Just today the congressman Warren Davidson introduced The Keep Your Coins Act in the United States. Obviously that’s just a proposal so nothing is done yet. But it gives a blink of how right the regulation could go for Crypto and why that’s even bullish.
The Act comes due to the recent events in Canada. After the government there revoked emergency state and can now freely freeze any bank acc. He himself afterwards said that Bitcoin would fix this with its self custody and peer to peer transactions.
That’s exactly what this bill is about. Protecting those both abilities of Crypto from the government. Through self costudy the government won’t be able to freeze your account. You may think the government even now can’t do that. But the truth is that your money is one “emergency act” away from becoming the governments.
So basically the bill, if passed could protect cryptos advantages for users from the government of the United States and people would be the owner of their own wealth.
PS: Not intended to glorify any poltician or political institutions.