US is completely different from china I doubt the US government would take the measures that china has taken, in the US there is democracy and the laws work (there are cases where justice fails for some citizens) but overall the US is completely different from the dictatorship chinese

I am more certain that the US will become a competitor to China in this case. The US should make this moment to immediately adopt cryptocurrency or, most importantly, Bitcoin on a large scale. Because if the US actually follows what China is doing, it is clear that they have lost and are labeled as a country that only follows suit. Only one way to prove that the US is the most contributing country in growing the global economy is to decide to go against China in terms of the crypto industry.

https://sg.news.yahoo.com/elon-musk-urges-government-nothing-203008587.html

Aaaay! I actually agree with Elon Musk's opinion concerning Bitcoin for once. This is wishful thinking though, unfortunately. What are the chances that the government would just leave alone the asset class that's detrimental to their existence?

And that is exactly what China did, they did nothing to cryptocurrency but Ban.  Do you think this is what Elon wants to say?

It's too late to say, no regulations now because the senate had spent countless hours already to come up with something so they could control the growth. I think the regulation is good, the regulatory board however has to be educated that they can understand where they can only regulate the transactions. 

They won't do it in the open like China but trust me, whatever China does, US does it covertly. Remember the NSA leak by Edward Snowden where he confirmed that NSA was spying on it's own people? Democracy is just a word and the US government only uses it when it's convenient.

It's hard for me to look and read hundreds of posts claiming that China made a total ban on cryptocurrencies yesterday or two weeks ago - and the bans began in 2013 when 90% of members of this forum who are active today did not even know what Bitcoin was. Even then, it was clear what their attitude was towards cryptocurrencies and how it would end up - in a country that also censored the Internet and where human rights do not exist.

It's even crazier that someone is now seeking advice from EM, as if he's someone important who can influence the US government to do something one way or another. They protect their currency and under the pretext of national security can ban anything at any time.

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When it comes to the US and most of its vassals (EU, Japan, India, Israel, UK ...), the chances are zero. Either they will be able to impose full control, or they will start adopting the same measures as China - with the difference that they will not say "we are introducing a complete ban on cryptocurrencies", but the regulatory framework will be so strict that it will demotivate the majority to use them.

Its good to see that Elon is supporting the crypto at right time. I am sure this news will also get the attention of various politicians who has great connections with Elon for funding purpose. I mean his a billionaire and these are very common things with the rich peeps to have such relations.

Now, connect this with the Elon's investment in bitcoin and doge(?), which gives the ample clue that he is protecting his own assets. If this is the case then slowly the political pressure will build in this case scenario. Since its Elon's money and ultimately it's their money too!  

Also, I would like to think that there is no relation between China's ban and USA regulating the crypto. Not even close I guess.

The government has difficulty controlling bitcoin because if they can't control it. This will make it difficult for political movements in finance. Because they can't rule like fiat today.

We don't need to listen to opinion of Elon Musk to know that governments can not ban Bitcoin. Give me the Internet and Bitcoin is unbannable.

Governments can not say ASICs are equipments for criminals, can they? I believe it is unrealistic thing they can do.

Take this news Billion dollar Bitcoin mining industry resumes in Iran after three-month ban. Do you think that all bans will be canceled some days, in China or any nation?

China currently has a fuel crisis but when the crisis is over, Bitcoin mining in China will be allowed again.

I doubt that the US government will thread the same path as China. US government might seek to fill the void China is creating with their ban and in that way have an advantage over China. US might be listed as Cryptocurrency-friendly country soon.