Go West, Bitcoin! Unpacking the Great Hashrate Migration
All signals indicate the greatest shakeup in the geographic makeup of bitcoin mining since the start of the industrial mining era.
The regulatory body stressed the cryptocurrency market remains largely unregulated and consumer protections are needed.
"I would prioritize implementing pieces" of a new AML law around crypto, Treasury Department nominee Brian Nelson said.
Miners leaving China show the seriousness of new enforcement. But constrained trading and investment are more likely to really matter.