Government's actions against crypto

[el kaka22]

Everyone keeps saying that USA government is "attacking" crypto, but aside from a few words by few people, there is no legit action towards crypto as a whole. Sure they are checking into binance.us, but that is a company and you need to remember that a company is not representative of crypto as a while, they did that with USDT which was Tether company, and they did that with XRP as well which is Ripple as a company.

So, if governments start to look into crypto companies a lot more carefully, be happy about it and not sad because that is how it should be. Too many people are acting as if  that is a good or bad thing but the reality is that it should not be a big deal, it is as well as you hope for and should not be considered as a deal breaker, nothing bad will come out of hits.

[Godday]

Some of the rules that have been made regarding cryptocurrencies are to minimize the occurrence of digital crimes. Some governments do not strictly prohibit their people from taking places in cryptocurrencies. They only make a few regulations so that fraud and fraud do not occur in every cryptocurrency transaction. That's what I thought.

[Abiky]

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 US government has been acting aggresively against crypto ever since the FTX collapse took the world by storm. It's not protecting "investors' interests" but rather scaring away exchanges and companies alike. Don't be surprised if other countries start doing the same, especially when they don't want to lose dominance/control over the mainstream economy. On one hand, they're taxing crypto for their own benefit. And on the other hand, they're having a "hostile" attitude against it.

What governments are doing is protecting their own interests. One thing for sure is that CBDCs are right around the corner, so either crypto becomes outlawed by every major country in the world or all the other way around. Who knows if the worst is yet to come? Just my opinion

[Similificator]

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 way I see it, this conflict that you are talking about which has already been happening for years will slowly get better as time passes and mass adoption happens. This industry is already in a state where it would be difficult if not impossible for the other side to entirely suppress it. One way or another, both sides will inevitably have to find ways to coexist since none of the two can really get rid of the other at this point. We all just have to be patient for now and do our part as crypto enthusiasts in our own little ways to use, hold, circulate and spread awareness about this industry so that little by little mass adoption would hasten and may lead to a future that has better conditions for this industry and for us crypto enthusiasts.

[vv181]

If we reflect on the recent regulation climate in the US, it does not look good. Nevertheless, it does not indicate that governments are trying to push away cryptocurrency innovation, they just trying to be more strict about it.

On another hand, other country arises advocated as a crypto hub, such as Dubai and Hongkong. Bybit does move its headquarters into Dubai, and other crypto exchanges taking a look to try establish a presence over there. Hongkong recent announcement also gives companies regulation clarity. One thing for sure, established companies will surely try to adapt to US regulations since the market is massive, yet, they will also try to look for other opportunities overseas to serve their global customer.

[JayTrain]

The relationship between the US government and the cryptocurrency market has been a contentious one, with both sides grappling to find common ground. It is important for both parties to engage in constructive dialogue and collaboration to ensure a positive outcome for all stakeholders involved. Ultimately, the success of the cryptocurrency industry will depend on the ability of regulators.

[The Cryptovator]

To be honest, I dislike the drama surrounding the US stance on crypto. If they are against it, they could simply ban it without all the fuss. However, it seems they are determined to regulate it in order to ensure that taxes are paid. If they truly intended to ban it, they would have plenty of reasons to do so.

[merekamo]

In this case has been to hard predictions ride for the cryptocurrency market, especially with issue of US government's involvement. For me, it feels like this conflict could really make or break the future of many businesses and individuals in the crypto space.

For US government to find a balance between regulating the market and allowing innovation to thrive. It's a tricky situation, you know?

So, if the regulations become too strict or unfavorable, it's possible that these companies might have to either shut down or relocate to another country with more favorable policies. But again, I hope that this issue can be resolved.

[tygeade]

Everyone keeps saying that USA government is "attacking" crypto, but aside from a few words by few people, there is no legit action towards crypto as a whole. Sure they are checking into binance.us, but that is a company and you need to remember that a company is not representative of crypto as a while, they did that with USDT which was Tether company, and they did that with XRP as well which is Ripple as a company.

So, if governments start to look into crypto companies a lot more carefully, be happy about it and not sad because that is how it should be. Too many people are acting as if  that is a good or bad thing but the reality is that it should not be a big deal, it is as well as you hope for and should not be considered as a deal breaker, nothing bad will come out of hits.

Yeah that is called regulation, governments could have regulations regarding crypto and crypto companies and that would be lovely, but there are some nations with that and yet there were people who still stole money from others. Like in my nation there was a guy who opened an exchange and in the end they stole everyone's money and ran away with nearly a billion dollars. That means that we still can have regulations and people stealing. Think about it this way, in the fiat world, could you steal peoples money? Are you allowed? You are not allowed to steal right? And yet there are thieves right? People who still, even though it is illegal.

This means that regulations may change some stuff, but it is not going to make it a lot better, it is just going to make it a bit harder to steal, but there will still be people who do steal anyway.

[Mpamaegbu]

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've got to that point where I don't care so much about governments' attitude towards cryptocurrency because most of them expectedly will want to protect their local currencies against cryptos. China scared me in 2017 with that same attitude. It was my first time witnessing so much bad press against cryptos and it actually did scare me. So many crypto businesses including Binance moved out of China that year because of that. Bitcoin took a beating for that but rose to do an ATH that shook everyone that year. If the US likes, let it become anti-cryptos I don't see it destroying the industry. Of course, it will cause it to dip but certainly it can't cause its end.

[slashz9]

Cryptocurrency has been a topic of interest for governments around the world, and the US government is no exception. The government has taken a range of approaches to regulating cryptocurrency, from creating laws and regulations to implementing enforcement actions against companies and individuals engaging in illegal activities.

[naikturun]

On the other hand, many in the cryptocurrency community argue that excessive regulation could stifle innovation and harm the industry. There are also concerns that stricter regulation in the US could push companies and investors to relocate to more cryptocurrency-friendly countries.

[TheUltraElite]

Cryptocurrency has been a topic of interest for governments around the world, and the US government is no exception. The government has taken a range of approaches to regulating cryptocurrency, from creating laws and regulations to implementing enforcement actions against companies and individuals engaging in illegal activities.

So far it has least involved people who have been using crypto in the legal lines and not for criminal stuff. It is best if it stays this way and other countries also follow suit. We dont want so many crypot users all of a sudden coming to a stalemate and then being unable to use their hard earned money. As we progress in civilization crypto is a game changer and a currency that needs more adoption and acceptance.

Therefore governments will try to allow it with restrictions and gradually change them as per their taxation systems. But we can be hopeful that this will be for the good and not bad, because governments are diplomatic.

[ethereumhunter]

Well, we should just wait for the decision after the US government's decision to see how the crypto market will react. And if the crypto market is affected by the decision that the US government will take, it will not last long because, after all, the crypto market will surely rise again and even increase very high. The crypto market does not depend on the US government but can indeed be affected by decisions or policies issued by the governments of many countries. And let's hope it doesn't impact the crypto market too much.

[judaspriest]

On the other hand, many in the cryptocurrency community argue that excessive regulation could stifle innovation and harm the industry. There are also concerns that stricter regulation in the US could push companies and investors to relocate to more cryptocurrency-friendly countries.

I think it's only natural that many are worried about these possibilities,
hopefully the development of crypto will not be hampered and will continue well,
we'll see what the future will be like.

[Huppercase]

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 US has not been crypto friendly with crypto projects, and the SEC has always used consumer and customer protection as a shield to milk these crypto projects with fines, and because these projects and teams come from the US, they have no choice but to adhere and dance to their music, even Coinbase plans to leave the US very soon if the SEC continues to push them to the wall.

I think US is over reacting to crypto sanctions but crypto doesn't start in the US and doesn't end in the US, they should move to countries like Dubai and other crypto friendly countries that allow them do their things to better the financial lives of people, it is possible that they may even pay lower taxes other countries than what they give to US.

[BADecker]

The conflict is NOT between government and crypto. The conflict is and always has been between a few government leaders (people) and crypto users (other people).

Both groups of people are looking for ways to make money. Crypto people are using freedom to use crypto to make money. Government leaders are using government writings to make money by stealing it from crypto users, and to make money through all kinds of regulations in everything.

In the US, the one place to go where government doesn't have any control is the Private Member Association (PMA). Google it. Then...

Make a cryptocurrency that is entirely outside of government control because it is completely private... just like private drinking clubs, and smoking clubs, and nudist camps, and any other organization that is done privately.

Peruse the whole thread, "Getting Rid of the One, Major, Cryptocurrency Problem Remaining" - https://bitcointalk.org/index.php?topic=5450555.0.

[Anguwa]

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 has been an outstanding problem that I feel has affected Bitcoin price growth since last year. But some cryptocurrency related companies that are strong enough are withstanding it while some are going down due to their weakness, but I hope this end soon so that it will not affect Bitcoin price growth during halving.

[FahriZah]

Government not handling crypto and crypto is one of the best powerful cyrrency if government try to go Against crypto i think no problems to pumping and bull market as well always.

[southerngentuk]

Decentralization and a lack of government control are seen as threats to some authorities, who may fear losing control over their citizens or losing the ability to monitor transactions in finance. Efforts to stifle the growth of cryptocurrencies may not necessarily be successful in the long run. As cryptocurrencies continue to gain popularity and wider adoption, it is possible that governments and regulators will need to find ways to work with these technologies instead of trying to stop them.