Following the onset of the Ukraine-Russia war, the United States adopted a policy to limit financial resources for the communist axis, which includes China, Russia, North Korea, Cuba, Venezuela, and Iran as Russia’s allies. Additionally, comprehensive sanctions were successfully implemented to prevent the increase in the value of gold, even during severe recessions and economic inflation in Europe and America.

Subsequently, the focus shifted to curbing cryptocurrencies, aiming to prevent their increasing value, authenticity, and popularity, as they operate beyond direct control and supervision. As a result, certain bankers, whose interests were at risk due to the expansion and credit of crypto, as well as individuals ignorant of global technological advancements, vehemently opposed Bitcoin and other cryptocurrencies, doing their utmost to undermine their growth. Hidden forces with vested interests also entered the crypto world to protect their own agenda.

While a detailed analysis is lacking, it becomes apparent that the United States Securities Exchange Commission (SEC) is involved in these two domains. One aspect involves curbing crypto to limit its use by Chinese, Russian, and their allies for financing purposes. The other pertains to those who consider cryptocurrencies a threat to their business operations.

In the SEC’s recent crackdown on the crypto world, the interests of all stakeholders including the capital of American citizens, the income of companies such as Coinbase, the advancement of technology, investments in startups, and progress in the fight against carbon and greenhouse gas emissions (created by the traditional banking and financial system) ) was affected. These technologies have the potential to combat environmental issues, especially when compared to the slow, expensive, and loss-making nature of traditional banks and financial systems in the payments industry. This dangerous policy has not only harmed American investors and the global market, but also hindered progress. In general, including the loss of trust of the people of other countries towards American companies and startups such as Coinbase, etc. will be

We hope that ongoing lawsuits, intellectual developments, and the concerns voiced by members of the United States Congress will lead to the removal of Chairman Gensler and curb the harmful actions of the SEC. It is vital to reconsider this dangerous policy that disrupts the world economy and poses obstacles to technological progress. Let us foster an environment that embraces cryptocurrencies and recognizes their potential positive impact on the global economy and environment.