The way SEC Chair Gary Gensler has worked on a noval policy to destroy the crypto industry by suing Coinbase and Binance, analysts think that it will promote a form of crypto that is controlled by the dollar economy.
FED admits Crypto's staying power for itself
Fed Chairman Jeremy Powell has acknowledged the staying power of crypto (Bitcoin and altcoins) as an asset class in the US economy. This is a big part of new form of crypto industry that is coming in US, FED is unable to control inflation, and now there is danger of De-dollarisation, so there is no choice expect to make BTC value checked with USD, instead of BTC = BTC.
The Race for BTC ETF is in effect
The increasing craze for Bitcoin ETFs in the US industry is also proving that the US economy wants to control Bitcoin.
The SEC disallowed DCG's company, Garyscale; however, BlackRock got clemency, then Fidelity came in, and then Valkyrie, WisdomTree, Invesco, etc. jumped in. Their job will be to control Bitcoin for their own benefit.
EDX Crypto Market of Wall Street
The Wall Street-backed cryptocurrency exchange platform may be a big surprise, but it's not the end of Wall Street investing but the beginning of a new type of investing. EDXM might strengthen Wall Street's control over crypto by only giving crypto investors the option to invest in Wall Street companies behind the exchange.
