Elon Musk said he thinks US authorities should stand away from regulating cryptocurrencies, as their intervention could hold back growth. New York Times columnist Kara Swisher asked Musk what the US government should do about regulating the industry. "I would say, do nothing," he said, adding, "Just let it fly." The Tesla CEO also spoke about China declaring crypto-related transactions illegal and its crackdown on crypto mining. He suggested the latest ban was a result of the Communist Party's concern that digital assets threaten its grip as well as the energy crisis in China.

#ElonMusk #Crypto #Tesla
~Elon Musk Says "Do Nothing" on Crypto Regulation~
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