The US's Anti-Coincurrency Campaign Is a Coordination Effort

CoinDesk believes the threats facing crypto due to recent US actions are existential enough to merit taking a stand. CoinDesk almost never adopts a formal position on issues but in this case, our position should be made clear. We do not believe these attacks will succeed in their stated goal of protecting Americans from fraud and scams. The reaction suggests that it is highly likely to push technological innovation outside of US borders. Some firms are looking at moving overseas, while others are worried they will lose or be unable to obtain bank accounts.