THE NEW GUIDELINES HAVE BEEN RELEASED

What if now that we are in the depth of the bearish market the United State government finally makes its move against cryptocurrency? Right now, the U.S government is increasing the pressure on crypto because there is a lot of negative news that is coming out over the last week, and also the news help pave way for central bank digital currency. There is a lot to talk about SEC at claim to protect regular investors but in reality, they are not going it right. If the sec wants to protect the regular investors of the cryptocurrency industry is to provide regulatory clarity.

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Gary from SEC said that all Proof of Stake networks be considered an investment contract and he made this comment a day after the Ethereum merge. You should know that if this persists, then every proof of stake coin will be considered unregistered security and this could lead to huge crypto delisting across the U.S. market for all Proof of Stake coins. Of course, it will cause a massive sell-off in the crypto market. The sec knows the proof of stake is not an investment contract but their goal is to destroy crypto and secure wall street in the federal reserve.

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You should know that Gary keeps saying that crypto is security and he considered most crypto to be securities and that means most cryptocurrency is operating illegally. If this claim becomes a reality, it will be a very bad time for crypto. Sec is giving a new guideline to banks and telling them to treat crypto as a liability and that means banks will be forced to hold cash to bank those liabilities and that will be crypto unprofitable for banks. All their goal is to kill the adoption that is happening by the U.S. banking sector because the U.S. bank is starting to accept crypto as custody services.

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The white house also came up with some shocking things that give Proof of Work mining attention. We see Greenpeace spending a million dollars to campaign against Bitcoin. The white is also about how to protect investors from losing money. I think is a bad idea government to come up with a way to protect investors from losing money with the crypto scaling that is going on right now. On the other hand, if it is the sec that is doing that, the outcome will not be good. The new guidelines that are being released are just a way to CBDC and that means launching the digital currency of the federal reserve.

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In my opinion, it thinks CBDC might be one of the most dangerous financial tools in decades because it is very powerful. One of the reasons that it will be sold as a tool for financial inclusion and it will be to control people. For instance, if you book a hotel only for the transaction not to be processed and tell you that you exceed your monthly transaction. You might also want to buy something online and your transaction gets declined tells you that the system read your social media you said some things they don't like so you a suspended for a while. You might say it can not happen but I think it can happen because if the government has the power to do it, they will do it.