Quote from: ARTURVH on August 06, 2021, 01:43:26 AM

"In my view, the legislative priority should center on crypto trading, lending, and DeFi platforms”

....How do you interpret the sentences?

It's just because governments want to fight their right as a guardian of the financial sector. Since it's noticeable the recent pump of Bitcoin and other cryptocurrencies price, the governments want to heavily regulate those legally operate services that involved and related to the financial business that government will take their part that as much as possible, crypto users should be able to pay their income tax. It might be this is the reason why the Binance exchange platform has had a bunch of changes recently and it's obviously related to the government's regulations. But despite this heavy regulation by the governments towards the crypto market sector, the rise of cryptocurrencies remains a challenge.

Quote

"For those who want to encourage innovations in crypto, I’d like to note that financial innovations throughout history don’t long thrive outside of our public policy frameworks.”

Fun fact, Cryptocurrencies will still exist even though how they are trying hard to regulate them. There are too many ways to avoid regulations and let's continue the decentralized nature of cryptocurrency. It's all about financial freedom.