Topic: Crypto banned from the USA (Read 239 times)

Crypto is not going to be banned in the US any time soon especially with an election this year. That would be a good way to lose a lot of potential votes. More exchanges & service providers will be regulated but if they don’t comply with regulations they were probably bad actors any way. I am quite certain crypto is not going to be banned in the US.

In an email with subject "[URGENT] Bitwage Banking Switch - Change of Service Offered" dated today, BitWage said:

This thread was made way before CEX attack on Bincance US that happened just now. I guess this seems like part of the choke point but when you look this from a CEX point of view, In their eyes Binance US was basically unlicensed securities exchange working inside US. So what do you think is going to happen?

I find it more astonishing that people are surprised, or maybe they are just acting surprised. I am guessing that Coinbase gets their charges next. That would bring the market down even more.

I was under the impression that the attack primarily targeted Binance, so discovering an attack on Coinbase as well raises concerns. It is important for the SEC to establish the regulations they deem necessary and refrain from making this situation resemble a witch hunt. Interestingly, some prominent figures in the cryptocurrency industry exhibit a higher level of compliance with the law than certain criminals in undisclosed locations.

The US had been frustrating the life of cryptocurrency traders and companies and it does not make sense.
This has for stop since cryptocurrency does not have any effect on the US dollar. They need to allow people to choose what they want and buy what they want without any problem.

if cryptocurrency is been checked out from USA that means that cryptocurrency will have an issue in upcoming because I believe that cryptocurrency will you survive if any other country that is not USA rise against them so if USA Rise Against cryptocurrency it will bring a low market for me because of the information

Well, the other competitors have been leaving the USA and as well as Canada. That's a sign for Coinbase and other remaining giants there that the competition is lesser. If they resort that they need to leave the US market then that's it, other players will adopt those users and it's still a huge market for those companies. In that case that the biggest of the biggest will leave US market, then for sure majority of the holders there will still find a way to sell or buy bitcoin. If not, then they'll leave us for good and will definitely leave this market as well and will sell before anything else or before the closure of these exchanges. There's a strong push for regulations there and that's why if these companies can't take it, who else is gonna take it?

The reason for strife in the world are the crypto coins/tokens, esp Bitcoin.

The ruling cabal - those who direct and control governments - are losing control. People are waking up. Fiat is a Ponzi and worse. It is a method to give control to the cabal through the money systems. Fiat is a way to steal the labor and wealth from average people and give it to the cabal. The cabal includes the owners of the Federal Reserve Bank, and those who own and direct the Fed owners.

Bitcoin threatens to throw off the controls by becoming a direct property transfer among the people... no banks involved. That's why the banking system is trying to convert the current fiat Ponzi into a crypto that tightens up the controls that are rather loose under the fiat Ponzi. Here's how it works:
- A check or money order that can be traded among people and banks is a negotiable instrument. It is essentially money.
- A promissory note on a bank loan is a negotiable instrument. It is essentially money.
- When a promissory note is signed by a borrower, he is paying off his loan before he gets the loan. But he doesn't know this, so he pays the loan off the second time over the years.
- The bank converts the promissory note negotiable instrument into other forms of money, and sells it to people and companies who buy it to get the interest over the years.
- The money that the banks gets from the sale of the promissory note negotiable instrument goes to the Fed, and to the cabal thereby.
- The cabal is becoming rich from every fake loan that is made because of the ignorance of the people; the people are becoming poor by paying off the loan twice... or more when you include interest.

This old Ponzi system is failing because the people are waking up. The cabal needs to take stricter control if they want to maintain their reign as masters over the general populace.

And, there are also many other ways the banking cabal make money and control the people thereby.

I am more inclined to think that the average person living in the USA would rather to sell their Bitcoin than getting trouble because of committing what could be considered to be tax evasion. That's what I think reality is, not all the people who have Bitcoin and other crypto assets in the USA are so into the ideology of satoshi to risk being punished by a court.

Still, I think that a ban on Bitcoin is unlikely to happen and it is only a thing on countries where autocracy is blatant and there is no separation of powers, the United States is still blessed with those benefits, in contrary to Russia and China.

I am sure in no distance time the US as a country that instead of driving Bitcoin service providers away thinking they're attacking Bitcoin, should have done is to make more regulations for that Bitcoin service providers and make out ways to place more taxes on them to generate more revenue.

But at this point that the US ban them, bitcoin users in the US will now have a free hand to avoid income taxes on Bitcoin and other digital assets.

We have seen so many countries that banned bitcoin and there is still massive adoption of crypto in that country. US already has a significant crypto users and even though the government bans crypto now,it wouldn't affect anybody or the crypto market because bitcoin users knows that bitcoin is decentralized,so they will continue. It will only affect exchanges. Miners will move their farm to a country that is more crypto friendly,maybe China. We have seen this before,it is not something new. China also placed a ban on crypto but when they saw that they are loosing out,the uplifted the ban recently. If US tries to ban crypto,then it will be an opportunity for China. I don't think that US will do something as dump as banning crypto

They (those lawmakers) are aware of it and those who are not, it won't take much until they learn the differences between Bitcoin and liquidity providers like exchanges like Coinbase or Binance. Even if they did not ban Bitcoin but did so to exchanges and other liquidity providers in the USA, it would be a hard blow to the community and the future expectations we all had for the increase of adoption about merchants and retailers...  

Still, it is unlikely to happen, for the reasons I said in my precious post.

The thing everyone should know is that Bitcoin is different from exchanges, and that means that no government can ban/regulate Bitcoin, but there can regulate Bitcoin service providers such as centralized exchanges and another form of Bitcoin payment gateway on centralised networks, Bitcoin has revolutionized the world financial system and not even the US can stop that from happening if they make any anti cryptocurrency regulations it then means the Biden government is on the verge of pushing US citizens away from new technology.

I wont lie, it sounds difficult to me that anyone with a minimum grade of intelligence would actually fall for that explanation or narrative. Even if Bitcoin was never invented as we know it, the Fentanyl and other drugs would be still flooding the streets of the biggest cities in North America. Criminals like cash, to them cash is King after all.

Within the narco culture the 100$ bills are more established than the satoshis.


If I had to bet, the most likely scenarios would be the excuse of the environmental impact of Bitcoin so the politicians can push for some kind of restrictive Bill about mining on American soil. That won't stop Bitcoin, obviously.

With the way officials are painting crypto to the public like it is the cause of fentanyl flooding on theirs streets, there is a bit of a possibility that BTC will be ban in US. Although they couldn't technically ban it, they will make it illegal just as how China did. And when they do so, prices can take a nosedive.

I do not think the United States can effectively ban Bitcoin and not even enforce the ban, if they wanted to.

Look to the countries which have banned or tried to ban Bitcoin to this day, most of them (specially Russia and China) have very authocratic political systems, people cannot fight back the decision of the President or the Secretary of State. On the USA, it is different, any federal judge in the Union can challenge any presidential choice and deem it unconstitutional. So the road to banning Bitcoin won't be easy, even more keeping in mind the amount of libertarians in that country.

It reminds me the occasion when Trump wanted to ban people from countries with important Islamic population from entering the USA, a single judge stopped it all.

"You cannot ban bitcoin, you can only ban yourself from bitcoin" - this is probably the best way to describe this situation.

The current administration in the US is trying to appease eco clowns who think bitcoin mining is destroying the planet. They have to fight against something so if chaining yourself to a tree is no longer popular and so is freeing animals from labs, there has to be something else they can do, right? Fortunately there's a lot of bright people in the US who fight for their states to remain free.

America reminds one of the most diver nations in the world, if not the diverse. This is due to the many opportunities it provides to its inhabitants, making it a land of promises and welcomes people of every culture.

The ban of cryptos in the USA should such a thing ever come to be would be such a huge slap on the face of what America and Americans stand for. Itould mean a direct hold on the nature of finance, the freedom to invest in digital assets and certainly, it won't tell well of there respect for human rights.

The way to start building for Crypto freedom is this. The Private Membership Association.

In early times of government, it was made for freedom for people. In order for people in government to overcome freedom for the public, they have to make laws that enslave the public. But, since freedom is built right into the whole government setup, it is difficult for government to do this, because the public fights back with legal things that are in basic government.

One of the strongest freedom things is privacy. It's built right into the whole legal operation of government, and has been since the inception of the government. I am talking about the US mostly, but Canada and Britain, as well. You know how difficult it is for government to come into your home without a warrant, and how you can sue even the judge who signed the warrant if he does so frivolously.

We need to take our crypto operations out of the public, and make them private. We can do this by making the whole public into private within the crypto community. This has to do with making membership for using crypto to be like membership in a club. But this entails writing up a contract that people who use crypto agree to before they can use it. Such a contract needs to be built right into the blockchain and wallet.

Search on "Private Membership Association." The, start building a private crypto world. Do it now, before government takes crypto away.

I assumed "Operation choke point 2.0" became a reality when Biden got into office and started pushing federal agencies to issue new regulations in regards to crypto.

This all seems to *coincidentally* coincide with the federal government's aim of implementing CBDC's. Not a conspiracy at all when they do it right in front of you under the guise of going after money launderers. We know who the real targets are.

Why it not show in example CNBC?   Im going to read Warren Buffets books. Theres some wisdom he nows capitalism since 1980. Like nice persons say "venture capitalism" = back on basics.

• Operation Choke Point was an initiative by the U.S. government in 2013 to crack down on fraudulent activities by limiting access to banking services for certain high-risk industries. "Operation Choke Point 2.0" targeting crypto businesses is speculative at this point, and there is no confirmed information about such an operation being implemented.
  
• The relocation of major exchanges or businesses could lead to a temporary disruption, as it may impact liquidity and investor confidence.
  

There are thousands of options for new kinds of crypto that have not been tried.

Consider this:
1. A crypto that identifies each user so that he gains a good reputation or a bad reputation regarding his transactions and faithfulness in them.
2. Cellphones that are walkie-talkies, something like the original cellphones were, so that there is no central control over the cellphone messaging.
3. Actual transactions remain private.
4. A justice board, like a jury, to make judgments in transaction disputes.
5. As airlines sell tickets through Internet comparisons of prices, let everything be marketed based on the prices of all merchants.
6. Get government out of buying and selling; keep it in areas of justice among people; No more fiat money.

We, the people, can do this.

Well some say that this could really happen due to the ongoing operation chokepoint 2.0 coinbase seems already packing their bags so could this rlly happen? crypto leaving the usa ? And what would that mean for the market? would it even matter? ^^