Crypto crackdown

xuanling11
Coinmonks
Published in
1 min readMar 29, 2023

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Photo by Verne Ho on Unsplash

The government is expediting to crack down on cryptos.

Binance is facing a lawsuit from CFTC.

Crypto is facing an existential crisis after many crashes and bad actors.

It is a time to soul searching about what crypto is about.

Does it to replace the existing financial system or an alternative future to help people?

More regulations are likely coming and crypto exchanges are closing down to few who compliances with.

But the real idea of crypto is decentralization that works for everyone but no benefits of few people.

Unfortunately, the crypto booming only helps a few people indeed.

It is time to find out what crypto real means for everyone.

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