Beyond Bitcoin Ep 72 — Is Crypto Under Attack by US Government Agencies? If so will the US be left behind?
With our special guest, Lou Kerner
President Biden’s Executive Order on March 9 2022 appears to be the beginning of a new phase in the USA.
In short, it states
a) We must protect consumers, investors, and businesses in the United States.
(b) We must protect United States and global financial stability and mitigate systemic risk.
© We must mitigate the illicit finance and national security risks posed by the misuse of digital assets.
(d) We must reinforce United States leadership in the global financial system and in technological and economic competitiveness,
(e) We must promote access to safe and affordable financial services.
From Secretary of Treasury to the SEC no less than 17 departments were ordered to review and provide recommendations
The outcome so far — In February the SEC heightened its wave of attacks on the industry on Staking, then stable coins and now suggesting it will put restrictions on Hedge Fund Investment into the industry.
Maybe Mahatma Gandhi’s great statement is applicable. “First they ignore you, then they laugh at you, then they fight you, then you win.
Enjoy the first of our series on US Regulations friend or foe.