• The U.S. government has taken a strong stance against crypto and the SEC is using enforcement to try and stamp out crypto companies.
• The U.S. is trying to defend the dollar from superior payment systems arising out of crypto innovations.
• To truly crush the crypto industry, the U.S needs Europe to follow in its footsteps but this may be difficult as other countries are developing currencies that could rival the dollar.
U.S Government Taking Strong Stance Against Crypto
The U.S government has fully thrown off the veil and is openly hostile to cryptocurrency, prompting the Securities and Exchange Commission (SEC), headed up by Chairman Gary Gensler, to use blunt enforcement actions against crypto companies rather than sit down and discuss how these companies can comply with regulations. This administration appears to be trying to eradicate crypto from its shores, possibly from the perspective of defending the dollar from what it might perceive as a threat of superior payment systems arising out of amazing innovations in the crypto sector.
US Power & Influence on Decline
U.S power and influence may be on decline due to BRICS countries announcing they will create a common currency which could potentially rival the dollar, especially when taking into account that this currency is expected to be backed by real commodities while USD has been taken off of its gold backing by President Nixon in 1971 and is now only backed by word of its government and military might..
US Needs Europe for Crypto Ban Impactful
The U.S will know that if it wants a ban on crypto within its own frontiers to have an impact, then it needs Europe to follow in its footsteps as well – which includes banking influence brought upon by them as well as political influence too..
Next Crypto Bull Market Driven From Asia & Other Regions?
There are particular areas of the world that are far more out of control or influence of US such as Asia where next crypto bull market can be driven from outside US control or influence .
The ultimate end game for controlling cryptocurrency will depend on whether or not America can convince Europe (and other nations) that banning cryptocurrencies is necessary for their own economic security – something which seems unlikely given how many other countries are beginning to invest heavily into cryptocurrency infrastructure without fear or hesitation!