We may be on the brink of a total dismantling of the crypto industry in the United States.
The SEC has been aggressively cracking down on ICOs and other crypto related projects and the IRS is coming after cryptocurrency holders for taxes.
Recently, the SEC has issued subpoenas to dozens of companies associated with the ICO market and is taking a hard stance on anything related to digital currencies.
The IRS is also getting involved and is requiring cryptocurrency holders to report their gains and losses and pay taxes on them.
This could be a huge blow to the crypto industry in the US, as the uncertainty and fear could cause investors to back away.
The future of crypto in the US is uncertain, but one thing is certain, the government is taking a hard stance and is not afraid to crack down on any companies or individuals associated with cryptocurrency.
