This Worries Me!! White House Crypto Crackdown Coming?!
I'm sure you've all heard about the White House's crypto framework by now, but I bet only a few of you have read it!
Luckily you have me to break it down for you and explain exactly what it means for the crypto market. In short, it's not good.
Not to play politics, but it seems that the current administration is extremely anti-crypto. This was evident in the part of the framework where they basically say all cryptocurrencies should be banned because they're pseudonymous and allow peer to peer transactions.
There was also no shortage of loaded terms such as 'responsible innovation' and 'common sense efficiency' in the context of crypto mining. Obviously the adjectives in these terms are up for interpretation, and I reckon that's the entire purpose of them.
This just scratches the the surface of all the crazy stuff in this fact sheet. Be sure to watch until the end so that you're informed!
⛓️ 🔗 Useful Links 🔗 ⛓️
► White House Crypto Framework Full Text: https://www.whitehouse.gov/briefing-r...
► Coinbase Pro Crypto Politician Tool: https://www.coindesk.com/policy/2022/...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.