Government's actions against crypto

[Rampagoe004]

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.

More precisely, it is an agency within the government that fights cryptocurrencies. As has been the case with the SEC in recent weeks. I have read several articles saying that the SEC has won against Binance so Binance should get out of America. It dealt a huge blow to us. I hope Binance can recover so that the market can return to normal.

[blackened515]

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.

Cryptocurrency is a big threat to some government budgets, they out rule the regulations and functions of Cryptocurrency for reasons best known to them. How would a government imposed strict rules on Cryptocurrency simply because it's citizens are acquainted with the entire crypto space and they're making cool money from it. The US government, and other countries prohibits Cryptocurrency, the whole idea is just terrible, for those working from the comfort of their home just been online, Wil starts finding difficulties in their perspective areas

[Fatunad]

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.

There's always those manipulators on which it would really be that impossible that there would be no one would really be taking up some advantage via making these kind of actions which it would really be resulting into some market some significant effect basing up on what they do plan. We know that government does really love to involved on things and they do really love on being that one step ahead as always. Its never been that so shocking with this kind of situation because we dont know on what are those intentions behind of those decisions had been made. Going against? not that shocking because we know that crypto
do make out that anonymous transactions and something that cant really be taxed and this is why they do really hate it up.Although there are some places on the world on having those recognitions
about this.

[Magic-Money]

Cryptocurrency has been a Big trait to government, for them to have control over it, but crypto trading and investment is designed beyond anyone to control it, accept the News impact that makes it the move up or down, in the sense of the volatile of the market, in other words government can not stop cryptocurrency, as long the internet exist and Bitcoin and other alt-coins has been created to solve problem in the financial sectors. Rather government has nothing but to implement tasks giving to cryptocurrency users.

[ibuddy122505]

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.

Cryptocurrency is a big threat to some government budgets, they out rule the regulations and functions of Cryptocurrency for reasons best known to them. How would a government imposed strict rules on Cryptocurrency simply because it's citizens are acquainted with the entire crypto space and they're making cool money from it. The US government, and other countries prohibits Cryptocurrency, the whole idea is just terrible, for those working from the comfort of their home just been online, Wil starts finding difficulties in their perspective areas

The entire market conditions seem to be influenced by external factors which beyond our control. While we can blame the situation to the US government and their recent actions. In light of the current situation, it's good to keep in mind that in past lots of action taken but, the crypto market has consistently demonstrated its resilience. In the event if the US economy takes a dumps, then crypto market won't react we desire. That's why it's important to exercise caution and put in money that you can't afford to lose. Here, I'm trying to say is be ready for anything.

[Fredomago]

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.

Cryptocurrency is a big threat to some government budgets, they out rule the regulations and functions of Cryptocurrency for reasons best known to them. How would a government imposed strict rules on Cryptocurrency simply because it's citizens are acquainted with the entire crypto space and they're making cool money from it. The US government, and other countries prohibits Cryptocurrency, the whole idea is just terrible, for those working from the comfort of their home just been online, Wil starts finding difficulties in their perspective areas

The entire market conditions seem to be influenced by external factors which beyond our control. While we can blame the situation to the US government and their recent actions. In light of the current situation, it's good to keep in mind that in past lots of action taken but, the crypto market has consistently demonstrated its resilience. In the event if the US economy takes a dumps, then crypto market won't react we desire. That's why it's important to exercise caution and put in money that you can't afford to lose. Here, I'm trying to say is be ready for anything.

Government's action might affects the mindsets of each individual who invest to this assets, we can't remove that, and it's a
very important reminder, knowing how the situation can turn to and knowing the amount of allocated investment, the money that you are willing to let go in case that it won't take the way we project it. The more pressure you have the bigger fear you will feel when you see that the market is not moving according to your plan.

Make sure that you analyze and assess before you put your investment, it will save you a lot as you consider how it going
to proceed and you are willing to hold and wait till it generate for possible benefits.

[AakZaki]

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.

there is still no sign of bullish movement as the market is still heating up. I also still monitor and occasionally take advantage of any price fluctuations on the fly. traded futures to make quick profits as the selling pressure was strong when the news about Binance vs SEC first broke. Fear and doubt among investors have really become a terror because regulators have been giving strict rules lately

[irsykes]

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.

true, it could be that the government is on a power-hungry mission to be able to take over crypto but it seems difficult, people will not be stupid for such an idea that looks wise but only to satisfy their own pockets. many years many people have understood the crypto world to get money from crypto airdrops and other things, the government is still thinking hard to be able to control it will only waste their money

[Mehedi72]

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.

China also tired that before but anything happened? After that, cryptocurrency continuously hit so many ath. So there's nothing to worry at all. If  that happened, then there are many ways to continue using crypto. It won't possible for government to stop using cryptocurrency  permanently even making  ban/doing restrictions on it. Cryptocurrency plays significant role for world economy and it is really need to take fair step to make it easier

[Abiky]

China also tired that before but anything happened? After that, cryptocurrency continuously hit so many ath. So there's nothing to worry at all. If  that happened, then there are many ways to continue using crypto. It won't possible for government to stop using cryptocurrency  permanently even making  ban/doing restrictions on it. Cryptocurrency plays significant role for world economy and it is really need to take fair step to make it easier

Governments just want to instill fear with their propaganda and misinformation against crypto. After all, they don't want people to experience true financial freedom. Turns out, the tables have turned as people are beginning to lose trust in the current banking system powered by Fiat. You can see how BTC and other cryptocurrencies continue to rise even when some countries banned them (like China and Russia). What China did was force miners to move away to another crypto-friendly country. Not destroy BTC altogether.

The Chinese government already recognized the impact crypto/Blockchain tech is having worldwide, leaving it with no other choice but to embrace the revolution through Hong Kong. Even Russia is considering opening its doors to crypto. It's likely most governments will accept crypto as an alternative to Fiat by imposing taxes on each transaction. Who knows if crypto ends up replacing Fiat in the distant future? Just my thoughts

[Fredomago]

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.

China also tired that before but anything happened? After that, cryptocurrency continuously hit so many ath. So there's nothing to worry at all. If  that happened, then there are many ways to continue using crypto. It won't possible for government to stop using cryptocurrency  permanently even making  ban/doing restrictions on it. Cryptocurrency plays significant role for world economy and it is really need to take fair step to make it easier

It was then created a fud and the value recover back and reached a new high, in terms of government actions we really can't deny that they are trying to control this market, but like what you said there's nothing that the government can do, in completely stop crypto it already reached wider connection to both investors and traders.

We will see those effects when the government will try to move aggressively, but for the real supporters and believers, it will be a go signal
to continue supporting and holding their positions about what they know will benefit them.

[MingMining]

Governments just want to instill fear with their propaganda and misinformation against crypto. After all, they don't want people to experience true financial freedom. Turns out, the tables have turned as people are beginning to lose trust in the current banking system powered by Fiat. You can see how BTC and other cryptocurrencies continue to rise even when some countries banned them (like China and Russia). What China did was force miners to move away to another crypto-friendly country. Not destroy BTC altogether.

The Chinese government already recognized the impact crypto/Blockchain tech is having worldwide, leaving it with no other choice but to embrace the revolution through Hong Kong. Even Russia is considering opening its doors to crypto. It's likely most governments will accept crypto as an alternative to Fiat by imposing taxes on each transaction. Who knows if crypto ends up replacing Fiat in the distant future? Just my thoughts

You are absolutely right that governments often use various propaganda to create fear and panic among the people.Governments never want people to be independent and own capital.Many people are investing mostly in cryptocurrencies instead of keeping money in banks,and these things are not liked by the governments and the banking sector at all.Governments believe that people's money should be in the custody of the government.

But it is also true that the cryptocurrency market or bitcoin is not under the control of any government and they can never control the cryptocurrency market so easily.So I think the cryptocurrency market and Bitcoin will grow further in the coming years and many countries will also support the cryptocurrency market.

[BaeSuzy]

The funny thing is that crypto will lead to government's actually increasing their control of our monetary systems. I know crypto boasts wanting to do the opposite of this but it is helping the governments to usher in a new age of shittiness.

[Dessy88]

Very old talking because there are many country who doesn’t accepted crypto legal even same like in my country banned crypto currency. I have been face many problem, when i sold crypto and taken my country assets. There are no any option to buy online shopping by using crypto currency.

[speeder]

Very old talking because there are many country who doesn’t accepted crypto legal even same like in my country banned crypto currency. I have been face many problem, when i sold crypto and taken my country assets. There are no any option to buy online shopping by using crypto currency.

Not only in shopping, but by using cryptocurrency we can solve many difficult things very easily. However, many countries around the world, heads of state have been opposing the use of crypto currency for a long time. I saw it through social media a few days ago. A state minister of our country has discussed the issue of cryptocurrency legalization. It is not yet known how much this discussion has been acceptable to the government of our country. As a cryptocurrency user I can say that. People's lives have become much easier with the use of cryptocurrency

[Abiky]

You are absolutely right that governments often use various propaganda to create fear and panic among the people.Governments never want people to be independent and own capital.Many people are investing mostly in cryptocurrencies instead of keeping money in banks,and these things are not liked by the governments and the banking sector at all.Governments believe that people's money should be in the custody of the government.

But it is also true that the cryptocurrency market or bitcoin is not under the control of any government and they can never control the cryptocurrency market so easily.So I think the cryptocurrency market and Bitcoin will grow further in the coming years and many countries will also support the cryptocurrency market.

Governments will allow people to buy/sell crypto but only for taxation purposes. There will be too many restrictions in place to prevent crypto from achieving its full potential. On one hand, governments are supporting crypto for taxation purposes, and on the other hand, they're trying to minimize its influence with their propaganda and misinformation. Even some governments have gone as far as making crypto illegal.

Crypto is decentralized, so government actions against it wouldn't matter. They can't stop the revolution no matter how hard they try. A full blanket ban will only affect crypto market prices and its exposure to mainstream investors. But blockchain networks will keep running along as usual. With how far crypto has gone (14 years), it's safe to say it'll last for generations. Just my opinion

[bastian466]

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.

China also tired that before but anything happened? After that, cryptocurrency continuously hit so many ath. So there's nothing to worry at all. If  that happened, then there are many ways to continue using crypto. It won't possible for government to stop using cryptocurrency  permanently even making  ban/doing restrictions on it. Cryptocurrency plays significant role for world economy and it is really need to take fair step to make it easier

Yes, China government has banned crypto trading and mining for many reasons. actually until now cypto is still developing and advancing, so don't worry too much, the most negative impact is the price in the declining market which is called the bear season. But it's also good if the government participates in supervising and helping to reduce fraud and protect real investors with legal protection so that no party is harmed, maybe that's my hope

[Bolivar_Tony]

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.

Cryptocurrency is a big threat to some government budgets, they out rule the regulations and functions of Cryptocurrency for reasons best known to them. How would a government imposed strict rules on Cryptocurrency simply because it's citizens are acquainted with the entire crypto space and they're making cool money from it. The US government, and other countries prohibits Cryptocurrency, the whole idea is just terrible, for those working from the comfort of their home just been online, Wil starts finding difficulties in their perspective areas

Truth be told for crypto to go full adoption, it must be properly regulated by the government, this will help the ecosystem to be safe and secure, If there is no regulation, people will suffer the consequences and government have rights to protect their citizens, but what i don't like is the approach they are using in fight the industries, a responsible government that cares for their citizens will dialogue and find a lasting solution and provide a clear guideline crypto should follow, I believe we will get to that point some day.   

[Yamifoud]

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.

Cryptocurrency is a big threat to some government budgets, they out rule the regulations and functions of Cryptocurrency for reasons best known to them. How would a government imposed strict rules on Cryptocurrency simply because it's citizens are acquainted with the entire crypto space and they're making cool money from it. The US government, and other countries prohibits Cryptocurrency, the whole idea is just terrible, for those working from the comfort of their home just been online, Wil starts finding difficulties in their perspective areas

Truth be told for crypto to go full adoption, it must be properly regulated by the government, this will help the ecosystem to be safe and secure, If there is no regulation, people will suffer the consequences and government have rights to protect their citizens, but what i don't like is the approach they are using in fight the industries, a responsible government that cares for their citizens will dialogue and find a lasting solution and provide a clear guideline crypto should follow, I believe we will get to that point some day.   

Without their support, people remain doubtful and have less adoption. Indeed, we need regulations and rule to follow as this will minimize scam and fraud but some people don't understand it instead, they're thinking that the Government is an enemy and against crypto existence. There is a good reason why they implementing this but we can't also ignore the possibility that some government officials will take advantage of the situation and impose huge taxes which is also a reason why some investors do want their participation.

[nyashenka]

Without their support, people remain doubtful and have less adoption. Indeed, we need regulations and rule to follow as this will minimize scam and fraud but some people don't understand it instead, they're thinking that the Government is an enemy and against crypto existence. There is a good reason why they implementing this but we can't also ignore the possibility that some government officials will take advantage of the situation and impose huge taxes which is also a reason why some investors do want their participation.

Regulation of cryptocurrency allows to attract money in the economy of the country from cryptocurrency startups. Regulation protects the rights of investors and allows to develop cryptocurrency startups that are really necessary and useful for people.