USA Turns Anti-Crypto! Will Asia Take The Throne?

[Coinpedia Fintech News]

The US crypto community is facing turbulence as authorities continue to clamp down on the industry. Recent events suggest that the US government has been secretly targeting crypto companies and top crypto exchanges with false allegations in an attempt to move crypto out of the country.

The Securities and Exchange Commission (SEC) has been particularly active, targeting many crypto firms for selling unregistered securities on exchanges, but has not clearly stated which cryptos are securities and which are not. Now, it appears that the SEC and other regulatory bodies are trying to take down crypto firms and move them out of the US.

[TomPluz]

Under the Biden administration which is very much influenced by the left is surely not in love with cryptocurrency and is really making sure that firms in this industry could not do a safe and profitable business. Surely, many will decide whether they will focus somewhere else. Even Coinbase is now entertaining the idea of expanding its presence in other markets abroad because the SEC is an enemy of the whole industry. And it is about time to leave the USA.