In a conference in California, Elon Musk shared some points of view on crypto and suggested the US regulators do nothing for crypto.
Elon Musk is a famous person in the world of technology as well as in the crypto industry. Elon Musk became famous in the crypto industry because of DogeCoin & Bitcoin. Time to time, Elon Musk shared about his plans & stances on the crypto & crypto industry.
In Code Conference in California, Elon Musk talked about China ban. Elon Musk explained why the Chinese government took action on Bitcoin mining.
According to Elon Musk, there are many cities in the South China region, which are getting random electricity supply because of electricity shortage. So this decision to ban crypto was a need for their citizens.
Later, Elon Musk was asked, what he thinks about crypto regulation.
Elon Musk said that Crypto’s Decentralized nature is a biggest challenge for the governments to regulate crypto. While crypto adoption can be retarted through the regulation but can’t be destroyed.
When Elon Musk was questioned about what he thinks about the US regulators involvement in crypto regulation. Then Elon Musk clearly replied that US regulators should not do anything on crypto regulation.