New US Bill Hands Treasury Blank Check To Ban Crypto At Exchanges in the United States

[lieqiang]

Originally Posted by BeerGeek40

LOL you people were warned and if you had any intelligence you would get out of crypto while you still can and count your blessings that you weren't wiped out.

Who is "you people" exactly?

You seem to be smugly wagging your finger at... nobody? Did I miss where someone in the thread was saying they were going to stay in crypto forever?

[MKTwet]

As long as crypto is a new source of tax revenue, the US will never ban it. Same goes for weed.

Crypto is just like the internet in the early 90s in its infancy of adoption. All the companies especially banks are lobbying hard to slow down crypto while they have other depts working to figure out how to use adopt it.

Fidelity issued what is the strongest statement in support of crypto.

I don't think traditional banking will be the same in the future, the writing is already on the wall.

With digital pay like Apple Pay, Square, Paypal these are the middleman that digitize currency. Once crypto is better managed many folks will skip the banks altogether. Some people already want their salaries in crypto skipping the banks.

DEFI is what these companies are trying to stop because it will hit many profitable lending services in the future.

[ElectronicOverlord]

I saw a blurb on Bloomberg about an urgent need to restrict crypto, right after the trucker protests had to switch to crypto after the problems with gofundme and givesendgo. Might be a coincidence, but who knows.
(Disclosure: I've complained about the speculation parts of crypto, but receptive to the concept of DEFI)