Crypto enthusiast James Murphy, aka MetaLawMan, recalls the U.S. government's alleged plan to "asphyxiate" the crypto industry in a recent post. He highlights the severe downturn in the crypto market in March 2023, triggered by a government crackdown. MetaLawMan chronicles the systematic actions taken by the government, including the closure of Silvergate Bank and the shutdown of Silicon Valley and Signature Bank. The government highlights threats associated with crypto in the Economic Report and issues warnings about the market operating illegally. Despite the challenges, leading cryptocurrencies like Bitcoin, XRP, and Ethereum remain relatively stable. MetaLawMan asserts that the government will continue to target the crypto industry and urges the community to stay strong and fight for its survival. This article provides a historical perspective but does not offer financial advice.



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