Cost to operate a crypto exchange will increase and industry will consolidate under a handful of major players. The might create things like deposit insurance and reporting requirements. Coinbase will likely be one of the last players left.
Crypto will go back to the shadow realm and continue dying a slow death
You can use it to buy drugs though
But jokes aside - what else can you really do with it? Cryptos main purpose was for illicit transactions. That itself is enough to doom it. It’s like collecting baseball cards. You buy them, look at them, show your friends - you’re happy. But you can’t use them for anything else. And they’re only valuable if someone else wants them.
Why do you need regulated crypto? What advantage does it offer over just using a regular bank or credit card?
I don’t need it. Crypto “investors” do to avoid the FTX problem
The regulation is exactly what prevents the FTX problem. If FTX where Lehman brothers, fed would just print all the money disappeared and make everyone whole again.
All of crypto is a complete and total scam, this includes bitcoin and eth 100% of price fluctuations have been based on speculation There are no financials There is no tangibility like gold At least fiat currency have a military to back it up Crypto has……SBF lmao
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It should just be bitcoin and maybe ethereum. The other coins are scams
Some of the hard currency backed stable coins are good
I dont really know how you can say that Ether is legit then go on to say "the other coins are scams". If ether is legit then the coins built for utility on the ethereum network instantly have credibility... I'm not a huge crypto guy but you can instantly tell who has no idea what they are talking about when people make comments like that.