I strongly suspect a sinister move here. You?

[The Cryptovator]

In reality, the government cannot directly control Bitcoin as it operates on a decentralized network. However, there are attempts to regulate and monitor Bitcoin holders. Large companies that engage with Bitcoin may be required to share data with the government through law enforcement agencies. It appears that the United States is aiming to exert influence over the cryptocurrency industry, currently dominated by Binance. As a result, major US companies are launching their own cryptocurrency exchanges.

[1715186475]

1715186475

[1715186475]

1715186475

[1715186475]

1715186475

[1715186475]

1715186475

[1715186475]

1715186475

[Ever-young]

I strongly suspect a sinister move here. It is the government subtly trying to take over and be in control of Bitcoin.

They can't win, they can't take total control over the crypto market, the only thing which might be possible for them is to try as much as they can with their power and investment from different corners to hold a huge percentage of the market volume but I doubt that could even be possible.

Let's just watch and see what's gonna happen. The market have already warn against them over their case suit. With time the Crypto community will adopt to all their noise and normalize with it, any further fuds cause by them will no longer mean much to the people and as such won't harm the market again.

[Zlantann]

I strongly suspect a sinister move here. It is the government subtly trying to take over and be in control of Bitcoin. We are seeing big asset management companies and financial institutions suddenly getting involved with Bitcoin, which is partly the reason why there is a pump in the price of Bitcoin. They are applying for ETFs, and some others are coming together to create an exchange. The latest development is Crédit Agricole's CACEIS gaining Crypto Custody Registration in France. Why are all these things happening almost at the same time when Binance is being grilled by governments in different countries? Do not be carried away by all of this; it's the government's attempt to gain control of Bitcoin because, for all I care, these financial institutions with trillions of dollars are controlled by the government. They are the government.

- https://www.msn.com/en-us/money/companies/cr%C3%A9dit-agricole-s-caceis-gains-crypto-custody-registration-in-france/ar-AA1cSLjD

Except for something special that happens the United State Securities and Exchange Commission will not approve Bitcoin ETF applications by BlackRock, WisdomTree, and Invesco. Many companies such as New York Digital Investment Group, Global X, Fidelity, SkyBridge, and Valkyrie applications requesting regulatory approval for spot Bitcoin exchange-traded funds (ETFs) were all rejected by the SEC.

I will averagely agree that the reason for the attack on Binance could be because the government wants to project American exchanges to take the market share of Binance. The founding of Fidelity Digital Assets, Charles Schwab, and Citadel Securities backed EDX Markets might be the manifestation of the ploy to push out a perceived Chinese company from the US exchange market.

All these moves will not lead to government control of the crypto industry because people will always grow to know the truth. They might start investing with centralized platforms but as they get the experience they will eventually understand the dangers of dealing with centralized or government control crypto business. The majority of them will gradually switch to decentralized platforms because most people love privacy, freedom, and security.

[Eternad]

I strongly suspect a sinister move here. It is the government subtly trying to take over and be in control of Bitcoin. We are seeing big asset management companies and financial institutions suddenly getting involved with Bitcoin, which is partly the reason why there is a pump in the price of Bitcoin.

Private institution is not owned by the governement and they didn't represent so I don't the point on why will Government will try to control decentralized asset like Bitcoin for their own gain. The best thing they can do is to regulate exchanges to guarantee that they can get profit on it.

There's no Sinister move here from the Government but rather from the financial institution that benefiting on the turmoil of Bitcoin to create a move while SEC is busy on their campaign agains Binance. Now SEC will be pressured for the approval since they are preparing for there battle against Binance. Blackrock just make a good timing while SEC is busy doing their other business with Binance and Coinbase.

[OgNasty]

I strongly suspect a sinister move here. It is the government subtly trying to take over and be in control of Bitcoin. We are seeing big asset management companies and financial institutions suddenly getting involved with Bitcoin, which is partly the reason why there is a pump in the price of Bitcoin. They are applying for ETFs, and some others are coming together to create an exchange. The latest development is Crédit Agricole's CACEIS gaining Crypto Custody Registration in France. Why are all these things happening almost at the same time when Binance is being grilled by governments in different countries? Do not be carried away by all of this; it's the government's attempt to gain control of Bitcoin because, for all I care, these financial institutions with trillions of dollars are controlled by the government. They are the government.

- https://www.msn.com/en-us/money/companies/cr%C3%A9dit-agricole-s-caceis-gains-crypto-custody-registration-in-france/ar-AA1cSLjD

It isn’t surprising that big banks are utilizing their paid for politicians to use government agencies to attack established players in the market in order to open up buying opportunities for themselves to enter and take control. This is what I think we’re seeing and that is why it is important to hang on to your coins right now. Don’t let them get your coins for cheap.

[ololajulo]

Currently, it is challenging for anyone, whether it be a government or institution, to believe they can exert control over Bitcoin. There are a couple of reasons for this. Firstly, Bitcoin is no longer confined to specific regions, locations, or races; it has become widely dispersed across the entire globe. Secondly, Bitcoin has generated more millionaires than any other asset, and these individuals possess fiat currency in their bank accounts to safeguard their social standing and protect their assets from the influence of other wealthy individuals. Consequently, they are shielded from oppression by their affluent peers.

[BenCodie]

I strongly suspect a sinister move here. It is the government subtly trying to take over and be in control of Bitcoin. We are seeing big asset management companies and financial institutions suddenly getting involved with Bitcoin, which is partly the reason why there is a pump in the price of Bitcoin. They are applying for ETFs, and some others are coming together to create an exchange. The latest development is Crédit Agricole's CACEIS gaining Crypto Custody Registration in France. Why are all these things happening almost at the same time when Binance is being grilled by governments in different countries? Do not be carried away by all of this; it's the government's attempt to gain control of Bitcoin because, for all I care, these financial institutions with trillions of dollars are controlled by the government. They are the government.

- https://www.msn.com/en-us/money/companies/cr%C3%A9dit-agricole-s-caceis-gains-crypto-custody-registration-in-france/ar-AA1cSLjD

Generally things are coordinated, yes. Whether that is sinister or not is another story. Are they all controlled by government? Actually no. More so the other way around, that's why lobbying exists and has existed for some time.

In my opinion this sudden move might be more to be able to quickly capitalize after holding the price down, especially the case with the states and edx exchange. I think that in order to keep up with China, all of these things must have happended.

At least, we all know when the next bull run will end and why...when all of these companies taking custody of coins go under from mismanagement, like ftx

[SmartGold01]

it's the government's attempt to gain control of Bitcoin because, for all I care, these financial institutions with trillions of dollars are controlled by the government. They are the government.

What I understand so far is that Government can never subjugate bitcoin because it's above their authority and power, Government might have control over those money stored in the bank, or may likely monitor's peoples transaction within the banks but not with bitcoin.
In this they had no options than to either join the moving trends or stay clear since bitcoin is above their powers of having control, although they might implement some taxation but doesn't mean they had all forms of control over their bitcoin rather than some individuals who are holding it in recognized wallet or exchanges.