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Nerve Finance (NRV) Price Prediction 2021-2025: Will NRV Reach $1 by 2021?

Nerve Finance (NRV) Price Prediction 2021-2025: Will NRV Reach $1 by 2021?

Rate this post Have you ever heard of StableSwap AMM? Don’t worry if you have not. A DeFi protocol called Nerve Finance (NRV) is an AMM (i.e., StableSwap AMM) that allows for low-slippage trading of synthetic assets (which are pegged) and stablecoins. Using a pegging approach to move assets (cross-chain) was one of the flaws of the Binance Smart Chain. Nerve Finance has rewarded BTCB vs. any BTC and ETH vs. any ETH for addressing this issue, hence increasing liquidity for these pegged assets. On Pancakeswap, Nerve has a BEP-20 token, NRV, with a 0.04 percent AMM trading charge and a 0.64 percent deposit fee for providing sticky liquidity. Are you interested in what Nerve Finance has planned for the coming months? In this article, we will provide a Nerve Finance (NRC) price prediction using various sources. We consider a variety of factors while making a Nerve Finance forecast such as past performance. What Is Nerve Finance (NRV)? Nerve is an automated market maker (AMM) built on the Binance Smart Chain that specializes in trading stablecoins and pegged assets. The first pool on Nerve will include dollar-pegged stablecoins such as USDC and USDT. BSC’s inexpensive gas rates and rapid transactions drove its decision to embrace blockchain, not ideological views. This is why Solana, a more business-focused network, has undergone a new launch. BSC has recently been chastised for slowing down the network in response to rising demand, especially from the PancakeSwap DEX and its farms. The requirement for multi-chain DeFi protocols now outweighs the earlier desire to operate on a single network. Nerve’s native token, NRV, has risen over 40% to a high of $4 before a slight reversal as of the time of writing on Solana. NRV has risen 400% in the previous 30 days, hitting an all-time high of $6.35 on April 12, 2021. The SOL token from Solana has gained 5.5 percent and reached its April 25, 2021, all-time high of $48.46. Because the crypto industry is rising in popularity and becoming more well-known, many cryptocurrency experts anticipate that the price of Nerve Finance will surge in the near future. In fact, some countries are concerned about it. On the other hand, the crypto market can be described as extremely volatile, and large price rises and drops can occur with little notice. What Is NRV Token? The NRV coin is a governance token (BEP20) with a 100,000,000 NRV maximum supply and such tokens are given to takers and liquidity providers. For each block, the first emission plan will manufacture 50 tokens, which will be reduced by 33% each week. Following that, each weekly emission will be lowered by 10%. Because of a decentralized governance vote, the emission schedule and overall supply can be altered as the community grows. Following Sushiswap’s lead, 10% of all emissions will be set aside for the community treasury, which will be used to fund Nerve growth and expansion in the future. When there is enough decentralization, this fund will be managed by the community. How NRV works? When swapping stablecoins, Nerve has relatively minimal slippage. Because you’re transferring US dollar-pegged crypto assets, you can expect to acquire exactly the same amount of USDC when you exchange it for BUSD. Nonetheless, with Nerve’s low slippage algorithm, near-zero slippage can be expected. Previously, users could only make cross-chain transactions through the Binance Bridge, which was restricted and custodial. Furthermore, the Binance Bridge imposes limitations and restrictions, limiting its utility for many users. When it comes to providing liquidity, it differs from the traditional way users offer liquidity on other DEXs. Instead of matching two types of equally-valued cryptocurrencies, users can deposit any of their stablecoins as a stand-alone cryptocurrency. It is not necessary to pair it with any other coin. Price Analysis of the NRV Flashback: Historical Price Analysis of NRV Since Nerve Finance is a newly launched DeFi project, there is no historical analysis of NRV like many other DeFi protocols. Nerve Finance (NRV) Price Prediction 2021 At the start of August 2021, NRV is expected to reach $0.804. The crypto market trend for NRV is bearish, and it is expected to decline to $0.79 by November 2021. Nerve Finance (NRV) Price Prediction 2022 Nerve Finance could debut in 2022, with a price range of $1.07 and the price of NRV is expected to grow to$1.15 by July 2022. However, by the end of 2022, NRV might be valued at $0.93, indicating a pessimistic sentiment. Nerve Finance (NRV) Price Prediction 2023 The price of NRV will grow to $1.1 by March 2023, and $1.47 by August 2023. Furthermore, the price of NRV is predicted to decline to $1.44 by the end of 2023. Nerve Finance (NRV) Price Prediction 2024 The price of NRV will peak at $1.46 in January 2024, then reduce to … Continued

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Have you ever heard of StableSwap AMM?

Don’t worry if you have not.

A DeFi protocol called Nerve Finance (NRV) is an AMM (i.e., StableSwap AMM) that allows for low-slippage trading of synthetic assets (which are pegged) and stablecoins.

Using a pegging approach to move assets (cross-chain) was one of the flaws of the Binance Smart Chain. Nerve Finance has rewarded BTCB vs. any BTC and ETH vs. any ETH for addressing this issue, hence increasing liquidity for these pegged assets.

On Pancakeswap, Nerve has a BEP-20 token, NRV, with a 0.04 percent AMM trading charge and a 0.64 percent deposit fee for providing sticky liquidity.

Are you interested in what Nerve Finance has planned for the coming months?

In this article, we will provide a Nerve Finance (NRC) price prediction using various sources. We consider a variety of factors while making a Nerve Finance forecast such as past performance.

What Is Nerve Finance (NRV)?

Nerve is an automated market maker (AMM) built on the Binance Smart Chain that specializes in trading stablecoins and pegged assets. The first pool on Nerve will include dollar-pegged stablecoins such as USDC and USDT.

BSC’s inexpensive gas rates and rapid transactions drove its decision to embrace blockchain, not ideological views. This is why Solana, a more business-focused network, has undergone a new launch.

BSC has recently been chastised for slowing down the network in response to rising demand, especially from the PancakeSwap DEX and its farms.

The requirement for multi-chain DeFi protocols now outweighs the earlier desire to operate on a single network.

Nerve’s native token, NRV, has risen over 40% to a high of $4 before a slight reversal as of the time of writing on Solana. NRV has risen 400% in the previous 30 days, hitting an all-time high of $6.35 on April 12, 2021.

The SOL token from Solana has gained 5.5 percent and reached its April 25, 2021, all-time high of $48.46.

Because the crypto industry is rising in popularity and becoming more well-known, many cryptocurrency experts anticipate that the price of Nerve Finance will surge in the near future. In fact, some countries are concerned about it.

READ  Blockstack’s STX Could Be Tradable in the U.S. Amid Blockchain 2.0 Launch

On the other hand, the crypto market can be described as extremely volatile, and large price rises and drops can occur with little notice.

What Is NRV Token?

The NRV coin is a governance token (BEP20) with a 100,000,000 NRV maximum supply and such tokens are given to takers and liquidity providers.

For each block, the first emission plan will manufacture 50 tokens, which will be reduced by 33% each week. Following that, each weekly emission will be lowered by 10%.

Because of a decentralized governance vote, the emission schedule and overall supply can be altered as the community grows.

Following Sushiswap’s lead, 10% of all emissions will be set aside for the community treasury, which will be used to fund Nerve growth and expansion in the future. When there is enough decentralization, this fund will be managed by the community.

How NRV works?

When swapping stablecoins, Nerve has relatively minimal slippage. Because you’re transferring US dollar-pegged crypto assets, you can expect to acquire exactly the same amount of USDC when you exchange it for BUSD. Nonetheless, with Nerve’s low slippage algorithm, near-zero slippage can be expected.

Previously, users could only make cross-chain transactions through the Binance Bridge, which was restricted and custodial. Furthermore, the Binance Bridge imposes limitations and restrictions, limiting its utility for many users.

When it comes to providing liquidity, it differs from the traditional way users offer liquidity on other DEXs.

Instead of matching two types of equally-valued cryptocurrencies, users can deposit any of their stablecoins as a stand-alone cryptocurrency. It is not necessary to pair it with any other coin.

Price Analysis of the NRV

Flashback: Historical Price Analysis of NRV

Since Nerve Finance is a newly launched DeFi project, there is no historical analysis of NRV like many other DeFi protocols.

Nerve Finance (NRV) Price Prediction 2021

At the start of August 2021, NRV is expected to reach $0.804. The crypto market trend for NRV is bearish, and it is expected to decline to $0.79 by November 2021.

Nerve Finance (NRV) Price Prediction 2022

Nerve Finance could debut in 2022, with a price range of $1.07 and the price of NRV is expected to grow to$1.15 by July 2022.

However, by the end of 2022, NRV might be valued at $0.93, indicating a pessimistic sentiment.

Nerve Finance (NRV) Price Prediction 2023

The price of NRV will grow to $1.1 by March 2023, and $1.47 by August 2023. Furthermore, the price of NRV is predicted to decline to $1.44 by the end of 2023.

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Nerve Finance (NRV) Price Prediction 2024

The price of NRV will peak at $1.46 in January 2024, then reduce to $1.28 by May 2024. Furthermore, by the end of September 2024, the price of AMPL is expected to reach $1.23, before climbing to $1.51 by the end of December 2024.

Nerve Finance (NRV) Price Prediction 2025

Nerve Finance’s price is expected to reach $1.67 in January 2025 as a result of its widespread acceptance.

By mid-2025, around July 2025, the price of NRV will rise to $2. Nonetheless, it will have dropped to $1.58 by the end of December 2025.

Nerve Finance (NRV) Price Prediction: Market Sentiment

Wallet Investor

According to Wallet Investor, if you buy Nerve Finance now for $100, you will get a total of 164.7 NRV.

Long-term growth is expected, according to Wallet Investor, with a price prediction of 5.04 USD for 11 July 2025.

After a 5-year investment in NRV, revenue is expected to increase by around +730.18%. Your current $100 investment might be worth $830 in 2025.

Digital Coin Price

The NRV price forecast for 2021 is $0.93, with a price of $1.14 projected in April 2022. Furthermore, NRV will drop to $0.94 in December 2022.

The price of NRV will climb to $1.58 in the next five years, representing a 159.57 percent increase.

Coin to Buy

According to Coin to Buy, the expected price of NRV in December 2025 is $5.55, indicating that the cryptocurrency will remain competitive.

Gov Capital

If you invest in NRV today, you can earn $1.36 per NRV at the beginning of September 2021. However, by 25 October 2021, the price of NRV will drop to $0 i.e., you will lose all of your money.

Coins Arbitrage Bot

The price of NRV will reach $2.48 by the end of December 2022 from $0.62 in July 2021. Furthermore, by 2024, the NRV’s price will rise to $6.504.

Our Nerve Finance (NRV) Price Prediction

Ethereum has priced out 99 percent of potential DeFi customers at the moment. The current ETH gas rates have reached the point where the majority of users’ on-chain transactions are worthless.

Whales have found safe refuge on the Ethereum network. While future scaling solutions may be able to solve this, L1s, such as BSC, now offer a solution.

READ  Ethereum Miners’ Revenue Reached Two-Year High In July

However, BSC’s total value locked has proved that there is a market for DeFi alternatives, of which Nerve Finance is one.

Nerve Finance is a DEX with an AMM that focuses on low-slippage stablecoin trading. It’s a brand-new project that premiered in early March 2021.

We can’t expect it to reach $50 anytime soon because it’s a new project. Based on the NRV price in July 2021, which has been $0.64 since its launch, we estimate NRV will reach $80 by the end of 2021.

Does NRV deserve a place in your crypto portfolio?

Despite the positive price trend, you should thoroughly examine the data before adding NRV or any other crypto asset to your portfolio.

Conclusion

Nerve finance has a lot of potentials, but it’s up against a lot of competition. Many other DEXs and financial protocols allow users to trade stablecoins, which may or may not be a bad thing.

When you swap your stablecoins on other DEXs, there appears to be more slippage than on Nerve regardless of the amount.

The price impact tends to rise when the prices are the same. This is inconvenient because stablecoins should be priced similarly. They’re stablecoins, after all! Nerve has the upper hand in this area.

The platform also intends to expand into other domains in order to provide a switching interface and bridge. It’s considering converting some of the bridged funds into BNB, for example, to pay for gas.

This means that Nerve Bridge users may be able to send and receive stablecoins without incurring fees.

Yes, Binance Smart Chain transaction fees are minimal, but they’re better than nothing, especially if you’re transferring between Ethereum and Binance Smart Chain. It is also unsatisfied with just three bridges.

They’re working on integrating the Solana network as their fourth bridge, which has seen a recent boom in dApp creation and usage.

Nerve Finance currently only looks to offer limited switching, but it is actively creating new features that might propel it into the top five dApps on the BSC.

However, according to Nerve Finance (NRV) price prediction, the price of NRV would reach $0.80 by the end of 2021 and then grow to $1.40 in the next five years.

Cryptoknowmics makes no claim to the authenticity of any information in this post, which has been compiled from a variety of sources we believe to be trustworthy. We do not encourage investing in crypto assets based on this post because we are not independent investment advisors.

#Nerve Finance #NRV Price Prediction

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Source: https://www.cryptoknowmics.com/news/nerve-finance-nrv-price-prediction-2021-2025-will-nrv-reach-1-by-2021/

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MANA Technical Analysis: Expect the Price to Fall Below the First Fibonacci Pivot Support Level of $0.655 Soon

MANA Technical Analysis: Expect the Price to Fall Below the First Fibonacci Pivot Support Level of $0.655 Soon

Rate this post MANA is a token that powers a virtual reality platform called Decentraland. MANA is an in-game token that can be used to buy plots of land and goods and services within the virtual reality space. Let us look at the technical analysis of MANA. Past Performance of Decentraland On September 18, 2021, MANA started trading at $0.815. As of September 24, 2021, the closing price of MANA was $0.702. Thus, in the past week, the MANA price has ranked by roughly 13.54%. In the last 24 hours, MANA has traded between $0.64-$0.75. https://www.tradingview.com/x/X0L58OoJ/ MANA Technical Analysis Currently, the price is trading below the support line of the parallel channel. It broke down from the rising trend. The price is currently trying to break out of the resistance zone and enter the parallel channel again. However, yesterday’s BTC shakedown changed the course of the price. Let us see what the price action is suggesting about the price movement: Currently, MANA is trading at $0.705. The price is near its renaissance and zone. It is trying to enter into the parallel channel, we have to wait and watch the price action. If the buying pressure increases, we can assume the price to breakout and enter the parallel channel. The MACD and signal lines are in the negative zone. However, a bearish crossover by the MACD line over the Signal line has occurred. Thus, the overall Decentraland market momentum is bearish, and we can expect a price to fall. However, both the lines are close to the zero line and may change signs soon. Thus, a trend reversal is on the horizon. The OBV indicator is gradually increasing. Thus, buying volumes are higher than selling volumes. Hence, we can predict that the investors are not losing their interest in the token. The RSI indicator is at 42.46%. It has just resisted from the 44.90% mark. Thus, selling pressures are slowly mounting. Hence, we can expect the price to start falling again in a few hours. Also, the RSI can form a base around this level and start to rise after taking support from this zone. Day-Ahead and Tomorrow The MANA price has fallen below the Fibonacci pivot point of $0.777. As some of the oscillators have shown bearish signals, we can expect the price to fall below the first Fibonacci pivot support level of $0.655 soon. Traders can take a short position by keeping a stop loss at $0.805. The price has tested and fallen below the FIB retracement level of $0.80. If the price falls below the 23.6% FIB extension level in some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well. However, if the price breaks out of the immediate resistance of $0.777. It will highlight the next resistance level, which is at $896. Traders can go long by keeping a stop loss at $0.655.

The post MANA Technical Analysis: Expect the Price to Fall Below the First Fibonacci Pivot Support Level of $0.655 Soon appeared first on Cryptoknowmics-Crypto News and Media Platform.

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MANA is a token that powers a virtual reality platform called Decentraland. MANA is an in-game token that can be used to buy plots of land and goods and services within the virtual reality space. Let us look at the technical analysis of MANA.

Past Performance of Decentraland

On September 18, 2021, MANA started trading at $0.815. As of September 24, 2021, the closing price of MANA was $0.702. Thus, in the past week, the MANA price has ranked by roughly 13.54%. In the last 24 hours, MANA has traded between $0.64-$0.75.

TradingView Chart

MANA Technical Analysis

Currently, the price is trading below the support line of the parallel channel. It broke down from the rising trend. The price is currently trying to break out of the resistance zone and enter the parallel channel again. However, yesterday’s BTC shakedown changed the course of the price. Let us see what the price action is suggesting about the price movement:

Currently, MANA is trading at $0.705. The price is near its renaissance and zone. It is trying to enter into the parallel channel, we have to wait and watch the price action. If the buying pressure increases, we can assume the price to breakout and enter the parallel channel.

The MACD and signal lines are in the negative zone. However, a bearish crossover by the MACD line over the Signal line has occurred. Thus, the overall Decentraland market momentum is bearish, and we can expect a price to fall. However, both the lines are close to the zero line and may change signs soon. Thus, a trend reversal is on the horizon.

The OBV indicator is gradually increasing. Thus, buying volumes are higher than selling volumes. Hence, we can predict that the investors are not losing their interest in the token.

The RSI indicator is at 42.46%. It has just resisted from the 44.90% mark. Thus, selling pressures are slowly mounting. Hence, we can expect the price to start falling again in a few hours. Also, the RSI can form a base around this level and start to rise after taking support from this zone.

Day-Ahead and Tomorrow

The MANA price has fallen below the Fibonacci pivot point of $0.777. As some of the oscillators have shown bearish signals, we can expect the price to fall below the first Fibonacci pivot support level of $0.655 soon. Traders can take a short position by keeping a stop loss at $0.805.

The price has tested and fallen below the FIB retracement level of $0.80. If the price falls below the 23.6% FIB extension level in some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well.

However, if the price breaks out of the immediate resistance of $0.777. It will highlight the next resistance level, which is at $896. Traders can go long by keeping a stop loss at $0.655.

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Source: https://www.cryptoknowmics.com/news/mana-technical-analysis-expect-the-price-to-fall-below-the-first-fibonacci-pivot-support-level-of-0-655-soon/

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Pat Toomey Calls China’s Crypto Ban “a Big Opportunity for the U.S.”

Pat Toomey crypto crackdown

Rate this post With PBoC recently declaring that all crypto transactions in China will be deemed illegal, Republican Senator Pat Toomey sees this as the perfect opportunity for the United States to set its dominance in the tech industry. China’s Crackdown is an Opportunity for the U.S. Says Pat Toomey According to tweets by U.S. Senator Pat Toomey, China’s ongoing crackdown on cryptocurrencies is a big opportunity for the United States. “China’s authoritarian crackdown on crypto, including #Bitcoin, is a big opportunity for the U.S. It’s also a reminder of our huge structural advantage over China.” Toomey’s comments follow the most recently released statement from the People’s Bank of China (PBoC) that declared the ban of all crypto-related transactions including services provided by foreign exchanges. The announcement triggered a market-wide pullback, sending the price of the leading cryptocurrency Bitcoin (BTC) down to slightly above $40,000. Toomey claimed that “Beijing is so hostile to economic freedom they cannot even tolerate their people participating in what is arguably the most exciting innovation in finance in decades”. He argued that “economic liberty leads to faster growth, and ultimately, a higher standard of living for all.” American Crypto Regulation Appears Still Unclear In the meantime, crypto Twitter responded to the senator’s tweet saying that their own U.S. Securities and Exchange was itself “hostile to economic freedom” Recently our own SEC has been pretty hostile to economic freedom. — McChadald’s CEO (@mcchadald) September 24, 2021 For instance, Coinbase eventually opted against launching its Lend product after the U.S. SEC declared its intention to sue the exchange if it went forward with its plan. In a blog post, Coinbase said that the company has been actively engaged in dialogue with the SEC for six months prior to receiving the threat of being sued. Per the post, after engaging extensively with the SEC about the product, Coinbase was told that the regulatory agency “consider Lend to involve a security, but wouldn’t say why or how they’d reached that conclusion.” Earlier this week, Coinbase said it would continue to “seek regulatory clarity for the crypto industry as a whole” and that they have made the “difficult decision” to not launch the Lend program and discontinue the Lend waitlist.

The post Pat Toomey Calls China’s Crypto Ban “a Big Opportunity for the U.S.” appeared first on Cryptoknowmics-Crypto News and Media Platform.

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With PBoC recently declaring that all crypto transactions in China will be deemed illegal, Republican Senator Pat Toomey sees this as the perfect opportunity for the United States to set its dominance in the tech industry.

China’s Crackdown is an Opportunity for the U.S. Says Pat Toomey

“China’s authoritarian crackdown on crypto, including #Bitcoin, is a big opportunity for the U.S. It’s also a reminder of our huge structural advantage over China.”

Toomey’s comments follow the most recently released statement from the People’s Bank of China (PBoC) that declared the ban of all crypto-related transactions including services provided by foreign exchanges.

The announcement triggered a market-wide pullback, sending the price of the leading cryptocurrency Bitcoin (BTC) down to slightly above $40,000.

Toomey claimed that “Beijing is so hostile to economic freedom they cannot even tolerate their people participating in what is arguably the most exciting innovation in finance in decades”. He argued that “economic liberty leads to faster growth, and ultimately, a higher standard of living for all.”

American Crypto Regulation Appears Still Unclear

In the meantime, crypto Twitter responded to the senator’s tweet saying that their own U.S. Securities and Exchange was itself “hostile to economic freedom”

For instance, Coinbase eventually opted against launching its Lend product after the U.S. SEC declared its intention to sue the exchange if it went forward with its plan.

In a blog post, Coinbase said that the company has been actively engaged in dialogue with the SEC for six months prior to receiving the threat of being sued. Per the post, after engaging extensively with the SEC about the product, Coinbase was told that the regulatory agency “consider Lend to involve a security, but wouldn’t say why or how they’d reached that conclusion.”

Earlier this week, Coinbase said it would continue to “seek regulatory clarity for the crypto industry as a whole” and that they have made the “difficult decision” to not launch the Lend program and discontinue the Lend waitlist.

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Source: https://www.cryptoknowmics.com/news/pat-toomey-calls-chinas-crypto-ban-a-big-opportunity-for-the-u-s/

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Coinbase wants to be ‘an advisor, a helpful advocate’ for this purpose

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“While half of the lawmakers in DC have misconceptions about crypto, the other half have realized that the crypto industry is a huge opportunity….”

If that isn’t ambiguity on the part of United States lawmakers, it would be difficult to say what is.

Coinbase CEO Brian Armstrong touched upon the same in a recent podcast with Anthony Pompliano, with the exec citing his latest visit to the capital to expand on the regulatory uncertainty in the United States.

According to Armstrong, ordinarily, “the intense demand for crypto-industry regulation” is a good thing since it often accompanies the growth of the industry itself.

However, as far as Washington DC is concerned,

“They think ‘this is scary, this is dangerous,’ they have all kinds of misconceptions about the percentage of activity that’s for illicit activities. In their mind, they think it’s like 50% illicit activity.”

Not all lawmakers feel this way though, with quite a few in the Capitol recognizing that the crypto-industry is a huge opportunity.

“They realize this is a hugely important industry for the United States and every country around the world. It exists in a competitive environment where the U.S needs to attract these entrepreneurs and get these companies built here.”

American citizens want these products and services, and crypto is not a fringe thing anymore, he added.

Can the aforementioned concerns be addressed though? Well, yes. According to Coinbase’s own research, for instance, illicit activity accounts for less than 1 percent of all crypto-transactions. In fact, a higher percentage of cash is used for such activities worldwide.

Even so, denying people what they want can have huge repercussions in the future. According to the exec,

“There are tens of millions of Americans that want to use these products and services and they’re getting a benefit from it that they weren’t getting in the traditional financial system.”

An embargo in place?

It’s worth pointing out here that the exec didn’t hold back one bit when characterizing the situation in the United States.

“It’s almost like prohibition, historically. You can’t go out and try to criminalize something 50 million Americans are doing. You’re just going to turn them all into criminals, but they’re not going to stop doing it.”

The fact that these lawmakers have refused to meet with crypto-representatives, including those from Coinbase like Armstrong, further feeds into this notion of criminality.

Next steps…

What next? Well, Coinbase wants to propose a federal regulatory framework and “be an advisor and a helpful advocate for how the U.S. can create sensible regulation.” The expected proposal is set to be presented by the end of the month or early next month. 

How will such a proposal be received, however? Well, it’s difficult to say. After all, Coinbase’s relationship with the SEC recently took a hit after it was threatened with legal action over its planned lending products.

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Source: https://ambcrypto.com/coinbase-wants-to-be-an-advisor-a-helpful-advocate-for-this-purpose

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