4 ms·
As soon as Bitcoin market cap starts shooting up, the SEC starts banning coins and increasing regulation. It’s a correlation as clear as day. The US government
by programmerslave 6y ago
As soon as Bitcoin market cap starts shooting up, the SEC starts banning coins and increasing regulation. It’s a correlation as clear as day. The US government is actively trying to suppress Bitcoin/crypto growth. This is no coincidence
- onethought 6y agoBut they aren't banning bitcoin though :\ Wouldn't that be the way to suppress it?
- unwoundmouse 6y agoThey don't have great legal grounds to attack bitcoin imo, only threat to national security or treason or some bs
- onethought 6y agoWell, rather than attacking alt-coins wouldn't lobbying for laws to allow them to block bitcoin exchanges (or tightly regulate them) as other countries have done be stronger evidence they were trying to undermine crypto? The GP has drawn a strange correlation in my opinion that doesn't follow logic. But I admit I could be missing the logic.
- quickthrower2 6y agoLegit Bitcoin creates tax revenue so there is that too.
- deleted 6y ago[deleted]
- pluc 6y agoTake your tinfoil hat off, the SEC might time their interventions but a scam is a scam.
- lhl 6y agoOn the contrary, one could argue that the drop in XRP prices (and corresponding outflow of capital) has been one key drivers of the successive ATHs BTC has hit this week. Longer term, there are many other tokens/protocols that can fulfill XRP’s functions without its obvious weaknesses.
- etrabroline 6y ago>The US government is actively trying to suppress Bitcoin/crypto growth It's complicated. US regulators would absolutely ban all crypto if it started threatening the dollar and they had no other choice. However right now that isn't happening, and they are actually only going after pretty clear cases of fraud, which it seems like XRP was doing.