Cameron Howard Winklevoss, the founder of the Gemini cryptocurrency exchange, spoke to crypto about what the next bull market will be like. IN your twitter he hypothesized that the movement would start in the east, and the United States would only have to come to terms with the crypt. Or admit defeat.
My working thesis atm is that the next bull run is going to start in the East. It will be a humbling reminder that crypto is a global asset class and that the West, really the US, always only ever had two options: embrace it or be left behind. It can’t be stopped. That we know.
— Cameron Winklevoss (@cameron) February 19, 2023
“The next bull market cycle will start in the East. It will be a humiliating reminder that cryptocurrency is a global asset class and that the West, and more specifically the US, has always had only two options: embrace it or stay behind. It’s unstoppable. And we know it,” Winklevoss wrote.
The founder of the exchange spoke about the fact that the US cannot defeat the crypto industry after several high-profile news. The US Securities and Exchange Commission (SEC) took cryptocurrencies seriously – the Kraken exchange was banned from offering cryptocurrency staking to its customers. A week later, stablecoin issuer Paxos received a Wells notice from the SEC, followed by a ban from the New York State Department of Financial Services (NYDFS) on the issuance of BUSD, which had previously been perfectly used by cryptans for almost four years.
Everyone understands that SEC Chairman Gary Gensler will not rest on this and will continue to implement his repressive policies. Some particularly astute analysts predict serious problems in the industry due to the short-sighted policies of US regulators. Against the backdrop of recent events in the industry, large US banks began to curtail cooperation with crypto firms, fearing problems with supervisory authorities.
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