'Crypto is dead in America,' says longtime bitcoin bull Chamath Palihapitiya

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'Crypto is dead in America,' says longtime bitcoin bull Chamath Palihapitiya
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Tech investor Chamath Palihapitiya, who previously claimed bitcoin has replaced gold and would eventually get to $200,000, now says 'crypto is dead in America.'

it would wind down U.S. operations specifically due to "continued regulatory uncertainty."

over the agency's crackdown on cryptocurrency platforms during four hours of Congressional testimony last week. McHenry said the SEC's approach was "driving innovation overseas and endangering American competitiveness.""We have a clear regulatory framework built up over 90 years," he said, adding that the exchanges "are "noncompliant generally, and they need to come into compliance."

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