What happens if crypto is banned in the US?

[Alexandoy]

This thread is a premise that is related to the recent news about China banning the Bitcoin and other crypto currency. Chinese are now prohibited to deal with crypto whether they buy only much more in trading. The Chinese politburo made it illegal for Chinese to transact using crypto currency.

This prohibition of China has greatly affected the crypto currency which is now getting to be a big industry. More than half of the world have crypto users and traders. But with China’s new policy against the crypto it looks like a big blow. Slowly the prices of crypto sinking slightly but in the next days or weeks it can be seen. Now this question in the title, what do you think will happen to the crypto if the US would also ban the crypto? Don’t say this is far fetched because crypto currency is a commodity that is not regulated yet so the government is quite intimidated.

 

[Mika]

China is a rogue nation, there is no democracy, there is an authoritarian rule. Therefore, the government can force any decision on its people. China is a country that rank bulldozer over its own students back in 1990. However, the US is not China. The US is a democratic country, government cannot simply enforce law, even if it does it will be contested in the court.

 

[Samuel72]

Well I don't think cryptocurrency can ever be banned in United States this is because united state has more investors in cryptocurrency business but if eventually cryptocurrency is banned in United States, I think these will be the crash of cryptocurrency and every cryptocurrency investors will lose