It's official... Bittrex closing shop to US based users

Bittrex, a prominent US-based cryptocurrency exchange, has confirmed its plan to exit the market, fueling concerns about the regulatory stance of the Biden administration towards the crypto industry. Some observers see the move as a sign that the US government is discouraging crypto businesses and favoring traditional finance. They argue that the lack of clear guidelines and the aggressive enforcement actions by the Securities and Exchange Commission (SEC) have created a hostile environment for crypto startups and investors. This trend may lead to a consolidation of power in the hands of established financial players who see an opportunity in the growing demand for digital assets. However, this outcome may not align with the aspirations of the crypto community, which seeks to challenge the dominance of legacy institutions and promote decentralization and innovation.

My guess is eventually the main players in traditional finance will pick up the slack because there is money to be made.

The end result will be the legacy financial system also controlling the crypto ecosystem here in the US...

Not exactly what we wanted...