Understand chronology in US🇺🇸 to control crypto:
Phase 1:
* Allow the industry to become a $ trillion industry.
* Allow Coinbase and others to do IPO.
* Even accept donations from FTX.
* Allow crypto banks.
Phase 2:
* Crackdown on foreign exchange like Binance for funds manipulation.
* Target US companies for running staking programs.
* Choke crypto banks to provide funds to crypto.
* Give a clear message that US is not comfortable with crypto.
Phase 3:
* Fund should not move out of US. So for that :
* Relaunch FTX 2.0
* Prometheum becomes first crypto company to be approved by SEC.
* Ask BlackRock to apply for ETF
* Fidelity plans to buy Grayscale.
* Invesco applies for Bitcoin ETF
* Crypto exchange backed by Fidelity and other VCs gets license.
US is least bothered about the tech and innovation. All they want is a control over the industry through their regulated entities and not an outsider.
As a rule of thumb, don't invest in what you don't understand.
Invest time, before investing money.
So when the odds are stacked, you can own responsibility, knowing full-well how it works.
All that glitters is not gold.