Digital Assets: Government Could Crack Down On Bitcoin (Ron Paul)

April 5, 2021 | Digital Assets, News
https://dailyalts.com/wp-content/uploads/2021/04/blockchain-3446557_640.jpg

Separately, ex-SEC Chair Jay Clayton also warned of potential new regulations around bitcoin.

Former presidential candidate Ron Paul sounded the alarm bells on a government crackdown on bitcoin at an interview last week with Kitco News’ Michelle Makori.

Makori quizzed Paul, on whether the government could enact legislation to prevent a flight of capital to “safe haven” assets that are a foil to the dollar such as gold or bitcoin. (Bitcoin.com)

Ron Paul on government crackdown

Ron Paul, who is also an American author, physician, and retired politician, replied in the affirmative.

“Absolutely … the government is the threat because they will crackdown because they have the ability to do it,” he said. “We had a taste of [a free society]. If you don’t know where to start, just start with the Constitution, that might give you an idea of what a free society is all about.”

Jay Clayton

Speaking “as a citizen” on a CNBC Squawk Box interview last week, former SEC chair Jay Clayton also warned of new regulations that could target bitcoin.

“Where digital assets land at the end of the day will be driven in part by regulation both domestic and international, and I expect that regulation will come in this area both directly and indirectly,” he said about bitcoin.

The cryptocurrency industry will best remember Clayton for his action against Ripple Labs Inc. on the day of his departure from the SEC. On that day, the regulator filed a lawsuit against Ripple, alleging that it raised over $1.3 billion through the sale and distribution of the digital assets of XRP without registering.

The SEC, during Clayton’s tenure, also refused to approve any applications for a bitcoin ETF.

Related Story:  Clayton’s Parting Shot At Crypto – SEC To Sue Ripple                        

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2021/04/bitcoin-4317828_640.jpg
Digital Assets: MicroStrategy To Pay Directors In Bitcoin
April 12, 2021     Digital Assets, News

In a unique plug for bitcoin’s adoption, MicroStrategy (NASDAQ: MSTR), the business information firm, has decided to pay its non-employee directors in bitcoin. The company has been a trendsetter, setting…

https://dailyalts.com/wp-content/uploads/2021/04/frog-1339894_640.jpg
Alternative Investments/Digital: Yet Another Bitcoin ETF Application; Galaxy Digital Is The Latest Hopeful

Galaxy Digital, the cryptocurrency investment firm led by Mike Novogratz, has filed an application with the SEC to launch a bitcoin ETF that will trade on the NYSE Arca. The…

https://dailyalts.com/wp-content/uploads/2021/04/DjDeFVDU4AAjJ26-scaled.jpg
Artificial Intelligence: Microsoft Eyeing Acquisition of Nuance Communications (Bloomberg)

Microsoft (NASDAQ: MSFT) may buy Nuance Communication (NASDAQ: NUAN) at a valuation of $56 per share, according to Bloomberg, which cited unnamed people who were familiar with the matter. The…

https://dailyalts.com/wp-content/uploads/2021/04/dollar-2891849_640.jpg
Venture Capital: Supervest, A Platform That Matches Loan-Seeking Merchants With Investors, Is Seeking Funds
April 12, 2021     FinTech, News, Venture Capital

Supervest calls it a new asset class. Merchant cash advances (MCA) are a form of short-term financing for merchants in the form of a sales agreement in which capital is…