The lawmakers residing within the borders of the United States of America have always been incompetent. However, recent reports prove that their nature is far from evolving. There has been a growing epidemic in the U.S. due to the rise in the number of opioid addicts.
Let me remind you of a true story. When Pablo Escobar became the richest man in the world by selling cocaine, his primary source of income was Miami in Florida. You see, Americans love drugs, but most of them are afraid to admit their wrongdoings. That’s why the DEA got involved and a few years later, Pablo was killed as a result of a joint-operation involving Columbian soldiers.
Because the government just can’t deal with the outflow of cash. A press release on https://www.whitehouse.gov states refers to an upcoming “Crack Down on Trafficking of Fentanyl and Synthetic Opioids”. As usual, they have placed the blame involving manufacturers on a separate nation [this time it is China, after all, the U.S. are engaged in a trade war against them].
According to these guardians of law and order, Bitcoin, Ethereum, Bitcoin Cash and Monero is to blame for this. We already know how bad the situation is with regards to the legality of marijuana [which is the healthier alternative to opiates].
2 years ago, more than 70,000 people were victims of an overdose involving opiates. Such events have only increased as time breezed by, and the DEA hasn’t made any major arrests. However, the U.S. Treasury Department had blacklisted a few Bitcoin and one Litecoin address linked to Xiaobing Yan, Fujing Zheng, and Guanghua Zheng who are now listed as “kingpins”.
In a few short years the $gold:$btc ratio has gone from 6 to 0.15. Where will the ratio be in another 4 years?
— Bitcoin (@Bitcoin) August 24, 2019
Setting-up fair regulations will take months of effort by the senators and members of the Supreme Court.