Bitcoin no longer at risk of being banned in the US

Head of digital asset management company Grayscale Investments Barry Silbertbelieves that the U.S. has passed that point,when there was still a risk of banning bitcoin.

In a conversation with investors on July 16, he said thatadheres to the position of "cautious optimism" regarding the fact that the situation with the regulation of cryptocurrencies in the United States will improve, or at least not worsen.

“For the first time in history, we have passed the perceived risk of a Bitcoin ban,- he said.

Legislators and regulators in Washington are providing sufficient support for bitcoin's right to exist, which makes it impossible to ban it. "

Silbert also noted that the relationshipThe cryptocurrency industry with regulators has improved significantly thanks to the directed efforts of its individual members, including the Blockchain Association and Coin Center.

“How is the industry in terms of relations withWith Washington, our affairs are markedly better than they have ever been before. These two groups are educating legislators about the benefits of the technology used in this asset class. The risk of catastrophic regulation, which may have been present in the past, is over. "Silbert added.

It recently became known that Grayscale's cryptocurrency-based investment products raised $ 1.4 billion in the first half of the year.

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