Government's actions against crypto

[Questat]

Cause crypto means less money in their greedy pockets. They would not have any issue with crypto if they already controlled and regulated it. Governments rule on credit -> Banks give credit -> Banks against crypto.

Exactly. That's the plan. Regulate and control crypto to limit its ability to cripple Fiat currencies in the future. This way, both governments and central banks win. Crypto will stay decentralized, but it will never be able to replace Fiat. The majority doesn't care as they're only into crypto because of the money. Not because they believe in it.

At least, we know crypto can't be stopped no matter what. This is only the beginning, so hold on tight as this is going to be a wild ride. Who knows if getting in early would make you filthy rich in the future? Just my thoughts

I know it was not the government that hates crypto but those greedy and corrupt people that are in the position as they can no longer get any benefits from crypto holders. But yes, no matter what they do, it can never stop crypto nor it will discourage people not to invest in crypto as indeed they need freedom.

I think the government should give up on hunting crypto instead, help it grow, and support the wants of the people. Maybe this would be the best way to help their countrymen to live comfortably and increase financial stability.

[terencio]

This is a very tense situation for the crypto industry and its supporters. I hope the US government will be reasonable and fair in regulating this new technology, and not stifle innovation and freedom.

[fzkto]

Cause crypto means less money in their greedy pockets. They would not have any issue with crypto if they already controlled and regulated it. Governments rule on credit -> Banks give credit -> Banks against crypto.

Exactly. That's the plan. Regulate and control crypto to limit its ability to cripple Fiat currencies in the future. This way, both governments and central banks win. Crypto will stay decentralized, but it will never be able to replace Fiat. The majority doesn't care as they're only into crypto because of the money. Not because they believe in it.

At least, we know crypto can't be stopped no matter what. This is only the beginning, so hold on tight as this is going to be a wild ride. Who knows if getting in early would make you filthy rich in the future? Just my thoughts

I know it was not the government that hates crypto but those greedy and corrupt people that are in the position as they can no longer get any benefits from crypto holders. But yes, no matter what they do, it can never stop crypto nor it will discourage people not to invest in crypto as indeed they need freedom.

I think the government should give up on hunting crypto instead, help it grow, and support the wants of the people. Maybe this would be the best way to help their countrymen to live comfortably and increase financial stability.

The government will not try to make people's lives more comfortable and financially educated or independent. The government exists at the expense of the citizens and tries to regulate them. Cryptocurrencies give people freedom and, in a sense, financial independence, which is contrary to the principles of the government. Especially since CBDC technology will be introduced in the near future. Probably the pressure on cryptocurrencies will only increase.

[yohananaomi]

This is a very tense situation for the crypto industry and its supporters. I hope the US government will be reasonable and fair in regulating this new technology, and not stifle innovation and freedom.

indeed there will always be a dilemma when the government intervenes too much in the crypto industry if previously it has provided freedom. although maybe this could be for the government's goal of getting something it wants but has not yet fulfilled, by wanting to regulate all these technological developments, it is certain that excessive intervention will result in resistance which can also be detrimental.

[yhiaali3]

Because of the US government's war on crypto, many companies will be forced to leave the United States, many of which are heading to the Emirates.

In my opinion this is much better for Crypto. We want to get rid of the control of the dollar and the control of the US government.

[Hypnosis00]

This is a very tense situation for the crypto industry and its supporters. I hope the US government will be reasonable and fair in regulating this new technology, and not stifle innovation and freedom.

indeed there will always be a dilemma when the government intervenes too much in the crypto industry if previously it has provided freedom. although maybe this could be for the government's goal of getting something it wants but has not yet fulfilled, by wanting to regulate all these technological developments, it is certain that excessive intervention will result in resistance which can also be detrimental.

I think they don't want to intervene in the growth of the crypto industry but for them is to control it so they can generate income from every holder and investor. But they fail to do it (maybe for now) but their battle continues until they'll get what they wanted to happen. Gonna expect the worse? that seems impossible of they are desperate enough to use their power in order for the community to agree with it.

In fact, they are implementing strict rules and regulations in some countries and we already see some people suffering KYC mandatory.

[Fredomago]

This is a very tense situation for the crypto industry and its supporters. I hope the US government will be reasonable and fair in regulating this new technology, and not stifle innovation and freedom.

indeed there will always be a dilemma when the government intervenes too much in the crypto industry if previously it has provided freedom. although maybe this could be for the government's goal of getting something it wants but has not yet fulfilled, by wanting to regulate all these technological developments, it is certain that excessive intervention will result in resistance which can also be detrimental.

I think they don't want to intervene in the growth of the crypto industry but for them is to control it so they can generate income from every holder and investor. But they fail to do it (maybe for now) but their battle continues until they'll get what they wanted to happen. Gonna expect the worse? that seems impossible of they are desperate enough to use their power in order for the community to agree with it.

In fact, they are implementing strict rules and regulations in some countries and we already see some people suffering KYC mandatory.

Yeah, I agree with the way they are trying to make money out of this market. They are not willing to let their citizens simply earn without paying any responsibility. I mean taxes. They don't want to allow that to happen. They will do everything in their power to make sure that they will get the share from those who are earning from this form of investment.

Governments always find ways. If they fail once, they will not stop till they get what they want.

[judaspriest]

This is a very tense situation for the crypto industry and its supporters. I hope the US government will be reasonable and fair in regulating this new technology, and not stifle innovation and freedom.

indeed there will always be a dilemma when the government intervenes too much in the crypto industry if previously it has provided freedom. although maybe this could be for the government's goal of getting something it wants but has not yet fulfilled, by wanting to regulate all these technological developments, it is certain that excessive intervention will result in resistance which can also be detrimental.

Not all governments do things like that, big countries like China and Russia now know that the benefits of Bitcoin for government are enormous,
even these two countries have legalized crypto currency, it's just that the US still can't legalize it, maybe because of the SEC,
I don't know for sure Bitcoin will be the future money of the world.

[Doan9269]

its been since day one the governance always fight against crypto and they never won. they only will always scared people and holding new comers to come in to crypto world. but every cycle they will lose again. watch and screen shoot this. another thing i understand now is " this is why satoshi nakamoto hiding. look at BNB dump when binance and CZ sued by SEC.

The fight between government and cryptocurrency may not end just as you've said because there are alot of crypto projects disgusting to the eye taking away people's investment which is very discouraging, this alone is what government can use as a strong point against cryptocurrency to always keep to tackling it, but I don't see these ending soon as long as there will always be newly introduced cryptocurrencies then the government will always keep to attack the digital technology since it is not their own CBDC.

[glendall]

The government will not try to make people's lives more comfortable and financially educated or independent. The government exists at the expense of the citizens and tries to regulate them. Cryptocurrencies give people freedom and, in a sense, financial independence, which is contrary to the principles of the government. Especially since CBDC technology will be introduced in the near future. Probably the pressure on cryptocurrencies will only increase.

true, the government was only concerned with the people who were in power at that time, with policies that were sometimes not in accordance with the state of society so that it was too burdensome for the people,
here crypto can help people improve financially but who knows how long?
because I'm afraid that crypto will lead to a monopoly on whales, small crypto owners will only be spectators like fiat

[DeathAngel]

It’s a bit like the Gold Reserve Act of 1934, the US banned all citizens from owning gold. We’re not at a crypto banning stage at the moment but the US is starting to become hostile. They can’t stop bitcoin though & I think that’s why they didn’t come for it, they only came for securities. To try & ban bitcoin would make them look weak because they can’t do it. Bitcoin & many other coins will continue to flourish despite the US authorities best efforts to stifle innovation.

[darewaller]

I think they don't want to intervene in the growth of the crypto industry but for them is to control it so they can generate income from every holder and investor. But they fail to do it (maybe for now) but their battle continues until they'll get what they wanted to happen. Gonna expect the worse? that seems impossible of they are desperate enough to use their power in order for the community to agree with it.

In fact, they are implementing strict rules and regulations in some countries and we already see some people suffering KYC mandatory.

I think the Governments being involved in cryptocurrencies and trying to make some changes was still a form of intervention. We crypto users never demands them to control it but we are already happy and contented on what currently crypto is offering to us. You are also wrong, when you say that; they join here only to get a cut or to earn a profit from the crypto users. They did exchanged it with a service. They can give us some kind of a protection from those cyber criminals.

If the Governments forced us, well what can we do? Nothing, but it's better to follow them than to make them more angry and decide to ban crypto. I guess that is more worse?

[Abiky]

It’s a bit like the Gold Reserve Act of 1934, the US banned all citizens from owning gold. We’re not at a crypto banning stage at the moment but the US is starting to become hostile. They can’t stop bitcoin though & I think that’s why they didn’t come for it, they only came for securities. To try & ban bitcoin would make them look weak because they can’t do it. Bitcoin & many other coins will continue to flourish despite the US authorities best efforts to stifle innovation.

They should've "banned" crypto within the early days. At least, when BTC had a smaller community behind it. Now it's too late to do anything about it. Either governments embrace crypto or be left behind in the dust. You can bet there will be strong opposition against banning all citizens from owning cryptocurrencies. That's because there's a lot of money invested in this industry.

Some politicians are even in the game, so it's safe to say crypto will be here to stay no matter what. That is if the community is able to protect decentralization and censorship-resistance. The moment BTC becomes centralized, will be the beginning of the end for the crypto/Blockchain industry. Who knows what will happen in the future? Just my opinion

[cheezcarls]

Oh well this is just another one of those big FUD days you know? Good time to short and buy low when you are doing DCA with BTC or ETH.

Let them be. Maybe we’re still in a big storm but it will come to pass. If the US are so strict regarding crypto, then Asia is wide open and the US SEC has nothing to do about it nor having the jurisdiction to stop these companies from operating elsewhere. 

Or maybe the US SEC boys out there are just doing it on purpose to manipulate the market and buy when the everything calms down. Hmmmm……

[Ngemmeng]

Not all governments do things like that, big countries like China and Russia now know that the benefits of Bitcoin for government are enormous,
even these two countries have legalized crypto currency, it's just that the US still can't legalize it, maybe because of the SEC,
I don't know for sure Bitcoin will be the future money of the world.

So where can I find news that contains China and Russia legalizing bitcoin?
Bitcoin to be the world's future currency? i think it's impossible. The 3 big countries you mentioned namely America, Russia and China will never let this happen. America wants the USD to remain the strongest currency but Russia, China and 3 other countries that are members of the BRICH want to create a counter currency for the USD.

[TastyChillySauce00]

Because of the US government's war on crypto, many companies will be forced to leave the United States, many of which are heading to the Emirates.

In my opinion this is much better for Crypto. We want to get rid of the control of the dollar and the control of the US government.

I consider US as crypto house. Leaving from US meant leaving from billions dollars of money. that's bad for US. Even thought there are pros and cons about the allegations from SEC but to be honest if most of companies in crypto were unregistered companies.

that's the truth

[Rupok]

This is not a new news, we have been noticing this news for a long time.  Such news about Bitcoin will continue.  Every country has been criticizing Bitcoin for a long time.  I think the US government wants to fully control the crypto market, but unfortunately the government can never fully control the crypto market.  Cryptocurrencies are illegal in the country where I live too but that doesn't matter, also many people are using it and I am using myself.  Apart from this, it is valid in different countries.  Not only the US government, but many other countries are also speaking out against Bitcoin. However, I think the US government's relationship with the cryptocurrency market has become complicated and they are more concerned about cryptocurrency since many government actions and comments have affected the sector.

[uneng]

Oh well this is just another one of those big FUD days you know? Good time to short and buy low when you are doing DCA with BTC or ETH.

Let them be. Maybe we’re still in a big storm but it will come to pass. If the US are so strict regarding crypto, then Asia is wide open and the US SEC has nothing to do about it nor having the jurisdiction to stop these companies from operating elsewhere. 

Or maybe the US SEC boys out there are just doing it on purpose to manipulate the market and buy when the everything calms down. Hmmmm……

The crusade against crypto is really happening by regulators, and that is spreading a lot of fear, doubt and uncertainty among investors. But as you said, it's just another opportunity to buy cheap BTC and I still hope prices crash more yet before they start rising again in crypto market.

Who knows if it's the last opportunity we have before the big bullish run which may start next. When there are several attempts to crash prices and spread negativity about cryptocurrencies in short time-frames, I smell something good is about to happen, because where some see a crisis, speculators see profit opportunities... It has been like this since the beginning in this industry.

[Abiky]

Oh well this is just another one of those big FUD days you know? Good time to short and buy low when you are doing DCA with BTC or ETH.

Let them be. Maybe we’re still in a big storm but it will come to pass. If the US are so strict regarding crypto, then Asia is wide open and the US SEC has nothing to do about it nor having the jurisdiction to stop these companies from operating elsewhere. 

Or maybe the US SEC boys out there are just doing it on purpose to manipulate the market and buy when the everything calms down. Hmmmm……

It may be nothing more than just drama to keep away as much people from crypto as possible. I bet the US and other countries are secretly buying, while they criticize the industry in public. We should not be fooled by governments' propaganda against crypto by doing our own research about it. This is the future of money, even though things seem bleak right now. By buying crypto, you're essentially buying a piece of freedom.

In the worst case scenario when most (if not all) of the world's governments ban crypto, we could use other methods to gain access to it. That's thanks to the decentralized nature of crypto/Blockchain tech. Projects that are centralized will ultimately die, as they will be unable to resist government oppression. Who knows where the future will lead us? Just my thoughts

[Natalim]

Oh well this is just another one of those big FUD days you know? Good time to short and buy low when you are doing DCA with BTC or ETH.

Let them be. Maybe we’re still in a big storm but it will come to pass. If the US are so strict regarding crypto, then Asia is wide open and the US SEC has nothing to do about it nor having the jurisdiction to stop these companies from operating elsewhere. 

Or maybe the US SEC boys out there are just doing it on purpose to manipulate the market and buy when the everything calms down. Hmmmm……

The crusade against crypto is really happening by regulators, and that is spreading a lot of fear, doubt and uncertainty among investors. But as you said, it's just another opportunity to buy cheap BTC and I still hope prices crash more yet before they start rising again in crypto market.

Who knows if it's the last opportunity we have before the big bullish run which may start next. When there are several attempts to crash prices and spread negativity about cryptocurrencies in short time-frames, I smell something good is about to happen, because where some see a crisis, speculators see profit opportunities... It has been like this since the beginning in this industry.

We are not sure yet but can't neglect such speculation knowing that manipulators will find their way to take advantage of the situation as when FUDs and Uncertainly spread it drives the market trend to decline and then buy more Bitcoin. And I believe in such possibilities because that is what we experience in the past market correction before the bull season comes and it is possible to happen again. And this market drama seems getting wild and more of these things to hear for sure once the bull season is coming.