In recent hours the Bitcoin price action lost the support of $30,000, the unusual thing about this behavior is that this setback occurs after the spokespersons of the Department of Justice of the United States of America, an element that denotes a potential and well elaborated strategy to affect the cryptocurrency market.
According to multiple cryptocurrency news portals, the main recommendation offered by Merrick Garland, who is currently serving as U.S. Attorney General, is that states should work with strong international cooperation to regulate Bitcoin and the entire cryptocurrency sector.
One of the arguments that caught my attention is that the prosecutor states the need for both domestic organizations in the United States of America, as well as foreign entities in charge of preventing crimes, to work in a coordinated manner in order to exercise an adequate regulation of the cryptocurrency market.
In the words of Merrick Garland, the Department of Justice's efforts are aimed at determining how best to strengthen international cooperation in regulating activity within the cryptocurrency market, as the idea is to expand operational capacity and close regulatory gaps on a global scale.
From my perspective, even though I agree with the need to establish some mechanisms that tend to bring order to the cryptocurrency market, I believe that these actions led by the Department of Justice of the United States of America pursue a malicious purpose that aims to undermine the growth of the cryptocurrency market.
I would like to know your opinion about what is being discussed here.
SOURCES CONSULTED
Coindesk US Justice Department Urges More Coordination to Combat Crypto Crime. Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image: Criptonoticias
