When you read this article supporting the concept of crypto by Binance publicly supporting Bitcoin you realize how futile it is in the big picture.
We have followed the Ripple/XRP saga which represents the leading edge of trying to get the SEC to give securities status to crypto for PERSONAL use.
Although the SEC HAS given permission for INSTITUTIONS to trade crypto “products” amongst themselves they have never given the green light for personal adoption BECAUSE THEY CAN’T.
Given the stubborn inflation that has dogged the purchasing value of the dollar since the floodgates opened with the PPP loans and support at the onset of the pandemic, the stark reality is every major financial behemoth has lined up for applications to be given permission to be a “crypto” custodian for their clients with the SEC.
And the aggregate total of the assets these entities control is literally in the TRILLIONS of dollars. So if the Federal Reserve, which is controlled by international bankers and NOT our government, realizes their manical control of our dollar is threatened by the perceived massive outflow of these assets into a decentralized platform THEY DO NOT CONTROL and the vaunted CBDC is still in gestation to counter it, it is a foregone conclusion to us that crypto at best will have sporadic support globally but without “Swift Network” support anchored by the US dollar TOTAL global adoption impossible. And that support rests solely with the SEC approvals being held back. And in our view, the final adoption of crypto as an approved universal form of payment a long way off here no matter what other countries do given these considerations.