Convicted Crypto Wallet Developer Warns Miners Will Be Next in Bitcoin Crackdown

The article discusses the concerns raised by a convicted crypto wallet developer, who warns that bitcoin miners could be the next target in the government's crackdown on the cryptocurrency industry. The developer, who was convicted for his role in an illegal bitcoin exchange, believes that the government's focus will shift from initial coin offerings (ICOs) and crypto exchanges to bitcoin miners. He argues that miners, who are responsible for verifying and validating transactions on the blockchain, could face increased scrutiny and potential legal action. The article notes that the crypto community has been divided in its perception of the government's stance on cryptocurrencies. While some have welcomed the Trump administration's relatively friendly approach, others remain skeptical and believe that the government is still intent on regulating and potentially cracking down on the industry. The article emphasizes the ongoing tension between the crypto community and the government, highlighting the concerns raised by the convicted developer regarding the potential targeting of bitcoin miners in future regulatory efforts.