Crypto Is Under Attack in the US, Says Galaxy Digital

The video discusses the challenges faced by the crypto industry due to the SEC's regulatory stance, contrasting it with more progressive approaches in other countries. It highlights concerns about a potential exodus of crypto businesses from the US, emphasizing the alignment of crypto with American values. The discussion also covers stablecoin legislation and the potential role of a CBDC, with skepticism from the Federal Reserve. Despite regulatory crackdowns, Bitcoin remains a strong performer, with its price rising significantly. The video concludes with the importance of Ethereum's Shanghai upgrade, marking a major milestone in its development.

What is one reason the SEC is seen as challenging the cryptocurrency industry in the US?

• Limited market size

• Lack of technological infrastructure

• High transaction fees

• Lack of disclosure in the industry

How might stablecoin legislation benefit the US dollar?

• By reducing inflation

• By expanding the dollar's reach and creating new buyers for US debt

• By increasing interest rates

• By limiting foreign investments

What is a potential role of stablecoins in the US market?

• Supporting the US dollar globally

• Increasing inflation

• Eliminating the need for banks

• Replacing physical currency

Why is Bitcoin considered a global asset class?

• It is used and traded by people worldwide

• It is only available in digital form

• It is only traded in the US

• It is regulated by a single global entity

What was a significant event for Bitcoin at the beginning of the year?

• A major price drop

• A new regulatory framework

• A significant trading day after bank closures

• A technological upgrade

What was the main achievement of the Ethereum Shanghai and Capella upgrades?

• Transition from proof of work to proof of stake

• Development of a new blockchain

• Introduction of a new cryptocurrency

• Increase in transaction fees

How does the Ethereum upgrade affect its economic model?

• It increases transaction fees

• It enables unstaking and allows the free market to operate

• It introduces a new currency

• It limits the number of transactions