The Governments Plan To Silence Crypto: What Is The Bitlicense?

The was one of the first major pieces of regulation that the crypto industry saw, and now that SBF is pushing for a federally enforced license, it's worth looking into what this means for crypto. In this video, I go over the history of and why it can cause monumental trouble for crypto and defi as a whole.

0:00 intro
0:26 Bitlicense Origins
1:01 Price of the License
2:11 Faces Behind the Bill
3:11 Future of the New York License
3:43 Federal License

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The Governments Plan To Silence Crypto: What Is The Bitlicense?

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27 Comments

  1. Idk how influential can SBF be after his company went insolvent and had to bought by Binance 😂😂😂

    1. Think there’s more that meets the eye on this whole thing. SBF has been taking the most criticism ever then has a random spat with CZ and the next day they’re buying it. Seems planned seems like SBF has another plan cuz he still has the most influence in Washington. We shall see if this is the end of it

    2. Exactly! The US gov can take that license and shove it. These clowns think we are slaves. Even as they destroy the current system, they wanna prevent us from peer to peer transacting. Talk about a revolution, these old bastard better chill the hell out!

  2. I always thought SBF was the guy from the “don’t buy dogecoin, you’ll be missing the crypto calender coins”

    1. What about the banks when they go bust and people funds disappear, atleast with crypto you can keep your assets with the bank your money is gone period

  3. I want to believe that the Government will ultimately not achieve its goals, because if the cryptocurrency becomes controlled by the Government, it will lose its appeal to me and most likely I will sell everything I bought on BFX.

  4. Thanks Ben. It should open more people’s eyes to the risk of this regulation. And congrats for having the last laugh 😉

  5. Bitboy did said: He was gonna have SBF deleted and did 😳! Stephen Curry and Kevin O ‘ Leary where heavily invested with FTX must be 😭

    1. I remember O’Leary saying that the bottom wasn’t in for crypto and that it was going to take one of the giants going down. Guess he was right, but he probably wasn’t expecting it to be his golden boy.

  6. Good for views, I think Ben is out of town (seriously, pre-recorded), however, I don’t think SBF will have much influence on anything anymore 🤣🤣🤣

  7. Everything Ben has said the last 3 months is turning into fruition, people may doubt you & call you all sorts of names but don’t stop preaching Ben we need your word to inspire Us & keep us on the right side of crypto

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