Crypto Users Fear Government Control
Users express concern over increasing government regulation and potential control over cryptocurrencies. They fear restrictions on usage, mandatory reporting, and the erosion of Bitcoin's original purpose of resisting centralized power. This impacts the ability to freely transact and maintain financial autonomy.
SOURCES (60)
“Main provisions kick in September 1. Four years of fighting between the Finance Ministry (wanted crypto legal) and the Central Bank (wanted it banned) ended with a compromise that looks like legalisation but functions more like bringing crypto inside the state's fence. So crypto is now legally recognised as property under the Russian civil code. That means judicial protection in courts, bankruptcy cases, and divorce proceedings. The interesting part is that the holders who never declared the”
“I was being a bit sarcastic but technically you got have it on a paper wallet and under your mattress”
“Self-custody offers sovereignty, but it also shifts all responsibility onto the individual. And for many people, that tradeoff simply isn't worth the risk compared to using a reputable regulated exchange.”
“No the point I’m making is that there is no good reason to own bitcoin. 1) you can hold it as intended for an exchange of goods/services without government intervention/regulation, which exposes you to a real risk of absolute ruin, or 2) you can hold it in an ETF wrapper and gain all the benefits of tradfi but give up the entire fundamental reason for bitcoin existing. If bitcoin solves a problem for you great. If you hold it just bc “number go up” then tough shit dog speculation often doesn’t p”
“Try to send some money, the amount of stress that comes with it is ridiculous. I don’t believe at all crypto is going to replace “money”. To me it’s an extremely over-valued asset where 99% of the users don’t know how it works nor the dangers nor the problems nor the actual benefit. It should be used only for securing legitimacy of files, nothing more. Our bank problem isn’t solved by crypto. It solved by adjusting laws to avoid greedy bank people abusing their position.”
“Someone holding Bitcoin for people does not compromise the network 🤣 BTC the asset holds 0 network authority.”
“Yes. Your average person is not competent enough to be his own bank. I sold all of mine a long time ago. Even if you did the right thing and got a Cold Card, you still lost.”
“I recently made a satirical post in another subreddit about the amount of security supposedly required to store Bitcoin safely. The satire deliberately exaggerated the point, but I would like to discuss the underlying concern seriously here. As a full disclosure, I am very skeptical of cryptocurrencies in general, but I find it interesting to follow. My concern is not that the Bitcoin protocol itself is easy to hack.With self-custody, possession of the private key effectively determines control”
“Been thinking about this after writing about regulation earlier today. Curious if this resonates with anyone else here or if I'm just in my own bubble on this. submitted by /u/plurarsi [link] [comments]”
“Been in crypto payments for a while, and the pace of regulation in the last year or two has been intense. MiCA in the EU, tighter AML requirements almost everywhere, more KYC providers plugged into everything, travel rule enforcement actually happening now instead of just being a theoretical requirement. On one hand I get it, some of this genuinely protects people from scams and makes the space more legitimate. That part is fair. But there's another side to it that's harder to sit with.”
“I run a newsletter on Bitcoin regulation (~1.1k subs), and this past month I tested a lead magnet: an interactive 3D map of how 140 countries legally treat Bitcoin. The idea was that the map is the opt-in, instead of a boring "enter your email" box. The mistake, in case it saves someone here the month: I gated the whole thing. You couldn't see anything, not even the map, without handing over your email first. I took it to a few subreddits. On the maker-heavy ones it died. Same patt”
Yeah, probably like one of those pretty little bonsai trees
“I’m not a US citizen so watching all the political shenanigans around the Clarity Act is quite entertaining. For me, the irony is the argument that in order to lead the world in crypto the USA needs this regulatory “clarity” but if the USA didn’t already dominate the market then nobody would pay any attention to it.”
“Between now and the next bitcoin halving in 2028 the crypto market cap will be higher, with or without clarity act.”
“Fiat is imposed by law. It's demand is artificial comed from imposition, a good currency does not require to be imposed through coercion. Bitcoin and Monero are used in black market, together Bitcoin and Monero payments are more transactions than many fiat currencies on earth.”
“overall I'd agree here about banks, blockchain and stablecoins definitely win this one, although in my country banks actually work pretty well and the service is +/- decent, especially compared to Europe and the US”
“Right. That’s why Monero is delisted from every major exchange in pretty much every country in the world. Right, because banks want to stand up for their customers rights. /sarcasm”
“You underestimate how outdated systems are for banking and banks in general. Banks are just glorified middlemen profiting off the arbitrage between rates and what they offer customers. Even with a pivot to stablecoins and efficiency in processing, banks aren’t know for innovation, more so profiting off the money of others.”
“overall, privacy is certainly important, but it seems to me that if banks really wanted it, they could have already built privacy into their own systems...although maybe I'm missing something, and perhaps they simply can't achieve that in their own systems the way they can with public blockchains”
“OK just a tinfoil hat moment that I appear to be having here . What if , and I know this is a HUGE if, this drama with the Clarity Act passing or not passing is all a trick to get retail investors out of the market, just so institutions can buy in cheaper and see larger profit margins? If it gets passed im convicted that this was all a huge song and dance to screw over the little guy. If it doesn't get passed I'm probably stuck holding what I have until after the next election. This is t”
“crypto card that makes you sell your coins for a database balance isn't a crypto card it's a gift card with extra steps”
“Setting aside the politics, the CLARITY Act's core contribution to DeFi is establishing a workable commodity/security distinction for digital assets. Right now DeFi protocols operate under threat of SEC enforcement because there's genuine ambiguity about whether governance tokens constitute unregistered securities. No clear answer = protocols can't operate openly in the US or serve US users without legal risk. What clarity would actually unlock: US-based institutional market makers w”
“President Trump has reiterated that the U.S. intends to stay ahead in crypto and AI . The bigger story is the continued push for market structure legislation like the CLARITY Act , which seeks to establish clearer rules for digital assets and provide long-term certainty for builders and institutions. Momentum is clearly building, with major financial players such as BlackRock and Franklin Templeton supporting greater regulatory clarity. However, the legislation still faces Senate negotiations ov”
“They aren’t driving policy this benefits institutional money so firms can act and supply money……Trump isn’t leading anything he is just signing - Federal law here makes America economically safe for crypto and banks/ exchanges can provide more security and options for retail investors………if we are lazy here we will only follow another countries footsteps who were more focused on the future. Clarity isn’t perfect but it leads to stability the mechanics of moving money rest solely with crypto.”
“Personally I think ethics being pulled into the Clarity act is stupid. It's clearly a problem that needs to be solved with normal trading as well as Crypto. It should be a bill on it's own. I feel like this is just the Dems trying to stop the bill.”
“if states had enforcement power (one of the main democrat sticking points) then yes, he could be forced to follow the rules by individual states within that state. You don't need his cooperation or agreement to just--within your own state--make exchanges and vendors etc unable to list that token. That's state police interacting with companies, Trump or whoever the original scammer is is affected but not directly needed to enforce.”
“Yes, if it was written how the dems want it to be, then it would give state attorneys general power to enforce as well as the feds. So the states could just shut down exchanges and trading of relevant tokens etc. in their states without needing his permission or involvement. It wouldn't 100% solve the whole scam, but it would allow states who care to protect their own people. While those who are pro-scam can continue to allow their residents to get scammed if they wish.”
“Democrats oppose it because it doesn't include any state enforcement power (thus the feds can just selectively apply it to enemies and not friends. State attorneys general would prevent this) And because it doesn't provide for any conflicts of interest beyond the exact people stated, so friends can simply do trading instead and then gift money to these people for example. Making it totally useless as is. it doesn't prevent Trump, or anyone, from profiteering.”
“doesn't it make sense to have both options (banks with stricter regulatory rules and BTC ATMs with little to no regulation)? i don't think every transaction a person makes should have to be KYC”
“I hope I’m wrong but I have a bad feeling that the clarity act won’t pass. Between Pocahontas and Trump disclosing he rugged pulled billions in crypto while everyone else sees red and we are left holding our d*** If it doesn’t pass what’s going to happen to the market? submitted by /u/Double-Donkey-8858 [link] [comments]”
“The problem with imposing ethics is that, in the future, they might change their views or mark other political problems as verboten.No serious business or open source project can be built or such shifting sands.”
“Thinking that pegged centralised currency will just exist and biggest government in the world will simply let it slide is madness.”
so there'll be an involuntary coin burn in monero? interesting.
“Two headlines from the same week say more about crypto's actual decentralization than another TPS chart ever will. US authorities reportedly froze about $475 million in USDT linked to Iran by using Tether's blacklist controls. A few days later, France ordered internet providers to block access to Polymarket before a World Cup match. These are very different cases. One is about a dollar issuer and sanctions. The other is about a regulator and access to a public website. But both expose th”
“Trading individual assets should be illegal for everyone across all government positions. No normal voters against this. Lawmakers are or this would have been solved ages ago. They don't actually want to be restricted on any asset. A bluff. A political game. Want ethics rules for government employees? Purpose and pass ethics rules for all individual assets. Don't use as the excuse to why you can't pass stable coin clarity. No one serious is buying this. The "no" votes are b”
“Who cares? Doesnt solve any of the problems bitcoin set out to solve in the first place. Bitcoin is dead because people refuse to use it as a currency and instead use it to speculate. If we accept that they tax this as an asset, we lose.”
“It feels like every other crypto news story on the internet is about the CLARITY Act right now. Some people are acting like it's guaranteed to pass, while others think it's all hype. Do you actually think it gets approved in 2026? And if it does, how much does it really change for crypto? submitted by /u/vikalp2502 [link] [comments]”
“One of the biggest selling points of crypto is self-custody, you control your assets, not a bank or another company. But in practice, self-custody often comes with a bit more responsibility. You have to think about wallet security, backups, signing transactions, managing different networks, and generally being more hands-on. On the other hand, custodial solutions are usually simpler. You log in, make a payment, and don't think much about what's happening behind the scenes. For me, I don&”
“It's just going to he taxation for everyone but politicians and the rich. It's the Republican and Democratic way.”
“Policies forcing public entities to use public blockchains to provide full transparency of spending habits. Imagine government spending fully on blockchain for everyone to see.”
“The risk of stable coins is always there, pursue decentralisation at all costs. Cryptocurrency is a powerful political and economic tool, we have to ensure we get the right mix to avoid government intervention.”