{"id":50350,"date":"2021-09-29T10:05:56","date_gmt":"2021-09-29T07:05:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50350"},"modified":"2025-09-02T17:34:55","modified_gmt":"2025-09-02T14:34:55","slug":"elon-musk-urges-us-authorities-to-refrain-from-regulating-the-crypto-industry","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/elon-musk-urges-us-authorities-to-refrain-from-regulating-the-crypto-industry\/","title":{"rendered":"Elon Musk urges US authorities to refrain from regulating the crypto industry"},"content":{"rendered":"<p>The US government should stay out of regulating the cryptocurrency market. This view was expressed by Elon Musk at the Code Conference in California, writes <a href=\\\"https:\/\/www.cnbc.com\/2021\/09\/28\/tesla-ceo-elon-musk-says-us-government-should-avoid-regulating-crypto.html\\\">CNBC<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cI think it&#8217;s impossible to destroy cryptocurrency, but governments can slow its advance,\u201d said the billionaire.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>In his view, digital assets have potential relative to traditional finance. But cryptocurrencies are not a panacea for all of society&#8217;s problems, added the head of Tesla.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cI wouldn&#8217;t call myself a big expert on cryptocurrencies. I think they have some value, but this is not the Second Coming of Christ,\u201d emphasised Musk.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>He also linked the <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-slips-below-42000-as-china-tightens-crypto-trading-regulation\">repression of China<\/a> against the crypto industry with \u201csignificant problems in electricity generation.\u201d<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cPower supply problems are emerging in the south because demand outstrips expectations. Crypto mining could have been a non-trivial factor in this,\u201d the entrepreneur explained.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>Musk suggested that digital assets are inherently oriented toward reducing the powers of centralized government, which runs counter to the views of the ruling Chinese Communist Party.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, in August, the Tesla head <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-joins-criticism-of-the-expanded-us-cryptocurrency-tax-plan\">joined the criticism of the plan<\/a> for expanded taxation of cryptocurrencies in the United States.<\/p>\n<p>\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US government should stay out of regulating the cryptocurrency market. This view was expressed by Elon Musk at the Code Conference in California, writes CNBC.<\/p>\n","protected":false},"author":1,"featured_media":50351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[133,1217,36,26],"class_list":["post-50350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-china","tag-elon-musk","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=50350"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50350\/revisions"}],"predecessor-version":[{"id":50352,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50350\/revisions\/50352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50351"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}