Recently Brett Sherman was nominated to chair of Investor Protection, Entrepreneurship and Capital Markets. He will surely have the power to influence bills that can get introduced into Congress. He has been incredibly anti-bitcoin and will surely try to pass bills that will stifle the growth of the industry. Also recently BIS head has been advocating Central Banks begin to use digital currencies for themselves. This will surely play out as a way to out-compete crypto.
https://www.bloomberg.com/news/articles/2019-12-05/bis-wants-central-banks-at-center-of-digital-cash-revolutionDiscussion: How can they community rally together for what is to come? Are we ready for when governments restrict / sanction any capital flow into exchanges? How prepared are we for these things?
These people are just wasting their time trying to fight something they bearly understand what it is and its relevant importance it has. Bitcoin has been in the financial ecosystem for ten years now and its ecosystem and market keeps growing. Only ignorants will have problems with the existance of bitcoin....
Nah! I don't think that Mr. Brett Sherman would like to shut down crypto. I understand his role to protect the community from scams and others form illegalities when it comes to the financial situation but he should wisely think of what he does next. Yes, he might have the power to influence the market in a way of price manipulation but most likely he never succeeds cause he is just one against the millions of people supporting crypto.