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Board Beginners & Help
Re: Is This the End of Crypto? This U.S. Congressman Hopes So...
by
Hyphen(-)
on 15/06/2023, 20:46:25 UTC
, Binance and Coinbase. The Congressman, who is well-known for his anti-crypto stance, took issue with the idea that cryptocurrencies could benefit the economy or consumers, stating that their primary use was to evade the U.S. government and sanctions.


The question to ask the congressman is, aside from the various attacks and sanctions of cryptocurrency services providers e.g. legal battles with exchange and other cryptocurrencies gateways that are located in their jurisdictions, what else can their directly to end cryptocurrencies like bitcoin?
I don't believe anyone, not even a country or an organization, can put an end to Bitcoin's rise because Bitcoin is independent and decentralized, unlike altcoins, which can be regulated by the government due to certain financial rules.

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The answer is not far from the truth, which is nothing the US government can do to end cryptocurrencies unless for those that are centralized and other their control,  and the highest the US government can do is to block access to cryptocurrencies through the exchange closures and the rest of other cryptocurrencies easy access.
To me, this is merely talk since he is in a position to discuss the matter, but the US government as a whole cannot stop Bitcoin; the only thing they can easily do is stop using exchanges, which can never stop Bitcoin.