{"id":20216,"date":"2023-04-25T13:45:49","date_gmt":"2023-04-25T13:45:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/chamath-palihapitiya-says-crypto-is-dead-in-america\/"},"modified":"2023-04-25T13:45:49","modified_gmt":"2023-04-25T13:45:49","slug":"chamath-palihapitiya-says-crypto-is-dead-in-america","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/chamath-palihapitiya-says-crypto-is-dead-in-america\/","title":{"rendered":"Chamath Palihapitiya says &#8220;crypto is dead in America&#8221;"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682426799207-ed5d0aa3-a7c0-4b22-ad36-0433b24d491f-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682426799207-ed5d0aa3-a7c0-4b22-ad36-0433b24d491f-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682426799207-ed5d0aa3-a7c0-4b22-ad36-0433b24d491f-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682426799207-ed5d0aa3-a7c0-4b22-ad36-0433b24d491f-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Chamath Palihapitiya, a top tech investor and crypto bull, says regulators have killed crypto in the United States.<\/li>\n<li dir=\"ltr\">He notes that regulators have their guns trained at crypto, highlighting regulatory uncertainty and the crackdown on crypto companies.\u00a0<\/li>\n<li dir=\"ltr\">Palihapitiya said in 2021 that Bitcoin had replaced gold, predicting that BTC would rise to $200,000.<\/li>\n<\/ul>\n<p dir=\"ltr\">Tech billionaire Chamath Palihapitiya, a long time <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">bitcoin\u00a0<\/a>bull who once predicted the price of the flagship cryptocurrency will rise to $200,000, saying BTC had replaced <a href=\"https:\/\/coinjournal.net\/news\/tag\/gold\/\">gold<\/a>, has commented on the state of the crypto industry in the United States.<\/p>\n<p dir=\"ltr\">He <a href=\"https:\/\/www.cnbc.com\/2023\/04\/24\/crypto-is-dead-in-america-says-tech-investor-chamath-palihapitiya.html\" rel=\"noopener noreferrer\" target=\"_blank\">says<\/a> the regulatory uncertainty has killed the crypto innovation in the country.<\/p>\n<h2 dir=\"ltr\">Crypto dead in the US thanks to regulators<\/h2>\n<p dir=\"ltr\">In comments shared via an <a href=\"https:\/\/www.youtube.com\/watch?v=WvTTDxMuAis\" rel=\"noopener noreferrer\" target=\"_blank\">episode on the All-In podcast<\/a>, Palihapitiya warned that \u201c<em>crypto is dead in America<\/em>.\u201d\u00a0<\/p>\n<p dir=\"ltr\">The venture investor\u2019s remarks came a few days after the <a href=\"https:\/\/coinjournal.net\/news\/\">crypto industry<\/a> largely criticized the overall outlook of the <a href=\"https:\/\/coinjournal.net\/news\/tag\/crypto-regulation\/\">crypto regulation<\/a> in the US following SEC Chair Gary Gensler\u2019s appearance during a congressional hearing.<\/p>\n<p dir=\"ltr\">According to Palihapitiya, regulators are largely to blame for crypto\u2019s demise in the country, highlighting Gensler\u2019s comments that appeared to connect crypto to Silicon Valley Bank\u2019s collapse. Blaming the recent banking crisis on the crypto sector was the US authorities having their guns firmly pointed at crypto, the investor said.<\/p>\n<p dir=\"ltr\">US regulators have over the past few months tightened their crackdown on crypto, with crypto exchanges <a href=\"https:\/\/coinjournal.net\/news\/tag\/coinbase\/\">Coinbase<\/a>, Kraken, Bittrex among those targeted.<\/p>\n<p dir=\"ltr\">While Coinbase CEO Brian Armstrong recently said <a href=\"https:\/\/coinjournal.net\/news\/coinbase-could-relocate-from-the-us-if-no-regulatory-clarity-says-ceo\/\">the company could relocate<\/a> if the regulatory environement did not improve, Bittrex plans to wind down its US operations following the SEC charges citing regulatory uncertainty.\u00a0<\/p>\n<p dir=\"ltr\">Coinbase also <a href=\"https:\/\/coinjournal.net\/news\/coinbase-sues-sec-ark-invest-buys-8-6m-in-coinbase-stock\/\">sued<\/a> the SEC on Monday with the complaint against the agency relating to a rule making petition the exchange filed in July 2022.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crypto-is-dead-in-america-tech-investor-chamath-palihapitiya-says\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Chamath Palihapitiya, a top tech investor and crypto bull, says regulators have killed crypto in the United States. He notes that regulators have their guns trained at crypto, highlighting regulatory uncertainty and the crackdown on crypto companies.\u00a0 Palihapitiya said in 2021 that Bitcoin [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":20217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20216"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=20216"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/20217"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=20216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=20216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=20216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}