'Is the US Going to BAN Cryptocurrency?' by elnaz_sarraf decentralizedinternet quicknode
Since the very beginning of the crypto trend, lawmakers in Washington D.C have tried to come up with new and unique ways of controlling or regulating cryptocurrencies, and some have even gone so far as to ask for aon cryptocurrency in general.
The executive order also asked the Financial Stability Oversight Council to find any gaps in the regulation of cryptocurrency. This means all the little loopholes that crypto users take advantage of to avoid regulations and taxes might eventually be found as well. In short, there’s no getting rid of the government.
has been tabled in congress by congresswoman Maxine Waters. According to the congresswoman, this bill is aimed at countering the financial influence of so-called bad faith actors like China and Russia. The bill is around 3,000 pages long, and in between those long pages, there are certain things that have crypto investorsIt would basically give the U.S treasury secretary the power to strike down transactions oncrypto exchange out there.
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