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The Biden admin is reportedly preparing to release an executive action to regulate Bitcoin as “a matter of national security”
Community Reaction: The White House wants to bring order to the ‘haphazard approach’ that is currently being employed by regulators to Bitcoin.
Note to newbies, learn how to take custody of your assets. Learn how to pull them off of the exchanges. The exchanges will be hit the hardest first.
The borders are open, businesses are shut down, supply chains are broken, we (US) only produces 15% of the goods we demand, cities are destroying themselves, and now they are to “protect us from crypto volatility”? -Crypto technology isn’t the issue!!
They can’t touch NFTs. They’re protected by the 1st amendment and the 1933 securities act. Non-taxable in the secondary market via P2P if no intermediary is used. NFTs are the future 100% decentralized currency.
Russia is put under pressure with the SWIFT payment system during its conflict and seeks an strategic exit from this threat. Bitcoin comes into play and now a new version of sputnik prestige competition? The difference today: every country can participate in this race.
Why would they put forth regulations for a single coin? Sounds to me like they’re going to create the US Bitcoin MINING COMMISSION formed by the US Treasury
It seems like regulation that we need in the space regarding the rules of the road for regulators and exchanges. A nothing burger.
Because the US government is so good with money right? The first thing we need to do is outlaw lobbying, then we can go from there.
Governments don’t regulate bitcoin only the derivatives.
That’s an admission that Bitcoin works.
Does the USA have the right to regulate something outside its jurisdiction? BTC is traded worldwide when I checked last.
There’s not a single Bitcoin holder that thinks the govt can completely destroy the price by banning everything. Doesn’t matter if it’s decentralized, if it gets banned the price will collapse.
White House who is representing our freedom to hold private property? How are you avoiding a surveillance state – assuming everyone is a criminal? Hasty moves will create criminals and political blow back. This is a job for CONGRESS! Stop abusing power!
Translation: Bitcoin is a threat to the US Dollar hegemony.
I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking you guys should Follow
Bitcoin and price action under 40k means a bearish trend. Bulls would need to tackle the 45k 50MA, and the 52k 128MA levels to flip the market structure. R$I is trending down.
Bitcoin has over the years continued to solve poverty problems and buy food and living supplies for other countries so they can survive and thrive. Bitcoin is fixing real world problems.
I’m not worried about Bitcoin, the strongest computer network and monetary technology in the world. I’m actually worried about those who have sold their BTC for fear
I see Bitcoin slowly becoming a substitute currency for banks. Playing same role as gold did in the early days. Replacing the fiat currency.
