As we all know bitcoin has been up for the past couple of days, everything is looking very bullish and it seems like a new wave of investors in starting to pour in. Bitcoin Being up 10,000 over the past month makes it seem like this bullish momentum isn't slowing down anytime soon. However there is one little caveat that we cannot ignore. 
The Senate is voting on it's new infrastruction bill and it has some pretty shady provisions regarding the cryptocurrency market, apparently they want to put an end to anonymous defi and force kyc on every single wallet provider operating in the us. Not only is this awful for crypto but it doesnt make any real sense. How can you add kyc to metamask or uniswap, and if they did try to hack the sites everyone would just move their money to the next defi platform that pops up. Like literally everyone would just run off with thier crypto until the sec and the government gets overwhelmed with tracking crypto and eventually just give up.
The United States isn't the only country that uses bitcoin but sometimes we act like we are, it wouldn't be fair if everyone in South America and Canada could use Uniswap but no one in the U.S. cant. Defi in general can itself provide new platforms of wealth for the next generation of web users as well as the existing ones, so trying to strangle this branch of fin tech in its cradle could be suicide for our future economy. It's almost like the government wants to stick up everyone for thier crypto like a thief in a dark dingy alley.
Lets really think about whats going on here and who ends up benefitting from it, this new bill will provide and extra 20 billion dollars in revenue to the government from crypto that they dont need. They just dont want people making 100x gains, 10x gains, 5x gains, not even 2x gains without them knowing and taxing the heaven out if it. They dont want the little guy to become and angel investor, or small business owners invovled in crypto to become the new entrepreneur of the 21st century. Adding KYC to miners, validators and software developers could cause all sorts of confusion to how the crypto community is going to move forward and innovate, this bill should not get passed but take some profits just in case it does.
My Advice would be to sell up to 25% of your profits into dai or some other stable coin just in case the price decided to take a dip tommorow. Im convinced that this is just more fudd and this bill wont have any real effect on the longterm price of bitcoin or the whole cryptocurrency market as well. The government still has alot to learn about how this market works, so silly attempts to end this kind of decentralized innovations seems desperate and almost naive.
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