Financial guy on tv said the other day, that in the next couple of yrs, crypto will be regulated out of existence by the gov’t.
“Financial guy on tv said the other day, that in the next couple of yrs, crypto will be regulated out of existence by the gov’t.”
hopefully, there won’t be any new regulations ... the old ones will be good enough ... there’s not special legislation for Beanie Babies and Franklin Mint Figurines, so why so for imaginary “money” ...
heck, even enforcement of the wash-trading rules will destroy crypto because that’s the only means that it obtained “value” in the first place, namely faking trading volume and pumping the fake price ...
and of course paying interest on non-interest-bearing imaginary money is and was a scam from the gitgo, said interest being obtained only by winning long bets in the fake perpetual futures “market” for crypto ...
and when crypto crashed and the bets all turned sour, ftx, voyager, genesis, gemini, blockfi, celsisus and all the rest went belly up and their coffers turned up empty because they had bet and lost their customer “deposits” ...
I disagree. If we the citizens do not stand up to the Government, it will be regulated INTO existence.