It looks like United States could be another China for the crypto industry. China has banned all crypto related activities in its country.
I guess that US may try to follow the footsteps of China by not having clear regulations about the crypto industry and they may go for the crackdown on the industry.
Politico
The crypto community and companies in US are showing concern because of the uncertain crypto regulations in the country.
A recent statement by Coinbase CEO Brain Armstrong that he may think of relocating the company moving away from US if the uncertainty about cryptocurrency regulations remains.
I don't know what the US is thinking right now. But I have seen a user on Hive sharing concern, some platforms look to be pulling out, stopping their operations in the country, while some may be thinking about it.
Some time ago, I thought US is a crypto friendly country, but after seeing the recent concerns and reports, I now feel like US is going to crack down on crypto like what China did.
So far, it looks like US is not at that point where China is, but any strict regulations without the consent of the crypto community may also going to restrict the community from some of the crypto activities. Or maybe they may see it as a hurdle stopping them from getting involved in the crypto anymore.
Now that according to reports, there are no clear regulations for the crypto industry in US, it still is a matter of concern for some.
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