Investor Chamath Palihapitiya says cryptocurrencies are dead in the United States
He blamed the excessive pressure on the industry from regulators
25.04.2023 - 09:20
331
3 min
0
What’s new? Bitcoin investor and supporter Chamath Palihapitiya, who previously predicted BTC to rise to $200 000, said that cryptocurrencies in the United States are dead. He blamed their demise on regulators who have become much more aggressive in their pursuit of the crypto industry participants. Palihapitiya shared his opinion on the All-In podcast on YouTube.
The full version of the podcast
What is the hostility of regulators? Palihapitiya believes that authorities in the United States “have firmly pointed their guns at crypto.” The investor cited a recent statement by Securities and Exchange Commission (SEC) Chairman Gary Gensler blaming cryptocurrencies for the banking crisis and the bankruptcy of several financial institutions, as well as pressure from the SEC on crypto exchanges Bittrex and Coinbase.
“[These crypto companies] were probably the ones that were the most threatening to the establishment. And they were the ones that, in fairness to the regulators, did push the boundaries more than any other sector of the startup economy,” Palihapitiya added.
US court summons TRON and Huobi CEO by the SEC lawsuit
Justin Sun must submit his response or petition to the court and a member of the commission within 21 days
SEC and cryptocurrencies. On April 6, the SEC’s Investor Advisory Committee called for more aggressive enforcement action against crypto companies. In a letter to Gensler, the authors stressed that they consider virtually all cryptocurrencies to be securities. Earlier, Gensler asked for a record $2,4 billion for his agency to regulate cryptocurrencies.
Congressman Warren Davidson later called for the head of the SEC to be fired. In his opinion, Gensler was abusing his authority to regulate the crypto market. The SEC was also sued by Coinbase, demanding that crypto regulation rules be made public.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 817
BTC
-0.5%
-
Ethereum
$3 353.37
ETH
-0.86%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.55
XRP
+12.92%
-
Dogecoin
$0.465815
DOGE
+18.35%
-
Cardano
$1.1
ADA
+25.48%
-
Stellar XLM
$0.436522
XLM
+56.9%
-
Polkadot
$7.59
DOT
+22.9%
-
Bitcoin Cash
$538.1
BCH
+8.86%
-
Litecoin
$102.01
LTC
+13.17%