‘Crypto is dead in America’ thanks to regulators, says investor Chamath Palihapitiya, who once thought Bitcoin could hit $200,000

“The United States authorities have firmly pointed their guns at crypto,” Palihapitiya said on an episode of the All-In podcast, which he co-hosts, released on Saturday.

The investor said that while crypto companies “were probably the ones that were the most threatening to the establishment,” the sector also pushed “the boundaries more than any other sector of the startup economy.”

The crypto industry is accusing the Securities and Exchange Commission and its chair Gary Gensler of “regulation by enforcement,” or pursuing lawsuits against cryptocurrency companies rather than setting a clear regulatory framework.

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