• The government is not here to help crypto traders, and it is not capable of accomplishing anything major within a reasonable period.
• FTX collapsed seven months ago, yet no laws or regulations have been changed since then.
• Crypto traders are better off looking out for themselves and protecting their assets than relying on the American political system for protection.
Government Inability to Accomplish Anything
Crypto fans need to understand something once and for all: the government is not here to help you, and it is clearly incapable of accomplishing anything major within a reasonable period. This warning applies to all parties and corners of the present political system, whether it’s democratic, republican, or independent. Despite ongoing calls for digital currency regulation and clarity when it comes to present laws, we cannot say that Congress or any member of America’s political system has done anything lasting or important.
FTX collapsed seven months ago in November 2022. Since then, there have been ongoing calls for digital currency regulation and clarity when it comes to present laws; however, nothing has been changed or recorded to the present rule books. It’s now June 2023, and virtually nothing has changed in terms of crypto regulation law in the U.S..
Political System Practically Useless
If this should teach crypto fans anything, it’s that the American political system – as it presently stands – is practically useless. Instead of focusing on regulating cryptocurrencies, they are instead concerned with prosecuting Donald Trump again which will make no difference in the nation’s future nor protect crypto investors from fraud or manipulation . Therefore crypto traders are better off looking out for themselves and protecting their assets than relying on the American political system for protection .
Economy Tankin g
The economy is tanking due to infighting amongst politicians , inflation is again reaching a new high , unemployment rates remain higher than ever before ,and national debt continues growing by leaps and bounds every day . These issues further prove that politicians are unable to handle critical matters such as where crypto goes from here .