The United States have strict regulations on these cryptocurrencies, but not outright banning them like what the Chinese government did. However, assuming that it’s gonna happen, it will cause a huge impact in the entire crypto market. We could see a decline not just on the price alone, but for the number of wallet holders as well like what is happening in the UK now.
- Especially during this time, we have also seen the establishment of a lot of miners in the United States, they are the ones who have moved from China to the United States to find more comfort in certain regulations, if the US suddenly goes into a crypto ban, with such unrecovered losses, they will force liquidation of some more cryptos and as a result, the market will continue to have problems falling. But it is true that the US is still only requiring a few tax filing and declaration processes, they do not have a comprehensive ban