US waging war on cryptocurrencies, says OpenAI CEO

70
1
US waging war on cryptocurrencies, says OpenAI CEO

The US is waging a war against cryptocurrencies and want to control Bitcoin, said Sam Altman, the chief executive of ChatGPT developer OpenAI.

m disappointed that the US government has done recently, but the war on crypto - which I think is a, like, we can't give this up, like, we're going to control this and all that - that's the thing that makes me quite sad about the country, Altman said.

Binance, the world's biggest cryptocurrency trading platform, has been accused of mishandling customer funds, artificially inflating trading volumes, and taking steps to evade US regulations. The market watchdog subsequently charged Coinbase, the nation's largest cryptocurrency trading platform, with operating as an unregistered national securities exchange, broker, and clearing agency.

This move has come as a part of a broader crackdown on the digital asset industry, which was led by the collapse of the Bahamas-based crypto exchange FTX last year. FTX was exposed as a Ponzi scheme, used to siphon investor funds into the pockets of executives and politicians.

'I'm very worried about how far the surveillance state could go here, Altman said, referring to government control over money and adding he's'super against' central bank digital currencies.

The idea of creating a virtual dollar CBDC is being explored by American policymakers, but Federal Reserve Chairman Jerome Powell said earlier this year that the project could still take years to implement.