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BTC dumps as Coinbase CEO mentions potential US regulations for crypto wallets

Veterans will say it’s the same story in a different dress. Bitcoin has, historically, been met by regulatory “FUD” or the prospects of a ban whenever the asset’s prices go parabolic. This was last seen in 2017 when China said it would “ban Bitcoin,” causing a near 30% drop in prices then. A similar pattern has emerged this time, but with the US as the narrator. As per a Twitter thread today by Coinbase CEO Brian Amstrong,...