In a recent CNBC interview, U.S. Congressman Brad Sherman openly expressed his hope for the end of cryptocurrencies, a stance that will ruffle the feathers of crypto enthusiasts. "I hope so, don't think so," was Sherman's succinct response when asked if the ongoing crackdown signaled the end of cryptocurrencies in America. His caustic comment follows recent regulatory actions taken by the SEC against major cryptocurrency exchanges, 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.
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https://u.today/is-this-the-end-of-crypto-this-us-congressman-hopes-soEverybody can express themselves the way they feel. His views have also been shared by many Bitcoin critics, some even predicted the year bitcoin will become worthless. But these sentiments and predictions have always failed and the coin keep getting stronger and stronger. To think of it, did the crackdown on Binance and Coinbase affect the Bitcoin space negatively? It didn't as they expected. So I am sure that they are arranging another strategy to attack the sector. When China banned Bitcoin, many anti-Bitcoin forces thought that the sector will get to its kneels. But the system was able to overcome the shock. If the US decide to ban Bitcoin today, the sector will still survive and recover. But it will be a big blunder to do that because it will lead to loss of revenue and jobs in the US.