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The reality is Treasury does not have the political capital to outlaw Ethereum. It's a $200 billion asset that one in ten Americans and many of the largest pens
by dcolkitt 4y ago
The reality is Treasury does not have the political capital to outlaw Ethereum. It's a $200 billion asset that one in ten Americans and many of the largest pensions, hedge funds, and Biden's largest donors are invested in.
- helen___keller 4y agoYes. That’s why they would rather try and moderate crypto networks rather than ban. If they don’t succeed, I’d expect more heavy handed attempts by other branches of government. I don’t think the government will ever give up, in large part because I think there is political capital and mandate to regulate crypto (just not ban it). If crypto crashes even further, a full ban might be possible some day.