The fight between crypto and governments "has only just begun", says ShapeShift CEO
The crypto industry must brace for growing government pressure as it steps up its challenge to the state monopoly on money, says ShapeShift CEO Erik Voorhees.
Cointelegraph YouTube Subscribe Own this piece of history Join us on social networksDespite the unprecedented regulatory pressure crypto has faced recently in the United States, the fight between the US government and the crypto industry has only just begun, believes ShapeShift CEO Erik Voorhees.
According to the entrepreneur, US authorities still do not view crypto as an existential threat to the fiat system, and their recent crackdown is just an opportunistic reaction to last year's explosions of fraudulent crypto companies .
"They see it as some kind of fraudulent zone where they can walk in and look like the hero to clean up a mess," Voorhees said exclusively.
The crypto industry must brace for growing government pressure as it steps up its challenge to the state monopoly on money, says ShapeShift CEO Erik Voorhees.
Cointelegraph YouTube Subscribe Own this piece of history Join us on social networksDespite the unprecedented regulatory pressure crypto has faced recently in the United States, the fight between the US government and the crypto industry has only just begun, believes ShapeShift CEO Erik Voorhees.
According to the entrepreneur, US authorities still do not view crypto as an existential threat to the fiat system, and their recent crackdown is just an opportunistic reaction to last year's explosions of fraudulent crypto companies .
"They see it as some kind of fraudulent zone where they can walk in and look like the hero to clean up a mess," Voorhees said exclusively.
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