If you are talking about the United States, it looks very unlikely that they would ban cryptocurrency at this point. They seem content to just regulate it and let market forces go to work.
RE: Regulations are coming, and that's a good thing!
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Regulations are coming, and that's a good thing!
What if they have their inside man helping to run Tether, with the mission to drive up prices and let Tether eventually collapse, turning people away from crypto in droves?
I don't doubt that many will be willing to attempt to convert their wealth to crypto en masse as fiat in some of the economically stronger nations starts to falter, but it will be a rough transition period and we'll see how hands-off they remain once they start to bring out their own competing blockchain-backed/energy backed currencies.
In what was undoubtedly a little bit of protectionism of their own cash cow certain states in the US disallowed their citizens from buying crypto, NY included. I'm interested to see if there continues to be local differences in how crypto is approached, I mean Utah's already a pm bug state and tends to be kind of adversarial to federal power (Mormonism has always seemed to be at its core) so it wouldn't surprise me to see if they take the lead on state-wide adoption and a few others follow as they try to protect buying power in an era of fiat collapse.
Sorry, you probably already know all this stuff, just getting my thoughts on regulatory differences in the US out there.
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Nah I know they won’t ban it, and I sure as hell don’t want that haha. Just makes me mad how they talk all this shit on crypto then tax the hell out of it.
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