the entire crypto market will dump badly, I just hope that day doesn't come.

[Snappycoco]

Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.

It would really crash the market. I fear that day would come and all our investments would be gone in just an instant. However, I think there's just a limit up to where the effect would become. Nonetheless, US is historically proven to regulate things not ban it. So it's most likely not going to happen anytime soon.

[guydin]

Just today I listened to a lecture on macroeconomics and the lecturer said that the USA can't ban crypto as it is the future of their state debt. Euro-dollar system is in decline, China makes Bitcoin reserve currency. It is difficult to understand if you are not good at economics, moreover, I haven’t completely understood it yet, but the thing is that the USA is unlikely to ban crypro, so calm down.

[777Jolami]

I don't think the US doesn't have any reason to ban bitcoin.  While they have invested in infrastructure like ATMs in most states, they have also opened their doors to some of the major bitcoin miners that moved in after the incident with China.  They can bring bitcoin and crypto into the legal framework but will not ban bitcoin.  They will accept bitcoin ETF sooner it's only a matter of time i guess

[jack wira]

In my opinion, it is a necessity if the US will ban cryptocurrencies, because what I know they (the US) are countries that have the largest financial turnover through cryptocurrencies for income gains for companies there, more so those who have business ties to the country.  they(as).  And even if the US really prohibits crypto there, of course this will have a bad effect for stock investors in cryptocurrencies, because the price will fall, bro.

[brooksby]

I don't think the US doesn't have any reason to ban bitcoin.  While they have invested in infrastructure like ATMs in most states, they have also opened their doors to some of the major bitcoin miners that moved in after the incident with China.  They can bring bitcoin and crypto into the legal framework but will not ban bitcoin.  They will accept bitcoin ETF sooner it's only a matter of time i guess

They do have reasons to ban it, that is out of the question. But do they have more reasons and better reasons to not ban it? The jury to that question is still out and it will a lot depend on congress members, whether they are pro crypto and themselves involved and how strong and profound there lobbyism activities are.