OpenAI CEO Sam Altman has expressed concerns about the U.S. government’s regulatory approach to cryptocurrencies, particularly its impact on major assets like Bitcoin.
During a recent episode of the Joe Rogan podcast, Altman criticized the U.S. government’s stance on crypto and its attempts to exert control. He emphasized that the crypto community needs to remain committed to defending its interests.
US Anti-crypto Approach
Nevertheless, Altman maintained a positive outlook on Bitcoin, describing it as a logical and vital global cryptocurrency operating outside any government’s control. Joe Rogan echoed this sentiment, suggesting that Bitcoin could evolve into a universally accepted currency.
The U.S. government has recently intensified its scrutiny of the crypto industry, with regulators like the SEC and CFTC filing lawsuits against top crypto firms like Binance and Coinbase.
The delays in approving spot crypto exchange-traded funds (ETFs) have further strained the industry’s relationship with regulators.
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These actions, Altman noted, could pose dangers for the industry. The crypto entrepreneur said:
“I’m disappointed that the U.S. government has done recently, but the war on crypto, which I think is a, like, we can’t give this up, we’re going to control [crypto] makes me quite sad about the country.”
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Author: Oluwapelumi Adejumo
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