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For your information, you can find below the description of the video This New Regulation Is All Part Of Their Off-Shore Plan | Charles Hoskinson published by the Youtube channel Only The SAVVY:
The SEC has come down on the cryptocurrency industry once again, causing red across the board. Bitcoin is trading for $21,817.14, down 3.3% in the past 24 hours and Ethereum is down 5% in the past 24 hours, trading for $1,544.33. On February 8, CEO Brian Armstrong went on a tweet storm addressing the rumors that the SEC is looking at getting rid of staking in the U.S. for retail investors.
On Thursday, Armstrong’s suspicions were confirmed, as the SEC came down on Kraken, United States–based cryptocurrency exchange and bank. Kraken announced it will “immediately” end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges it offered unregistered securities.
The founder of Cardano, Charles Hoskinson immediately responded to the news to clear up any confusion. Charles sang the same tune as Armstrong, stating that this is once again a mistake by the US government and will cause crypto entrepreneurs and talent to seek refuge elsewhere, in a more crypto-friendly environment. Some believe the actions taken by the government are steps to remove crypto as a threat to the incoming CBDC. Whether that is the case or not, Hoskinsons explains what’s exactly going on and where this can potentially be heading.
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► To watch the full interview:
https://www.youtube.com/watch?v=IT8hh0swY9k
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