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The war on crypto currency has begun! Over the last few months, the United States government has been ramping up its efforts to crack down on crypto currencies.
We’ve seen debates start on who should be regulating crypto currencies: the SEC, or the CFTC. We’ve also seen the arresting of employees in the NFT marketplaces, like Nathaniel Chastain, for insider trading. And most recently, the United States Treasury sanctioned tornado cash.
So why are they doing this, and why now? If you stick with me, I promise you will not like the end (where the government is going with this attack).
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Timecodes
0:00 Video Overview
0:45 Intro
0:53 Who Should Run Crypto Currencies
3:37 What Is a Crypto Currency
4:51 The Howey Test
7:32 The Reality of Crypto
15:22 Outro
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#WaronCrypto #BTC #Regulations
39 Comments
Watch out for the scammers coming out of the woodworks in this comment section 🤦🏻♂
This is why I don’t see Bitcoin being allowed to take over. It violates the basic sovereignty of nations. Governments won’t allow it. They’ll make their own CBDC and make Bitcoin illegal.
Regulation of crypto isn't necessarily all bad. It can be quite bullish if it sets expectations, makes the market place more fair and provides the stability businesses need to invest in it.
I think I’m too old to take these “investments” seriously…
Most important video you've ever done.
The most anti freedom/anti American admin I’ve ever seen lol
Nice!
Right on, it is speech. BTC good, CBDC bad!
What is NFT ?
At some point there will be a collective pushback … when markets crash or dollars collapse
Excellent explanation
Government is a mafia … pretty simple
The statement that the government has no surface area of attack to stop Bitcoin is false. In China the government stopped Bitcoin usage to some extent by jailing anyone who used or mined it. The US government could do the same
Nice work Joe. Keep rockin the front lines!
I hope all these liberals hippies are getting everything they wanted lol.
👍
Yeah, whether NFTs or something like Bitcoin, they are more like a product, legally speaking, than money. The only legal money is Gold & Silver, and by extension, the I.O.U.'s that governments use in place of legal money. Unless or until they change the way that the law looks at things like Bitcoin and NFTs, I'm not sure how successful they'll be in prosecuting this kind of thing. The fact that there is this kind of transparency to the NFTs and cryptos, where governments can know or watch what you're doing would be enough to keep me out of them. If I wanted to be outside of the system, I'd want a form of money that cannot be seen by government. This is why people should be purchasing Gold & Silver.
If any "one" gets to run cryptocurrencies… They are worthless.
You nailed it! Tools using a power tool to screw others.
Bots everywhere this is Twitter 2.0
excellent video 👍
Catherine Austin Fitts contends that the govt has allowed cryptos to continue unregulated as a means of prototyping their forthcoming CBDCs. Essentially, a giant beta test of digital currency. Ouch.
Monero !
"They won't give peace a chance. That was just a dream some of us had….."
Its a great idea to keep some Monero and ZCash. Maybe it is usefulin black market when the gomen turn to tyranny kingdom
The govt is just eliminating any competition so when they collapse the dollar they can replace it with a digital currency. They want to leave people with absolutely no way out from this digital nightmare. The gov't will just BAN bitcoin and that will be the end of it. China already did. America will too.
The FEDS don't like losing their control over our money!
Great analogy with the 1st and 2nd amendments.
With your comparison to Bitcoin and am excel spread sheet, you completely disregarded the mining operations, energy inputs, hardware, real estate and labor involved in Bitcoin, and many Cryptos.
These aren't just ledgers; there is large infrastructure behind bitcoin specifically.
Would enjoy seeing a second video on this topic, arguing the differences between a farmer with a tractor and some field hands, and a bitcoin miner with a few racks and a tech.
No, no, no!!!
SEC only see’s three prongs of the Howey Test. In the case of SEC Vs Ripple.
So that they can use it to their own ends and agenda.
You do not want SEC in control of Crypto.
All Cryoto is a security
All trades are illegal and are trading securities, even on the secondary markets.
Top SEC chairman is
over-lord all seeing all knowing, never wrong, can do no wrong.
Gaaaarryyy!!!
Correction
You said types of crypto
Some securities, some commodities.
What about currencies?
To stop.
Well only in the USA.
Other countries have already sorted their regulations.
Well done USA.
Some of the House of Representatives senators inside trade on stocks and up coming new Bills and get away with it all the time. So how is NFT insider trading any different???
Yea talking about big time insider trader, Nancy
So you think that chastain should have been left alone to pursue those trades? Or is it just that you don’t want the doj involved, and the agency responsible should just manifest itself automatically?
That’s the definition of fungibility and the difference between mediums of exchange and assets.
Do you like money? Should the dollar be regulated?
I’m confused about what it is you want to see happen… if up to you.
Don't underestimate the power of the government to bend you over
Pelosi dose the same thing, why she don't get arrested?
The Crypto Banter channel are the biggest pump and dump scammer influencers. They even have bots to spam the chat with a flood of fake positive comments so people won't read the critics.