A NEW SET OF CRYPTOCURRENCY INSTRUCTION HAVE BEEN RELEASED

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What if the US government decides to act against cryptocurrencies now that the bear market is at its worst? The U.S. government is currently exerting more pressure on cryptocurrency since a lot of bad news has been coming out over the past week, and the news has also helped make room for central bank digital currency. There is plenty to discuss regarding the SEC's claims to safeguard average investors, but in actuality, they are not doing it correctly. The sec must provide regulatory clarity if it wishes to safeguard the industry's regular investors.

A day after the Ethereum merger, Gary from the SEC stated that all Proof of Stake networks should be viewed as investment contracts. You should be aware that if this continues, every proof of stake coin will be seen as an unregistered securities, which might result in a significant delisting of all Proof of Stake coins from the U.S. market. Of course, the crypto market will experience a big sell-off as a result. The sec is aware that the proof of stake is not a contract for investments, but their objective is to destroy cryptocurrency and protect Wall Street with the Federal Reserve.

You should be aware that Gary frequently refers to cryptocurrency as a form of security. He believed that the majority of cryptocurrencies operated illegally because the majority of them were securities. This claim would be disastrous for cryptocurrency if it came to pass. Banks will be required to retain cash to cover these liabilities as a result of Sec's new directive to regard cryptocurrency as a liability, making the asset unprofitable for banks. All they want to do is stop the U.S. financial industry from adopting cryptocurrency as a form of custody, which is already beginning to happen.

Additionally, the White House came up with some stunning ideas that draw attention to Proof of Work mining. We observe Greenpeace spending $1,000,000 to oppose Bitcoin. The white also discusses ways to safeguard investors against financial loss. Government efforts to prevent investors from losing money due to the current crypto scaling are, in my opinion, a horrible idea. On the other side, if the sec is the one doing it, the result won't be favorable. The federal reserve's digital currency will be introduced as a result of the new regulations that are being made public.

Since CBDC is so potent, in my opinion, it might be one of the most hazardous financial instruments in recent memory. It will be marketed as a tool for financial inclusion and used to control people, among other things. For instance, if you want to book a hotel and the transaction is refused, the system has read your social media and determined that you have said something they don't like, and as a result, you have been suspended for a period. You can argue that it cannot happen, but in my opinion it can since the government will act if given the authority to.