Coin Gabbar Token

<h2 id="header-0">Billionaire Investor Chamath Palihapitiya says &#34;Crypto is dead in America&#34; due to regulatory chokehold</h2><p>According to billionaire tech investor and Bitcoin bull, Chamath Palihapitiya, the <strong><a href="https://www.coingabbar.com/en/crypto-blogs-details/indias-stance-on-cryptocurrency-legality-an-analysis" rel="noopener noreferrer nofollow">cryptocurrency</a></strong> sector in the United States has been choked out to the point of death by regulators. In a recent episode of the All-In podcast, Palihapitiya stated that &#34;Crypto is dead in America&#34; and attributed the blame to Gary Gensler, the chair of the U.S. Securities Exchange Commission.</p><p>Palihapitiya believes that the U.S. views crypto as a threat to its &#34;establishment,&#34; but he did also point out that the crypto sector pushed boundaries more than any other startup economy, which may have attracted regulatory attention.</p><p>Palihapitiya also acknowledged that good actors in the industry are now &#34;paying the price&#34; for the bad work done by firms like FTX, which has impacted the industry&#39;s reputation.</p><h3 id="us-regulators-suffocating-crypto-innovation-and-threatening-legal-action-against-coinbase-say-industry-insiders">US regulators suffocating crypto innovation and threatening legal action against Coinbase, say industry insiders</h3><p>Meanwhile, co-host David Sacks suggested that the U.S. may be attempting to suffocate cryptocurrency because it could threaten the dominance of the US dollar. However, Sacks also expressed concern that pushing crypto companies offshore would be &#34;terrible for American innovation.&#34;</p><p>Others have described the issue as &#34;Operation Choke Point 2.0,&#34; which allegedly involves regulators discouraging banks from holding crypto or providing services to crypto companies. Palihapitiya expressed bafflement that Coinbase, a digital asset trading platform that had &#34;played by the rules, stood in line, and tried to do the right things,&#34; was no closer to receiving regulatory clarity than the now-bankrupt <strong><a href="https://www.coingabbar.com/en/crypto-currency-news/ftx-might-have-to-create-a-new-crypto-to-pay-its-legal-fees" rel="noopener noreferrer nofollow">FTX</a></strong>.</p><p>In March, the SEC issued Coinbase a Wells notice, which typically implies that the regulator plans on pursuing legal action against the firm for potential violations of U.S. securities laws. Coinbase CEO Brian Armstrong has stated that if a lawsuit is filed, the exchange will be ready to litigate.</p>

Palihapitiya Blames Regulators for Killing Crypto in America

目次

Coingabbar

2023年4月26日公開の他の記事

Apple Removes Bitcoin Whitepaper from macOS Ventura Beta

Trust Wallet Partners With Web3Auth to Simplify Web3 Onboarding Using Social Logins

XRP Token Plummets to $0.001 on Bitrue: A Technical Glitch or Exchange Problem?

Experience Polygon's Power with Polygon NFT Sender

CRO Spikes 13% Following a Partnership Between Amazon and Cronos

Role of NFT in our life

ニュースレターを購読して暗号資産の最新情報を毎日入手！