According to Tyler Winklevoss, co-founder and CEO of Gemini Exchange, the importance and popularity of Bitcoin internationally will prevent a ban on the digital currency.
to the Report Coin Telegraph: The US government has steadily increased its oversight of digital currencies in recent years. However, according to Tyler Winklawas, the possibility of a complete ban on bitcoin is very low at present.
“What did Bitcoin do?”
I think if we were still in 2013, the possibility of a bitcoin ban would still be raised. But in my opinion, the United States will never outlaw bitcoin. Many lawsuits have already been filed in US courts in favor of Bitcoin. [بهعنوان مثال] US Commodity Futures Trading Commission (CFTC) in a company lawsuit [ارزهای دیجیتال] Coinflip considered Bitcoin a commodity like gold.
In 2015, in the middle of a lawsuit involving a Bitcoin trading platform called Derivabit, the US Commodity Futures Trading Commission listed Bitcoin as a commodity. According to the commission, Driobit was a product of a company called Coin Flip, whose mechanism was inconsistent with US law at the time.
Winklus continued referring to Gemini Exchange:
We are a New York investment firm under the auspices of the New York State Financial Services Authority. [برای ممنوع کردن بیت کوین] There is a lot of work to be done. Companies [ارز دیجیتال] Many are creating jobs and strengthening economic foundations. Some of these companies have entered the stock market and are set to become large companies in this market. In my opinion, it is impossible to eliminate all the measures taken. Of course, the probability is not zero, but it can be considered almost impossible.
The digital currency space as it is known today was formed in 2009 with the advent of bitcoin. Since then, this asset has created a complete ecosystem that is constantly attracted by large companies from other industries with different capacities. Along with the growth of this industry, the issues related to the legislation in this field are also moving forward in terms of providing and implementing guidelines related to digital currencies.
In addition, Winklows referred to lawmakers as shareholders and stated that they seek the well-being of companies and consumers. He added that some of these legislators themselves could be bitcoin holders or value them. He also referred to the process by which digital currency industry leaders are gaining traction in government positions:
In my opinion, the number of people who [بیت کوین] It is believed that there is so much that the chance of moving backwards in this area is almost zero. I think the same is true in Britain and Europe. In Singapore, we are in the process of issuing a license in cooperation with the Supreme Legislative Authority and the Singapore Monetary Authority (MAS). They welcome this space with open arms. All geopolitical, open-market, and capitalist regions also believe in bitcoin and digital currencies, and see them more as an opportunity than a threat.
He also noted that creating a barrier to bitcoin, in fact, requires significant restrictions across the Internet; This can affect other economic aspects as well.
On the issue of leading digital currency industry leaders to government positions, it should be noted that the US Economic Crimes Bureau has recently appointed a former senior technical advisor to Chainalysis as its interim chief executive.