At the moment, the US is actively opposing cryptocurrencies. Biden has stated that U.S. government authorities must step up enforcement in the digital asset market and find regulatory gaps for cryptocurrencies. The SEC has also been very strict in how it deals with the cryptocurrency industry and has filed litigation against numerous crypto companies.
Many proponents of crypto are making historical parallels as a result of this. Here are John Deaton’s comments.
Stuart Alderoty’s recent tweet
Stuart Alderoty, general counsel at Ripple, compared the resistance to cryptocurrencies in the US to the boycott of snowboarding in the 1980s.
The lawyer did this in a tweet yesterday, releasing a 1985 CBC news clip that demonstrated the hostility ski hill owners had for the new sport.
Source: https://coinpedia.org/news/why-is-the-usa-opposing-crypto-stuart-alderoty-parallels-to-80s-snowboarding-resistance/