New DOGECOIN + BITCOIN BANNED IN THE NEXT U.S. Stimulus Package? [Crypto News Update] BTC DOGE

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REGULATIONS! Could President Biden’s American Jobs Stimulus package effectively ban Dogecoin, Bitcoin and other cryptocurrencies in the US? Let’s find out all the details, including the actual text, the Biden administration’s stand on crypto, and how we compare with other countries around the world. Is it a good time to get out now? all probably heard of the overnight flash crash of cryptocurrencies from all over. Bitcoin dropped as low as $52,148.98 on Sunday morning after reaching an all-time high above $64,800 on Wednesday. ether, the second-biggest token by market value, dropped as much as 18% and fell below $2,000 on Sunday. Also, crypto underdog dogecoin, which soared more than 400% at one point last week and hit an all-time high of 45 cents, dropped as low as 24 cents this weekend. Well, one of the big factors behind this was Turkey banning the use of cryptocurrencies and other digital assets for payments. According to their central bank, cryptocurrencies “may cause non-recoverable losses for the parties to the transactions” due to the lack of regulation.

Another big rumor behind the crash was that the U.S. Treasury Department could be looking to crack down on financial institutions for money laundering using cryptocurrency. A viral tweet last Saturday evening from the account @Fxhedgers said that there was a possibility of a crackdown according to unnamed sources. No official comment from the US Treasury Department yet. Could this be a sign of things to come from the Biden administration and cryptocurrencies, like Bitcoin and Dogecoin?

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Let’s focus our attention to the upcoming stimulus/infrastructure package that Biden and the Democrats are busying themselves with. Here’s the fact sheet of what they’re calling the American Jobs Plan. We can see a potential red flag here where it says, “our nation is falling behind its biggest competitors on research and development (R&D), manufacturing, and training. It has never been more important for us to invest in strengthening our infrastructure and competitiveness.” They’re already considering developing the country’s own version of cryptocurrency. I mean, other countries, like China, are doing this already.

Biden talks about his Made in America Tax Plan. “President Biden believes that profitable corporations should not be able to get away with paying little or no tax by shifting jobs and profits overseas. Expressing his concerns over cryptocurrency as well is US Federal Reserve chairman Jerome Powell. According to him, “they’re highly volatile and therefore not really useful as a store of value. They’re more of an asset for speculation. So they’re also not particularly in use as a means of payment. … It’s essentially a substitute for gold rather than for the dollar.

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The goal is to bring the American people up to date by covering the third stimulus check update progress and the stimulus 3 developments. When you need a status on the stimulus check 4, Ron Yates . The 3rd stimulus check and the stimulus check round 3 is expected to happen with Joe Biden as President and Democrats in control of the Senate. stimulus finally passed $1400 third stimulus check update unemployment checks coming.

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  2. Lol, being that companies are entering the crypto market now they will try to cause the price to drop so they can get more for less. This is just like they said it wouldn't work when crypto started. Now they are making their own crypto currency, and they step on regular folks to do it. Anything for a buck…

  3. be fearful when people are greedy,be greedy when people are fearful.I made a right choice by joining AUTOMATE PLATFORM I make a profitable Investment with AUTOMATE while people are still in doubt

  4. Investing in crypto is the only big chance of making money
    For real crypto is profitable
    Crypto is the new gold

  5. Theres another stimulus coming? Havent been following much on this anymore.

  6. Perhaps the government secretly likes crypto as a means to wash the created debt they inject into the markets daily.

  7. Those Scumbags need to learn their place Fast, they are acting like Diktators!

  8. You know crypto currency investment control huge part of the world's passive income. I invest big and make bigger profit after each trade courtesy of Kayla Johnson.
    She's the most sincere, reputable and trustworthy broker I know in the crypto world.

  9. Hi Ron, love your channel. Unfortunately most of what you have shared in this episode is pure FUD, Fear, Uncertainty, Doubt. Doge is a total meme coin and has zero intrinsic value, not to mention its inflationary.
    The US Treasury doesn't go after financial institutions, that's the SEC's jurisdiction…more FUD. JP Morgan has just recently started hiring Blockchain developers. I recommend you follow @Bitboycrypto and/or @JRNYcrypto both have great cryptocurrency content. ₿

  10. Nice video I so much love it…… most people remain poor only because friends and relatives discouraged and advised them against investing and trading forex while the wise ones kept investing and going higher financially

  11. People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin

  12. Their regulations won't make any difference other than scaring people into selling off their crypto assets….crypto is decentralized and the government knows it cannot track it or tax it. They just want to stay rich and keep regular Americans poor. ONLY SCARE TACTICS TO MAKE YOU SELL… will see the crypto markets bounce back within a week. If I was financially able I would be buying cryto like crazy now for the discounted prices.

  13. This is only a scare tactic by our government. They are so scared of losing their wealth and power but they have racked up so much national debt that the American dollar is doomed to fail, the only question is when. If crypto was truly in trouble then why would the SEC be approving new coins right now. Canada just added several new crypto coins to their exchange. The government wants you to sell off your crypto but you will be sorry if you do because crypto is here to stay and will bounce back even higher. The government just wants you to panic and sell so they can buy up as much crypto as they can at cheaper prices.

  14. “China is Our Biggest Competitor.”
    ~ Illegitimate President Biden
    He wants the US Just like Them!
    He INVITED THOUSANDS of Undocumented to Slave Away at His Workhouses!