Actually there is nothing US government or any other government from other countries can do against cryptocurrencies, because they work in a decentralized format out of governments' control. Authorities can impose how many bans they want on crypto, and their citizens will still use and invest on it, like we have been seeing in China, Egypt, Bolivia and other countries where crypto is illegal.
To deal with crypto is already part of the daily and private routine of many people around the world. It can't be stopped anymore and governments aren't fool: they know about that! So why to start a conflict for something that is out of their control and that can't be solved as they desire? Of course they will go through the diplomatic route.
To deal with crypto is already part of the daily and private routine of many people around the world. It can't be stopped anymore and governments aren't fool: they know about that! So why to start a conflict for something that is out of their control and that can't be solved as they desire? Of course they will go through the diplomatic route.
As it's said in the real world, "if you can't beat them, join them". Governments already noticed their efforts to take down crypto/Blockchain tech are futile. So they'd have no other choice but to join the revolution. The most likely case would be giving the "green light" for anyone to use crypto as long as taxes are paid in return. Everybody wins this way.
I think even oppressive governments like China and Russia will change their mind and adopt decentralized cryptocurrencies for their own benefit. China already took a step forward by choosing Hong Kong as the next epicenter of crypto/Blockchain tech. It's seeking the investment of prominent crypto companies and startups within the region. Maybe Russia will do something similar in the long run? Whatever happens, you can rest assured crypto won't be going anywhere soon. It's here to stay forever. Who knows if it lives alongside digital Fiat currencies (CBDCs) for generations? Just my opinion
