Biden and Yellen will crack down on crypto 'criminal cesspool' — Nouriel Roubini

[newshunter]

Biden and Yellen will crack down on crypto 'criminal cesspool' — Nouriel Roubini

In his latest ill-fated tweet, "Dr. Doom" Roubini spells out the death of cryptocurrency again, just as XRP gains 35% and Bitcoin aims for new all-time highs.

Source: Biden and Yellen will crack down on crypto 'criminal cesspool' — Nouriel Roubini

Would appreciate your opinion about this

[TomPluz]

Well, there is nothing wrong if the government will go after criminals operating in the cryptocurrency market and this should have been done a long time ago so that scams and similar frauds will not be proliferating here. Regulations and controls are jobs of the government and there is nothing we can do with that. But it does not mean the death of the whole industry. This does not mean that Bitcoin is going to be dead under the Biden administration. This means that there will be stricter following of the laws regulating the industry and only those who can cope with these changes that can eventually survive and flourish.