{"id":21178,"date":"2023-05-24T05:57:12","date_gmt":"2023-05-24T05:57:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/u-s-falling-behind-in-bitcoin-movement\/"},"modified":"2023-05-24T05:57:12","modified_gmt":"2023-05-24T05:57:12","slug":"u-s-falling-behind-in-bitcoin-movement","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/u-s-falling-behind-in-bitcoin-movement\/","title":{"rendered":"U.S. Falling Behind in Bitcoin Movement"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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The United States is \u201closing\u201d the bitcoin movement, according to Cathie Wood, founder of investment management ARK Invest, because of its regulatory framework.<\/p>\n

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Wood stated her concerns during a speech at Fortune\u2019s Most Powerful Next Gen conference, stressing how the center of gravity for cryptocurrencies is shifting away from the United States, as illustrated by cryptocurrency exchange Coinbase gaining licenses in Bermuda and eyeing expansion in Singapore.<\/p>\n

\u201cIt would be nice if the U.S. were leading this movement, but we\u2019re losing it, and we\u2019re losing it because of our regulatory system,\u201d Wood said.<\/p>\n

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ARK Invest, noted for its large orders of Coinbase shares, is an aggressive participant in the crypto market. Wood also expressed dissatisfaction with the Securities and Exchange Commission\u2019s (SEC) attitude on cryptocurrency rules, as well as continuing issues with Coinbase and Ripple.<\/p>\n

Wood noted that the collapse of crypto exchange FTX last year, as well as recent banking crises, highlighted the perils of centralized financial systems, in contrast to bitcoin<\/a>\u2018s decentralized nature.<\/p>\n

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\u201cThe reason it\u2019s adopted is, first of all, many people like the idea of a decentralized, transparent, auditable monetary system. It was born out of the 2008\/2009 crisis, when people just lost all trust in financial services,\u201d she said.<\/p>\n

\u201cAnd, very interestingly, it took another two crises within the last year to prove the concept. FTX failed because it was centralized, opaque, and not auditable.\u201d<\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) The United States is \u201closing\u201d the bitcoin movement, according to Cathie Wood, founder of investment management ARK Invest, because of its regulatory framework. 350% or 5BTC + 150 Spins! New players only. Welcome Bonus – 350% bonus on your first deposit up to 5BTC Wood stated […]<\/p>\n","protected":false},"author":35,"featured_media":21179,"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":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21178"}],"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\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21178"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21179"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}