Hello My Friends, recently the pressure on the cryptocurrency markets has begun to increase. Regulation threats and commodity bets have started to occupy your agenda.
One purpose; Delaying Bull ...
I advocate regulations to protect investors and projects. It brings order to the cryptocurrency markets. My objection; They intimidate investors by putting pressure on cryptocurrency markets through their regulations.
I want to share some news with you...
Democratic senator Elizabeth Warren, who is against cryptocurrencies, made statements saying, "I am building an anti-crypto army." He declared that “terrorist groups, rogue states and fraudsters use cryptocurrencies.” A Small Question; Don't these groups use USD, EU, Gold, Silver...?
Regulation
Rostin Behnam, Chairman of the US Commodity Futures Trading Commission (CFTC); He said most cryptocurrencies are commodities under current laws. Behnam emphasized that the laws need to be updated in line with technological developments. The president, who was a guest on CNBC, stated that crypto is here to stay and therefore more comprehensive regulatory frameworks need to be established urgently. Behnam also stated that one of the biggest obstacles to regulating digital assets is the ongoing struggle between various agencies such as the SEC and CFTC over who will regulate the industry. A Little Suggestion; The institution that will regulate must first learn and understand blockchain technology and exchange information with experts and organizations in the markets. He must decide what to do next. Human nature instinctively either closes down or tries to destroy things it does not know.
As you have read, my friends, lawmakers do not know what to do. There is a power struggle between Dark and Light, just like in Star Wars. Unfortunately, there is no "feel the power within"...
When I started writing my article, all markets were focused on the statements of US Federal Reserve (FED) chairman Jerome Powell. Will there be an interest rate increase...? won't it happen...? Or will it remain constant...?
I think theater is being played to worry cryptocurrency investors.
You ask why … ?
Will the system that led the economy to disaster, prints money for free, and points its finger at the cryptocurrency markets find a solution...?
If you want improvement in the economy, you will change the system.
“Walking the same path will not give you different results…”
My Last Words; My friends, I support every step to be taken to protect investors. The first requirement for fair regulations is to know blockchain technology and how it will shape the future. We are waiting for the bull calmly.
As I always say, Listen to everyone and decide for yourself... Good Luck
Luck does not help those who do not want to work. Sophocles
