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Today, Binance CEO Changpeng Zhao pointed out the main feature of Bitcoin technology, which allows it to withstand inflationary pressures, which traditional fiat currencies lack.
No one can print bitcoins out of thin air. Mining is an important function.
His words came after the US government printed $ 300 billion “out of thin air” to save the country’s three major banks.
Many experts believe that the US government is deliberately persecuting the crypto industry after the closure of Silvergate Bank, which collaborated with crypto projects.
It is clear that the Biden administration is using the chaos in the market to kill the cryptocurrency. That is why I sent an investigative letter to FDIC Chairman Grunberg yesterday asking for more information,” Congressman Tom Emmer wrote.
In an interview, Emmer cited two sources as saying that any company buying Silvergate Bank would be required to sign a commitment banning crypto transactions.
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