The domestic authorities have taken action against the cryptocurrency sector again. Although this was anticipated, it still makes people feel uneasy when it actually happens.

Here's a scoop for everyone: now local governments across the country are adopting some crazy measures to resolve debts.

Take Wuhan as an example; they suddenly rolled out three policies,

to leverage state-owned enterprises, list them on the A-share market, and funnel state-owned enterprise resources into the financial sector.

Why do they want to do this? To put it simply, it's about getting those assets that can't generate profits listed. Only by going public can they possibly accomplish the task of debt resolution. How to do this? It's quite simple: after going public, let the shareholders bear the costs together as the scapegoats.

This is akin to how Trump pulled the cryptocurrency sector into the fray, making it take the blame.

Either support the cryptocurrency sector and ultimately make it pay the bill, or strike against it and still make it bear the costs. #美联储降息 #BTC #zec