USA regulating crypto

cesfx · Mar 9, 2022

This is a good sign imo.
BTC having an average 10% day, but market are up too so not that big of an impact so far, maybe expected.

Main points of the executive order signed by Biden are:

Consumer and investor protection
Financial stability
Illicit activity
U.S. competitiveness on a global stage
Financial inclusion
Responsible innovation

They will also look at a digital dollar, the energy and climate impact, and get Treasury and the Sec to work. The fact that they want to understand well their risks and "opportunities" should be a good news for crypto's.

https://www.cnbc.com/2022/03/09/heres-whats-in-bidens-executive-order-on-crypto.html

zghorner · Mar 9, 2022

I don't think this is a good sign lol...claiming it to be a "good sign" is claiming that this regulation is better than simply leaving it alone...no. Is this better than an all out ban like some countries are doing...sure...but still unwelcome IMO.

cesfx · Mar 9, 2022

I always thought that any regulation, that is not a ban, imply some sort of acceptance.

The_Krakenite · Mar 9, 2022

As seems to be the case, bad news comes out for Crypto, and instead of further crashing it is rallying. Haw!

sebking1986 · Mar 9, 2022

Depends on the extent of the regulations to be honest.

RedDuke · Mar 9, 2022

The_Krakenite said:
As seems to be the case, bad news comes out for Crypto, and instead of further crashing it is rallying. Haw!

I see the same pattern over and over.

ET180 · Mar 9, 2022

cesfx said:
This is a good sign imo.
BTC having an average 10% day, but market are up too so not that big of an impact so far, maybe expected.

Trades like leveraged Nasdaq. Nothing new here.

Tokenz · Mar 10, 2022

cesfx said:
Main points of the executive order signed by Biden are:

Consumer and investor protection

Financial stability

Illicit activity

U.S. competitiveness on a global stage

Financial inclusion

Responsible innovation

These are things they've been talking about for years, and that just confirms they are starting to act on it.

Dutchy1986 · Mar 10, 2022

cesfx said:
This is a good sign imo.
BTC having an average 10% day, but market are up too so not that big of an impact so far, maybe expected.

Main points of the executive order signed by Biden are:

Consumer and investor protection

Financial stability

Illicit activity

U.S. competitiveness on a global stage

Financial inclusion

Responsible innovation

They will also look at a digital dollar, the energy and climate impact, and get Treasury and the Sec to work. The fact that they want to understand well their risks and "opportunities" should be a good news for crypto's.

https://www.cnbc.com/2022/03/09/heres-whats-in-bidens-executive-order-on-crypto.html

Regulation was always going to happen at some time and the Americans were bound to be forst

Tokenz · Mar 11, 2022

So in conclusion to this thread, I think it's safe to say that Bitcoin and altcoins are going nowhere but to the moon.