CRYPTO

China’s Crypto Crackdown is an Opportunity for the US, Says Senator Pat Toomey

Share The Knowledge

Following today’s events, Senator Pat Toomey says that the ongoing cryptocurrency crackdown in China is a considerable opportunity for the United States.

CRYPTO LEVERAGE TRADING
  • Earlier today, reports revealed further regulatory pressure on cryptocurrencies in China. This time, the country seems to target mining and trading.
  • Although not many of it was new, the announcement triggered a market-wide pullback, sending Bitcoin down to slightly above $40K.
  • Senator Pat Toomey, representing the state of Pennsylvania, said that this might be a big opportunity for the US.

China’s authoritarian crackdown on crypto, including Bitcoin, is a big opportunity for the U.S. It’s also a reminder of our huge structural advantage of China.

  • The politician also said that Beijing is “so hostile to economic freedom they cannot even tolerate their people participating in what is arguably the most exciting innovation in finance in decades.”
  • Senator Toomey argued that economic liberty is the cornerstone of growth and a higher standard of living for everybody.
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


source

Tagged with:

Similar Posts