In the 1930s, President Franklin D. Roosevelt made gold ownership illegal in the U.S. in an attempt to shore up the Federal Reserve's gold supplies so the Fed could justify printing more dollars.of a proposed bitcoin ban in India as potentially laying the groundwork for a more widespread crackdown on bitcoin.
“[We] have to see what [reports of a proposed bitcoin ban in India] means," Dalio said."Now, can they do it? Yeah. Now we get into the particulars. My understanding from people who are sort of in government surveillance is yes, they can understand, they can track it. They can know who’s dealing with it ... I would suspect it would be very hard to hold up against that kind of action.
While previous attempts by governments to ban bitcoin—most notably by China during the huge 2017 cryptocurrency boom—have largely failed, there are growing fears the U.S. could be headed toward a bitcoin clampdown. Last month, Treasury Secretary Janet Yellen warned bitcoin is an"extremely inefficient" way to move money and sees it mostly as a facilitator of"illicit finance."
These comments were echoed by Fed chairman Jerome Powell, who this week said bitcoin is"not really useful as a store of value," as it's"not backed by anything."
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Countries can't ban Bitcoin. They can only ban themselves from it. Distinct difference right there. I think the US understands
FUD, FUD, FUD - are they going to shut down the Internet then? 🤣 FUD BTC
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So government plans to ban a DeFi? Not making much sense. In his principles, Ray wrote about how in his investment career he has been wrong many times throughout his career. 🤷🏾♂️
This is already old news that have been discussed and is clearly fud, no one can ban btc
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