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RE: BITCOIN vs SEC - this round goes to the Regulators
I personally think that people should stop worrying too much about the regulators. They cannot harm us much. Infact they will do us more good. The exchanges now have to accountable for the loss of our money.
thanks for your comments @themobilewriter. Here's a thought > Bernie Madoff was highly regulated for years < > Madoff And The SEC: The Story You Don't Know <
it is an error to think that the SEC has the best interests of investors at heart and that investors will sleep better because the fox is guarding the hen house.
the U.S. Regulators can and have forced the disclosure of who is using the exchanges to avoid detection and paying taxes > https://www.forbes.com/sites/kellyphillipserb/2018/02/28/coinbase-notifies-customers-that-it-will-turn-over-court-ordered-data/#7e635ed41431
now the U.S. Regulators are closing the on ramp to the cryptocurrency world by trying to require registration of CCoin Exchanges - will they succeed? will they have any impact on exchanges that Americans can access over the World Wide Web that are not home based in America?
Since December the continued attacks by the Regulators have dropped the value of Bitcoin by half.
Like Gold and Silver, there are vested government and banking interests that do not want it to replace or devalue the use of the U.S. Dollar as the global currency. Gold and Silver should be also be valued higher. The Regulators have been successful in capping any upward valuation of Gold and Silver. >
https://www.goldbroker.com/news/deutsche-bank-trader-admits-to-rigging-precious-metals-markets-1130
Don't underestimate the power of the Regulators - at least in the short run.
Over time the U.S. Dollar must continue to devalue and over time the alternatives must increase in value.