It's good that Bitconnect is now excluding US citizens like many other ICOs. I think US Govt will only just create trouble for bitconnect. Let the US citizens keep earning their 1% per year in their banks. Asia has got more than enough volume to cover this deficit
Actually, Bitconnect is not excluding all US citizens, they are simply agreeing to not allow
Texas Bitconnect users to
reinvest in the platform for now. The Texas Bitconnect users are still allowed to move their released capital loans back to Bitcoin and to withdraw from the platform. Also, the majority of US citizens do not receive 1% interest from most banks. The average returns are much lower:
https://www.valuepenguin.com/average-savings-account-interest-rates but the amount they charge US citizens for loans is much much higher: https://www.valuepenguin.com/loans
Cryptocurrencies allow peer to peer transfers which allows people to be their own bank and that makes bankers very nervous because they will become irrelevant. Fiat currency always ends badly.