U.S. Crypto Crackdown Positive Appears to be like Like an Try and Kill a Promising Trade: CoinDesk Editorial

My causes for disbelieving that there’s coordinated ill-intent are twofold, one rooted in idealism and the opposite cynicism. First, that is the U.S., the land of alternative and freedom. A deliberate assault in opposition to the financial freedom that crypto represents would run in opposition to this nation’s values. Second, that is the U.S., the land of crumbling infrastructure. Our management can’t even muster the coordination essential to restore the nation’s bridges and railways. It’s too miserable to think about they is likely to be extra aligned on destroying the monetary infrastructure of the longer term than sustaining the bodily infrastructure of the current. Supporting the lack-of-coordination aspect of the argument is how the CFTC, in its swimsuit in opposition to Binance, claims the cryptocurrency ether is a commodity whereas the SEC and the New York Lawyer Common each argue it’s a safety.