Quote from: lalabotax on June 18, 2023, 09:27:17 PM

Quote from: tokyohd on June 15, 2023, 02:35:05 PM

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.

And this will continue to be appointed as FUD which affects the market. Because in reality, many people or parties really hate cryptocurrencies and will do various things to bring them down. Currently, various regulations have been created to control crypto business activities and will try to bring them down if they go against them. SEC conditions in the US are not new anymore. continue to find fault with various parties or platforms that exist in the US. Yes, and this is very influential because people's sentiment towards news like this is very high. For us, this might be normal and even give us an advantage to make a purchase. However, there are some parties who really panic or continue to push the crypto market to get worse.
However, I'm really not sure if this is the end of crypto. Because crypto is widespread, not only in the US.

Your perspective isn't entirely unfounded. But remember, all revolutionary techs face hurdles. True, the SEC and alike are strict on crypto scrutiny. But, it's not just about stunting crypto growth, it's also about safeguarding investor interests and market equilibrium.

Cryptos, led by Bitcoin, are already intertwined in our financial systems. Their global footprint and decentralization make them tough to 'dismantle'. I agree, this isn't crypto's demise. It's a purifying phase leading to stronger market norms.