1/🚨The US attacks #crypto via regulation, while China & others become more crypto-friendly. As jurisdictions differ in their approach to crypto, the global landscape is shifting. Let's dive into this high-stakes battle.🌐👇
1/🚨The US attacks #crypto via regulation, while China & others become more crypto-friendly. As jurisdictions differ in their approach to crypto, the global landscape is shifting. Let's dive into this high-stakes battle.🌐👇
2/ Security or Commodity? The CFTC calls #BTC & #ETH "commodities," while the SEC claims they're securities. This fundamental disagreement highlights the confusion around regulation & classification of crypto assets.🤷♂️
I think it is a power play. By calling them cmmodities, the CFTC can provide oversight. This pushed the #sec to the side, which it doesnt like.
Hence it has to call them all securtieis.
3/ CFTC vs. CZ & Binance: The CFTC is accusing CZ of insider trading on the Binance platform, claiming that over 300 accounts are linked to him. This might just be FUD, as CZ's operations are mostly overseas.🔍
4/ China's changing stance: As the US cracks down on crypto, China is becoming more crypto-friendly, signaling a coordinated move to adopt innovative blockchain technologies. This could be a new war frontier between nations.🔥
5/ Pro-crypto vs. anti-crypto: While some jurisdictions ban crypto, others embrace it as a way to foster innovation & attract entrepreneurs. We're witnessing a global shift in how governments & corporations view crypto.🌍
6/ Crypto: A new war frontier. As we've seen in the past, innovation is often fought before being embraced. The battle over crypto & blockchain tech is just the beginning
7/ As the battle over crypto & blockchain tech intensifies, countries will compete to establish their stance on these innovations. This could reshape global economic landscapes and power dynamics.💥
8/ The undeniable potential of crypto: Despite the resistance, #cryptocurrency and blockchain technologies offer a world of opportunity for communication, trade, and asset representation. The innovation they bring is irrefutable.🌟
9/ The cycle of innovation: Newspapers fought the internet, radio fought television, and the horse & carriage fought motor vehicles. History shows us that innovation is often resisted until it becomes undeniable. #Crypto is no exception.💡
10/ In conclusion, as the world navigates this new war frontier of crypto & blockchain technology, we'll witness a global shift in how governments, corporations, and individuals interact with these innovations. Embrace the change!🚀
Hong Kong rubbing their hands now!
Doesn't it make you lol that suddenly the narrative is that China and Russia...
2 of the most authoritarian, selfish governments...
Who are hell bent on controlling every aspect of their citizens lives so their respective regimes remain in power...
Are suddenly "crypto friendly"?
Come onnnn.