Government's actions against crypto

[Sidra101]

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

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[Freddie Boyer]

I think it's also another attempt to find common ground between government and industry, such as pro-crypto laws in certain states and regulatory guidelines from the SEC and While it's true that there are risks associated with crypto, it's worth noting that the industry has taken steps to steps to address this risk, such as implementing KYC and AML protocols.

I don't think we should worry about that situation, but it's important to remember that investing always carries some level of risk. While government actions may impact the market, it is also possible that the market will recover and continue to grow over time. It may be a good idea to consider diversifying your investments and staying up to date on any developments in the industry.

[kizlod]

Well, let them shut down, let them crash, and from the ashes crypto market will stand up and become stronger. There are a lot of pointless and unnecessary products, and only the strongest will survive. But I think you might be overestimating US power a bit. We'll see.

[Yogee]

[...]and it seems like they're headed towards a very important conflict.

It's been happening for the last couple of years with SEC suing a lot of crypto companies. Conflict arise mainly from regulatory uncertainties which is brought by unclear policies. Companies are confused and it seems Coinbase got tired of this so they sued the US SEC. I don't know if that will go far but I like what they did. I think it will be significant in creating future crypto-related rules and regulations.

[Apocollapse]

This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

You forgot about another one choice which mostly company involved with cryptocurrency will do when this matter happen, they will choose to not involved with cryptocurrency anymore. Why should a company choose to shut down when they had built it for many years? move to a different country isn't simple as you saying.

Government's only take action against of privacy oriented crypto, so for ETH, BNB, USDT which is centralized coin, they can cooperate with government and choose to follow the government's regulation.

[yazher]

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

This is because they cannot fully control the crypto market and also there are some people who want crypto to disappear because their businesses are getting affected especially the banks. since the emergence of the crypto industry, their business has gone downhill and some of them as you can see from the news today are falling and they are not just small banks but one of the top in the country. Therefore, the remaining ones are keeping their hostility until they no longer have this problem but they won't gonna succeed because their days are now finally over.

[Jackl87]

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

It is pretty obvious why the governments and authorities of the world are so negative against cryptocurrencies as a whole in most cases. Cryptocurrencies were invented to give people a payment method, that has no middlemen or banks involved in a normal payment and that can not be controlled or seized by any government. Obviously the the authorities does not want something like that they want control over their people. That is why they are trying to hinder the growth of cryptos as much as possible.
So far though i think that the more the governments have tried to hold crypto back the more crypto as a whole has grown. So i am not worried about sanctions and stuff like that.

[jossiel]

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

You're talking about them against those countries that are also having war like Russia and China?

If so, it's true that it's gonna determine a lot of people's lives and fate but then, with crypto. I don't think that there's should be any relation to it but because somehow world events have seen to be giving a factor and movement to the crypto market.

Then, that's the indirect hit that it's going to have by then based on the US' government actions.

[hamba laeh]

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

the government just wants to find loopholes to be able to take big profits from cryptocurrency companies so that the government will make regulations that want to harm crypto companies. but I'm sure the management of crypto companies already have a solution for every government action against them and they already know this risk. and incidents like this have often occurred in several large countries such as China. so there's nothing to worry about because everything will be fine.

[Cling18]

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed toward a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

the government just wants to find loopholes to be able to take big profits from cryptocurrency companies so that the government will make regulations that want to harm crypto companies. but I'm sure the management of crypto companies already has a solution for every government action against them and they already know this risk. and incidents like this have often occurred in several large countries such as China. so there's nothing to worry about because everything will be fine.

The government has always been against crypto activities simply because its decentralization can't pursue the regulations that they want towards it. The government are fully aware of how profitable cryptocurrency is and looking for loopholes to attack it has always been their strategy to make money out of crypto companies. Taxation has also been their main goal to regulate over cryptocurrency users. These things have always been the things that users have to bear with because we can't always expect support from the government.

[o48o]

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

I have been looking at this closely with great interest. And frankly i am surprised that heat on this didn't happen sooner. There are people in crypto world saying that law makers doesn't understand crypto and that's why they hate it. But i see it as an opposite, anyone with a brain sees that it's a direct threat against government money and they have to move to move towards more auditable system. I am not saying it's a threat because it would replace fiat money, it's a threat because when wealth isn't in control of countries, it can't be seized and they are afraid that it would become a way to launder huge sums of money.

Luckily there are options that could suit governments as well but for some reason they haven't been expoited yet. And there are more then one voice in regulators so we don't yet know what road they will ultimately take.

Ban of fiat/crypto pairs in west would be disasterous however.

[poodle63]

There are still many countries that are friendly with crypto. As far as i know if USA is far better compared with china or rusia in term of giving crypto some spaces to be developed. As long as you can agree with their regulations and it's fine for you to build your crypto company in their territory.
That's the main point. The only problem if US regulartors are still trying to build the regulation bodies to be implemented for crypto soon.

[AmoreJaz]

There are still many countries that are friendly with crypto. As far as i know if USA is far better compared with china or rusia in term of giving crypto some spaces to be developed. As long as you can agree with their regulations and it's fine for you to build your crypto company in their territory.
That's the main point. The only problem if US regulartors are still trying to build the regulation bodies to be implemented for crypto soon.

and do remember, when china banned crypto, the market continue to survive. so far, we have seen that any country, big or small economy will not be the reason for crypto to disappear. there will be more countries that are crypto friendly and willing to stake in this market. and besides, it may only take regulation not total ban of crypto market.so for me, regulation may also have positive side when it comes to adoption as people will trust more on this market. some are avoiding this market because of so many scammers on the loose.

[passwordnow]

There are still many countries that are friendly with crypto. As far as i know if USA is far better compared with china or rusia in term of giving crypto some spaces to be developed.

The USA is just strict but you've said is a fact that the latter countries are stricter than the USA. Still, there are the people that have been doing things on their own hiding in their government related to crypto.

As long as you can agree with their regulations and it's fine for you to build your crypto company in their territory.
That's the main point. The only problem if US regulartors are still trying to build the regulation bodies to be implemented for crypto soon.

And with those that I've been reading, they're going to tax it a lot. India is like 28% or more than that. To think of those percentages, it will literally make you think if you want to take those profits while them are just waiting for it for every individual who's gonna take profits.

[Husires]

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

Hence, the power of cryptocurrencies enables that it is decentralized and cannot be stopped due to regulatory pressures from a country, even if that country is the United States, and the markets began to interact positively with any news related to tightening regulatory restrictions, although they had reacted negatively to such news in the past.

But not all cryptocurrencies are unaffected by the US decisions:

• Stablecoins: USDTeller and BUSD are both directly affected by the regulation.
• Ripple: One lawsuit caused a significant change in the price of the coin.

We conclude that decentralized cryptocurrencies are the only ones that are not negatively affected by regulations.

[huu78]

The relationship between the US government and the cryptocurrency market has been a complex and evolving one, with both parties often taking conflicting stances on the issue. In recent years, the US government has taken a number of steps to regulate the cryptocurrency market, including the introduction of the Anti-Money Laundering Act of 2020.

[Silberman]

Well, let them shut down, let them crash, and from the ashes crypto market will stand up and become stronger. There are a lot of pointless and unnecessary products, and only the strongest will survive. But I think you might be overestimating US power a bit. We'll see.

I agree with this, no government can shut down bitcoin because if they could do it they would have done it already, this means that they can only go against centralized services, and while the disappearance of some of those services can have a great effect on the market, especially if they were the leaders of their particular industries, at the end those services will simply be replaced by other centralized services or in the best case scenario they could be replaced by a decentralized option, making this market stronger and more difficult to deal with.

[BobK71]

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

When US regulators get into trouble with crypto, they resort to various lawsuits for regulation. A lot of cases have been seen in the last few years. Due to this case, some good projects are facing various negative effects. I think the main problem here is that people don't like to keep their money in banks anymore. And when money is being withdrawal from the bank, the bank collapses in uncertainty, which they see as a major threat of their country. They are trying to regulate crypto by filing various lawsuits which will never succeed.

[Dave1]

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

Yes, and they are driving away not just exchanges like Coinbase and others, but maybe good lead developers too and the technology itself. They also said that they are going to imposed 30% of bitcoin mining, and I think that is huge already for miners.

So don't be surprised if exchanges are going to move away from US, just like in the thread that I open here, Robert Kennedy Jr on the subjecdt of bitcoin, mining etc..

[siniminomorocomunisakito]

There are still many countries that are friendly with crypto. As far as i know if USA is far better compared with china or rusia in term of giving crypto some spaces to be developed. As long as you can agree with their regulations and it's fine for you to build your crypto company in their territory.
That's the main point. The only problem if US regulartors are still trying to build the regulation bodies to be implemented for crypto soon.

Yes, although each different venue has a different perspective and approach to crypto, and this can create a fragmented regulatory landscape. I personally see The success of the crypto industry will depend on finding the right balance between innovation and regulation, I mean the government is not undermining the potential benefits of crypto through overly strict policies to bring about positive change and continuing to push for more inclusive regulation and framework going forward.