In fact, this has led to the development of open interest on Bitcoin, paving the way for new contracts.
According to a recent statement, the United States Treasury Secretary, Steven Mnuchin, said:
“We want to make sure that technology moves forward, but on the other hand, we want to make sure that cryptocurrencies are not used for the equivalent of old bank accounts with secret Swiss numbers”
But even Federal Reserve Chairman Jerome Powell admitted that cryptocurrencies and the creation of a Fed coin are being lost.
So regulation is being seen on the horizon also because the US needs to regulate this sector.
Also driven by China which for its part is far ahead of them without thinking about countries like Malta, Switzerland and Japan that have already regulated the sector.
A possible regulatory scenario could be very positive for bitcoin as it would pave the way for new capital.