Aside from the impact of crypto regulation on the value of bitcoin, I don't see any significant negative impact on bitcoin, only centralized altcoins will be affected by these US cryptocurrency regulations bills.
The price of bitcoin has indeed struggled btw a price cycle that reflects heavy attacks on the market, but bitcoin has always proven to be organic and regulators can not force Bitcoin to align with a regulatory framework that is mainly for the asset listen on the white paper of U.S cryptocurrency policy.
Topic: Leak Reveals Secret Democratic Plan For A Game-Changing U.S. Crypto Crackdown - page 2. (Read 240 times)
May 15, 2023, 02:24:41 PM
May 15, 2023, 12:26:38 PM
Finally some great news from the US. The democrats are working hard to protect us all from risky crypto investments. They'll happily create a crypto market crash and make investors lose money in order to prevent them from losing money. Good to know there are politicians out there working tirelessly to protect the little people from themselves.
"Leak Reveals Secret Democratic Plan For A Game-Changing U.S. Crypto Crackdown That Could Hit The Price Of Bitcoin And Ethereum"
https://www.forbes.com/sites/digital-assets/2023/05/14/leak-reveals-secret-democrat-plan-for-a-game-changing-us-crypto-crackdown-that-could-hit-the-price-of-bitcoin-and-ethereum/?sh=51e6dfd1358d
So in summary, just a further confirmation of the US gov's crackdown on crypto.
Any thought on how would that unfold?
"Leak Reveals Secret Democratic Plan For A Game-Changing U.S. Crypto Crackdown That Could Hit The Price Of Bitcoin And Ethereum"
https://www.forbes.com/sites/digital-assets/2023/05/14/leak-reveals-secret-democrat-plan-for-a-game-changing-us-crypto-crackdown-that-could-hit-the-price-of-bitcoin-and-ethereum/?sh=51e6dfd1358d
Quote
Now, a leaked memo circulated to Democratic House financial services committee members has revealed the "key messages" lawmakers were told to stick to that could see almost all cryptocurrencies categorized as securities.
...
The document, passed to committee members by the Democratic party ahead of Wednesday’s joint House hearing on crypto policy, was leaked by Fox Business reporter Eleanor Terrett on Twitter. "The problem isn’t ambiguity—it’s mass non-compliance with existing laws," the memo reads. "We can't invent new accommodating regulatory structures simply because crypto companies refuse to follow clear rules of the road."
The memo calls on Democratic lawmakers to push back on Republican claims "they are working to provide clarity to the markets by carving out space for the Commodity Futures Trading Commission (CFTC) in crypto" ... "Republicans are proving that they really aren't serious about protecting investors and consumers."
...
The document, passed to committee members by the Democratic party ahead of Wednesday’s joint House hearing on crypto policy, was leaked by Fox Business reporter Eleanor Terrett on Twitter. "The problem isn’t ambiguity—it’s mass non-compliance with existing laws," the memo reads. "We can't invent new accommodating regulatory structures simply because crypto companies refuse to follow clear rules of the road."
The memo calls on Democratic lawmakers to push back on Republican claims "they are working to provide clarity to the markets by carving out space for the Commodity Futures Trading Commission (CFTC) in crypto" ... "Republicans are proving that they really aren't serious about protecting investors and consumers."
So in summary, just a further confirmation of the US gov's crackdown on crypto.
Any thought on how would that unfold?
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