Cryptocurrency Regulation Disclosures Coming From US Senators!

Senator Jon Tester Attending NBC’s “Meet the Press” on Sunday cryptocurrencies argued that it should not exist.

US Senator Claims Crypto Shouldn’t Exist

Speaking to moderator Chuck Todd, Tester said, “I’m not a editing financier, but I see no reason for this kind of thing to exist.”

Tester argues that the largest cryptocurrency failed the tests.

Tester suggests that the value of the cryptocurrency market comes from the air. He thinks there is no need to regulate cryptocurrencies.

Massachusetts Senator Elizabeth Warren, known as one of the harshest crypto critics on Capitol Hill, recently wrote in the Wall Street Journal, arguing that cryptocurrencies could bring the entire economy down without proper oversight.

Warren compared buying Bitcoin last year to buying air.

Unlike other cryptocurrencies, Tester opposes the regulation of cryptocurrencies.

The Montana senator thinks regulations may actually legitimize cryptocurrencies. “If we edit this out, it can make people think it’s real,” he said.

The atmosphere of fear created by the bankruptcy of FTX “Will Bitcoin rise again?” “Is crypto dead?” caused the headlines to reappear. This shows that the necessary atmosphere of fear has been created for the market to be able to relieve the small investor burden on it.

The headlines of “cryptocurrencies are dead” that have resurfaced in recent days are familiar to investors who have long traded in the cryptocurrency markets.

Noting this, Binance CEO Cz, quoting The Economist’s headline on November 23, 2022, “how is crypto going to zero”, said, “These types of articles …. signal.” He said and gave the signal that we are at the bottom.

*Not investment advice.