Crypto is the economic revolution of the digital age; it cannot be stopped, but the crypto industry in the US has come under threat from the ravages of the authorities and Wall Street.

US industries may leave the country

US Industries are constantly keeping an eye on the economic policies of the world; they start the process of getting established there, wherever there is a hint of appropriate policies. For example, California-based venture capital firm Andreessen Horowitz (a16z) opened its crypto office in London (UK) on June 12, and crypto was legalised as a currency in the UK on June 29.

Foreign industries are under pressure

US citizens are not allowed for many types of margin and futures training, and on top of that, the SEC is fining or prosecuting the crypto world for using altcoins, which the SEC defines as unregistered securities. The recent process of making KYC mandatory by KuCoin is also linked with this, even though KuCoin is not a US company.

Wall Street's influence 

Bitcoin and altcoins are known to attract investment, so Wall Street is trying to break up the crypto industry and bring it under its influence. The recent establishment of the EDX Markets crypto exchange and the SEC allowing Volatility Shares to be a Bitcoin ETF are examples.

Brought to you by Yugocean, originally posted here.