Cryptocurrency markets are falling due to extremely bearish sentiment and US Lawmakers. Lawmakers are bent on trying to kill crypto- The SEC is calling everything a security (apart from Bitcoin). President Joe Biden is trying to impose capital gains tax with anti “washing” mechanics targetting crypto. Finally, a new cryptocurrency mining tax is being proposed to tax Bitcoin miners.
1:51 Stocks are in Trouble
2:45 Silvergate collapse Fallout
3:45 Biden’s terrible crypto policies
7:16 Kucoin sued – ETH a security?
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I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.