Yeah, it's not the entire market that needs regulations but those centralized exchanges and services that can be said to be at their control. These banking system are nowhere to go and that's why they're looking for ways to bail out and to tell people that they're doing good even if it's visible in our naked eyes on what's actually is happening on them. Together with the government, they're helping each other trying to regulate crypto but in reality, they should be the one that must be monitored because of the scenarios and events that has shown to the world on how corrupt they are.
We have been waiting for regulations for a long time, and until today there is none. Generally, people who like to invest will not touch something that is not regulated because who knows that by the next few days, BTC could be banned. I suppose it's the fear by the many investors in the US who had so much trust in thier SEC that also wants to keep crypto dead.
While they are introducing FEDnow also, I guess the goal will also be to make FEDcoin look better than BTC.
That's right. If it's for us, we know what we like and that's why regulation must also be regulated. But long time ago and before all of these issues, we wanted the government intervention at least. Because we know that it will drive the price of bitcoin which is really true and became a reality. But then, we saw how it's making things not really interesting anymore and with all of the banking collapses. Then, they should look for some other things to be regulated first and take that action before intervening with the crypto market because it doesn't sound good that the regulated ones are collapsing while they're wanting to take action for the unregulated and decentralized market that's doing good. Anyway, it's all where the money is going and they know that it's in here, on this market, bitcoin and the entirety of crypto market.