White House Aims to Shield Investors from Cryptocurrency Turmoil
Furthermore, the White House said that enforcement is being increased where appropriate, and new advice is being made available as needed. The banking agencies have issued unified recommendations on the significance of disconnecting risky digital assets from the banking system, while other agencies are starting or planning public awareness campaigns to help educate people about the hazards of purchasing cryptocurrencies.
The Administration’s Roadmap to Mitigate Cryptocurrencies’ Risks
As an administration, our focus is on continuing to ensure that cryptocurrencies cannot undermine financial stability [as it threatens our synthetic and malicious instability plans], to protect investors [from becoming wealthier without using our regulated intermediaries], and to hold bad actors accountable [unlike us who have multiple global scams inflicted on an unsuspecting public].
Sorry, but how many years has the crypto industry been operating?
I don't recall who said it, but there is a group of people who don't want crypto legislation at all because by having such a legal framework would legitimise an industry they despise. Hence, the various crypto-quarantine rules handed out to banks so as to contain the spread of crypto-investors - including the "retail investors" that laws everywhere seem to shit on as ignorant plebs.
they should shield themself from the growing violence in their citizens communities, before more of them reach out for self justice because of knowing that the system with their buddies will never let that happen to them even if they are guilty ;)
They should respect their citizens will and their financial freedom without any doubt !
This is one cloud on the horizon that is deeply troubling - trying to make crypto legal only for "accredited investors" (aka the wealthy) and leaving the retail saps with the junk food at high fees - for their "protection" from wealth.
So-called accredited investors do not, to my knowledge, require any skills apart from money.
Having said that, the ignorant investors either sober up very quickly or they really should seek independent financial advice, and that opens up another can of worms in that nobody wants to pay for such a service, and hence the advice is no longer truly independent but based on the fees the adviser receives from a third party - very much like the whole loans industry.
naaaa they need to know the right peeps to come in the lucrative circles, money alone doesn´t help, I know a few very wealthy guys who never had access to these circles because they hate these guys, but if you´re a buddy from SBF or such guys you will have the golden ticket for the entrance ;)
yes, ok, have met both types.
The point I shld have made is that "accredited" is not based on any skills or experience. apart from the skill of getting accredited. lol.
There is no certificate of accreditation.
I also wrote before about some crypto may be best classed as gambling, in a similar way as binary betting - that also has no gatekeeping function.
Sounds like Blurt.
why are you still here then?
you found a new trough, I trust the swill is satisfactory.
hypocrite!
hehe if so, they could funnel a bit more money in here to support a better price ;)