How One Esteemed Intellectual Property Lawyer is Cracking Down on Crypto | Crypto

How One Esteemed Intellectual Property Lawyer is Cracking Down on Crypto

-The US government has been cracking down on cryptocurrency-related platforms and businesses in the past few months.
-This is due to the fact that these platforms and businesses have been used for scams and other fraudulent activities.
-The US Securities and Exchange Commission (SEC) has finally decided that these criminal acts cannot be ignored.
-In 2021 alone, 35 bills geared toward regulating cryptocurrency and digital assets have been introduced in the 117th Congress.
-Zeming M. Gao, a business and tech consultant, believes that the government should focus on studying and promoting blockchain technology, rather than cracking down on cryptocurrency businesses.
-Scaling is key because it enables the constant increase of block sizes and transaction capacity, reducing fees in the process.

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