USA: latest attack on cryptocurrencies, they would be racist because ethnic minorities are more likely to lose money by making risky investment choices

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More amazingly, this committee finds a way to come and talk about aggrieved “minorities” through investments in cryptocurrencies. Yet real racism seems rather imply that these minorities would be more likely to make bad crypto investments and that you have to protect them from themselves in addition. Wouldn’t that be a fine example of totally unhealthy paternalism? Everyone will judge.

“(…) A significant part of the losses [engendrées par les faillites cryptos] was supported by unsophisticated investors (unsophisticated), including many minority investors, looking for rapid growth in their investments, without having the knowledge or information to assess the risks associated with those investments. »Excerpt from the IAC letter

It is becoming increasingly clear to all that the Joe Biden Administration has declared war on Bitcoin and cryptos. […]

Corner Newspaper

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The remarks raised raise questions. On the one hand by making crypto the currency of a minority, which we guess is racial and poor, but also by accusing it of being the cause of the financial difficulties of the population. This, by the losses that the investments cause.

In fact, what is it really?

We can therefore expect the SEC to continue to misuse alarmist rhetoric. In particular to wage a real war of opinion. Indeed, at a time when traditional finance is starting to lose its footing, the spread of fake news can be a good counterattack for regulators.

Thus, all our misfortunes do not come from the current system but from a crypto that gets rich on the poorest.

Yet, there are many things that go into Bitcoin’s favor. Indeed, crypto has repeatedly shown itself to be synonymous with independence. This, both 🥳 for women and for underbanked 🤑 countries. In the meantime, BTC has become a real safe haven. […]

Be(In)Crypto