Reply To: Crypto Thread

  • BlackFitSenior

    June 27, 2022 at 10:25 pm


    The SEC has stepped in at once to deny the average citizen any cryptocurrency investment/interest opportunities. For instance, BlockFi in New Jersey. It offered its patrons up to 8% annual COMPOUNDED interest on crypto placed in their accounts. The SEC sanctioned them because this act directly competes with traditional banks.

    The SEC immediately stopped BlockFi from allowing deposits into interest-bearing accounts–UNLESS the account holders is an “accredited investor”.

    Right now, the cryptocurrency industry is still very young and there remain opportunities for the average person but it’s the intent of the US government to systematically block them until US citizens are denied all opportunities by default.