As predicted the SEC is trying to shutdown the crypto industry in the US:
" The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (COIN.O) to stop trading in all cryptocurrencies except bitcoin before suing the cryptocurrency platform in June, the Financial Times reported on Monday, citing CEO Brian Armstrong.
"We really didn't have a choice at that point. Delisting every asset other than bitcoin, which by the way is not what the law says, would have essentially meant the end of the crypto industry in the U.S.," Armstrong told the FT."
https://www.reuters.com/technology/sec-asked-coinbase-stop-trading-cryptocurrencies-other-than-bitcoin-prior-suing-2023-07-31/
Trump is a terrible person but one of the reasons it was good that he was elected instead of Clinton is because a) it gave the crypto industry four more years to grow without much government interference b) the three Supreme Court justices that Trump appointed are much more likely to be crypto-friendly than those that Clinton would've appointed.
" The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (COIN.O) to stop trading in all cryptocurrencies except bitcoin before suing the cryptocurrency platform in June, the Financial Times reported on Monday, citing CEO Brian Armstrong.
"We really didn't have a choice at that point. Delisting every asset other than bitcoin, which by the way is not what the law says, would have essentially meant the end of the crypto industry in the U.S.," Armstrong told the FT."
https://www.reuters.com/technology/sec-asked-coinbase-stop-trading-cryptocurrencies-other-than-bitcoin-prior-suing-2023-07-31/
Trump is a terrible person but one of the reasons it was good that he was elected instead of Clinton is because a) it gave the crypto industry four more years to grow without much government interference b) the three Supreme Court justices that Trump appointed are much more likely to be crypto-friendly than those that Clinton would've appointed.