Despite being possibly ineffective and potentially self-destructive, I don't believe that will stop the laws from being passed.
so all of the trading desks, investment funds, exchanges, payment processors, employees of blockchain companies will all have to throw in the towel and go away because that's what such a law would entail.
somehow i'm not feeling it.
I am not either because this isn't one little industry or a niche market. Right now it is but by the time they get to making such a bill the whole crypto industry will be in the trillions and well on its way to a proper asset class. It would be completely asinine for the US government to take this position, because other countries will adopt and prosper because of it. I can't see the US relinquishing that kind of power on the world stage, although because they have made some other asinine decisions in the past, I am not putting it past them. I put it at 1% chance it happens, and 99% chance it doesn't. Never count any possibility out, that is selling yourself short of a comprehensive plan.