Regardless of the unprecedented regulatory strain crypto has been dealing with in the USA of late, the battle between the American authorities and the crypto trade has solely simply begun, believes ShapeShift CEO Erik Voorhees.

In line with the entrepreneur, US authorities nonetheless don’t see crypto as an existential risk to the fiat system, and their latest motion is simply an opportunistic response to the explosion of rogue crypto firms during the last 12 months.

“They see it as a type of fraudulent area the place they will are available in and appear like the hero cleansing up a large number,” Voorhees stated in an unique interview with Cointelegraph.

In line with Voorhees, crypto must go mainstream earlier than governments totally crack down on it. At that time, “it is going to be too late for presidency actors” to take motion towards crypto, as too many individuals will pay attention to its value and usefulness.

Voorhees has little doubt that crypto will finally win the battle for individuals’s hearts and minds, partially as a result of it’s free from the restrictions on capital circulate that exist in conventional financial programs.

“Capital flows the place friction is lowest […]. Within the crypto world, capital strikes freely, it strikes effortlessly,” he careworn.

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