Ban crypto? Please, if you wanted to be this draconian, you would see the following things happen:
- People will pack up and leave the US or any country for another jurisdiction, particularly dual nationals (plenty of them nowadays);
- High-net-worth individuals that can easily send money elsewhere
- More US-based crypto companies are already contemplating moving abroad because of the heavy-handedness of US regulators (and a few notable senators that detest crypto assets)
- It will drive the market underground. Moreover, this would also involve the government knocking on people's doors to sequester their hardware wallets.
Crypto Beat, this is not aimed at you, as I acknowledge that you mentioned:
"The future of cryptocurrency remains uncertain, but one thing is clear; cryptocurrency is here to stay."
Instead, it is aimed at anyone who genuinely believes or wants crypto to be banned.