Day by day U.S. citizens continue to have increasing limitations on participation in the Crypto space due to antiquated legal policies that have no business being applied to modern technology.
Binance's barring of U.S. trading is the beginning of a ripple effect that we will continue to see unless we take action.
We have the right to financial freedom and congress must hear us.
Take 5 seconds to sign the Change petition at:
http://chng.it/ZzVSr7sLBinance will have it's own version for US citizens/costumers only. So there is no banning of crypto trading for US citizens, it's just that their government is heavily regulating everything and consider crypto as securities unless otherwise. However, we do really need to go to the extend of having a petition though? For me it doesn't make sense, crypto and regulation could co-exist in my opinion.
Yes, we need regulations - this isn't meant for the hard-core libertarians here - but we need
smart regulations. So we need to put pressure through political reprentatives to create laws more accommodating to this industry. Politicians are generally more interested in listening to lobbyists who can fund them than the little guy, which is why this industry must band together to show some force. So I am all for petitions, however symbolic they may seem. Gradually, this industry is getting better and stronger at lobbying.
These agencies have already shown that without pressure they will not change. I think as cryptos become more mainstream the political pressure will begin to mount and force the hand of the politicians. Since bitcoin ain't going away, the politicians will be forced to swallow this bitter pill of reality.