Hi if you are not already irritated with the public servants in the united states go America this blog is going to absolutely infuriate you because we are not going to get Crypto regulation probably until 2025. What is happening?. We have the presidential election in 2024 and we get a brand new president. They are going to want to make some changes. Remember the current sitting president was the one that put Gary Gensler into power at the SCC. And as most of you know public servants across the board are just absolutely fed up with him. Because we'll have
the Crypto contagion the collapse of centralized exchanges , lack of regulatory clarity. We have massive companies like ripple , Gemini , coinbase , setting up shop overseas, hiring people overseas and big VC firm too. And again this is directly hurting the united states of america economy. No innovation, lack of jobs, lack of text payer revenue all of that type of stuff. But why we are not going to get any type of clarity when it comes to Crypto because the are little bit busy when it comes to other sector. So congress is currently focused on the house speaker race, the I conflict and the government shutdown which is going to delay Crypto legislation because again, that is not their main priority.
However is not it very interesting that the government shutdown was kind of stopper for now in the begining of the month and than all of this stuf started happening with all these conflicts. So we have the house speaker race we have and its between rep scalci and rep Jordan with Patrick or Mchenry as the temporary speaker. McHenry really want some Crypto guidelines once put legislation and wants to get this done. So we don't have any more issues with Crypto because you know they got to put in that CBDC, the stable coin bill, all of those things. However though, he is being immensely cautious because of the geopolitical landscape. Its on not doing right now. But again he does want votes on Crypto ASAP. However they are not going to focus on that because then it'll make him look bad.
The good thing about Crypto and why should they shouldn't necessarily attack these decentralized exchanges is because you can literally you can literally track everything unlike money.And if we follow the money and we do our due diligence, we could see our public servants completely profiting off of all of these tragic events. And with some of Congress believing that crypto is only for criminals, the stable coin bill is definitely going to get pushed back.And the next election cycle is going to complicate these events a lot more.
Because it's going to be interesting to see, number one, who wins , what type of policies are implemented and if Gary Gensler actually does get out of office and who the current sitting president or the next sitting president is going to put into office. So we are probably not going to get any type of clarity anyway, shape or form in the United States of America, even though we desperately need it.
Thank you so much for reading my blog.