Reasons Why The Crypto Dream Is Turning Into A Nightmare

Government Intervention

The Biden White House shook up the crypto world in 2022. America’s President announced that crypto’s time in the Wild West was over because there were new rules. It was obvious to most people that these were coming but some crypto diehards refused to accept it.

It’s no surprise that the federal government wants to counter illegal financial activity. They also want to promote stability and reduce the risk of citizens losing everything in risky investments. However, this is bad news for developers who wanted Bitcoin to replace the gold standard (via The News & Observer).