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The US Treasury Does Everything in its Power to Kill Crypto

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@cryptictruth
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The US Treasury Department is doing all it can to shut down crypto assets, but the momentum behind crypto has pushed Bitcoin to record highs. I have been discouraged by the Treasury's efforts to limit the growing crypto community, but I'm not worried that their efforts will do much. Regulators have been scrutinizing the crypto industry more closely to safeguard against money laundering, exploitation of investors, ransomware attacks, fraud. These problems are real, but not as widespread as many would like you to believe. There's plenty of projects just like Hive that are full of great people who actually looking to make this world a better place. Maybe if the regulators can do some actual research these regulations will in fact make the space more safe and drive future adoption.

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So why is the Treasury Department trying to stifle growth? They are doing everything in its power to try to kill our industry because a $2 trillion industry just pop up in their backyard and they did not see it coming. Fear of loosing power is a powerful driver. I like that the fear will drive action, but I'm looking for regulatory clarity not oppression and suppression. Federal Reserve Chairman Jerome Powell clarified that he had no intention of banning crypto in late September, but the FED is only one organization trying to regulate the space. Compared to other governments I would say the US's actions seem rather bullish. I'm always cautious and use this type of news to direct short term trades. I still think cost dollar averaging into year's end is the play. I have been trading my hive gains for HBD to hold them in my savings account for that 10% APR. As always protect your gains and have fun in the space!

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