I hope democrats and Joe Biden are reading this news. Recognizing the SEC must legalize cryptocurrency based ETFs and mutual funds the way germany is doing. To give americans access to the same financial opportunities and investments that germans enjoy.
The point here is that certain funds can invest in cryptocurrencies, this is not about some right of ordinary citizens regarding such an investment - they have such opportunities from before. Besides, why would the US follow anyone's example, because it's usually just the opposite - and it's hard to expect the US to pass a law that the crypto tax is 0% after one year of investment as it is supposed to be in Germany.
It is a strange thing when america the "land of the free, and home of the brave" is more restrictive towards crypto than europe, asia, australia and the rest of the civilized world.
Words are one thing and reality is quite another - do you still believe that there is some truth in all this? Every powerful country wants to control its finances, because they are key to everything else - and as an EU resident, I can tell you that there are a lot of illogicalities I see regarding cryptocurrencies - every country has different rules.
Even 3rd world countries have better regulation of crypto than most of the USA currently does. Then again 3rd world countries have better access to affordable healthcare. And so perhaps there is some semblance of consistency present.
But the US has Coinbase, Grayscale, Square, MicroStrategy, Tesla, and many other companies that are extremely important for Bitcoin - and the largest crypto ATM network in the world. Of course, things might be more favorable for the average Joe, but maybe something will change on that in the future.
