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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.

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Crypto with Lorenzo
Crypto with Lorenzo

Written by Crypto with Lorenzo

Aussie crypto enthusiast. Nothing here is financial advice + DYOR. I will never contact you first, and beware of unsolicited communication. On X & Bluesky.

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