Image from Laws trust.com
https://lawstrust.com/en/licence/finance/crypto-license/usa
Recently China backed off from Crypto mining and trading. They made their feelings known that BTC is a scam, that it doesn't worth the risk for their beloved citizens.
And, during the earlier time before the ban, cryptocurrency was simply valuable in the Chinese country, the people took it upon themselves as means of livelihood. Their cryptocurrency trading grew so high, but their govt quash everything for them, when the law was passed after months of delegation to ban it due to its risks attachment they couldn't control.
During the earlier time it affected cryptocurrency prices, and caused one of the longest bearish run ever since crypto came into limelight. But it didn't halt it's activities totally. This day, cryptocurrency is still soaring up, most of the coins have recovered from their bearish run most especially BTC, ETH, ADA etc. BTC has recorded over $60,000 price benchmark yet again recently due to market improvement.
Image from south China morning post
https://amp.scmp.com/tech/policy/article/3134473/china-escalates-crackdown-bitcoin-mining-trading
Now, the attention is turned over to the United States of America replacing China in the list of cryptocurrency based countries. Now, miners have deserted China to USA simply to continue mining BTC and other coins to keep the ambition and dream going up without drifting down. Such move to the most cherished country in the world have increased usage of cryptocurrency in the country and elsewhere. Which has seen many investors coming to invest, and other countries too have joined the elite, embracing cryptocurrency trading which has made China's crack down earlier as minimal challenge.
Now that cryptocurrency have settled in USA, most especially, due to miners finding it favourable to continue mining coins in the country. Do you think if another crack down coming from USA can hamper cryptocurrency activities making it to disappear in the digital ecosystem?