Quote from: TimeTeller on April 29, 2022, 11:10:12 PM

Quote from: verita1 on April 29, 2022, 11:05:55 PM

In the United States we are seeing more cryptocurrency exchange platforms that are operating as well as dapps.
It is well known that there is an important movement of developers who are building to make the main capitals of the United States a boost for blockchain, bitcoin and cryptocurrencies.
So a law to regulate the use of altcoins, stablecoins that prevent any act of fraud will give American users security when investing in cryptocurrencies.

And also, we are already heading in that direction. The government just want to protect those individuals who will be in this market.
Just take for example, who will audit these stable coin platforms, if not the government?
If you are legit and claiming that you have the actual assets pegged to a stable coin, you won't be afraid of the government regulations.
Because for me, this will give security to newcomers, who are new and no idea how scammers work in crypto.
At least with the intervention of the government, they are quite protected. And then, they can move on to other alts once they got a good grasp of the market.

Well that's what their excuses on going after exchanges that doesn't have KYC or not enforcing it. And projects that are scamming people, government wanted to protect the consumer as they are mandated by law.

I guess this is not new, again this started in 2017 wherein CFTC suddenly started this whole crusade against everything related to crypto and this continue up to this day.