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The Biden administration seems to havebeen cracking down on cryptocurrency fairly aggressively, I don't think I've seen so many stories concerning regulation an
by crocodiletears 5y ago
The Biden administration seems to havebeen cracking down on cryptocurrency fairly aggressively, I don't think I've seen so many stories concerning regulation and enforcement in the domain in such a short period.
- krono 5y agoThey have no choice but to gain more control over it. Crypto could very well be a make or break factor in whatever strategies they have planned to stop inflation.
- wallacoloo 5y ago> They have no choice but to gain more control over it. That’s a cop out. They have a choice.
- krono 5y agoSemantics. But yes, the US government is likely one of the few entities in the world that actually gets to choose.
- gher-shyu3i 5y agoTheir money pumping caused inflation in the first place.
- krono 5y agoYes and I'm certain they have extensively planned for the consequences before they went all overboard with it. It looks now that crypto wasn't taken into account to the extend that perhaps it should have been.
- belltaco 5y agoNothing in the government moves this fast. These regulations have been in the works for years and it took so long. However they might be prioritizing it more than the previous admin because Trump gave huge tax breaks to companies and had lax enforcement.