Date: 2023-06-06T15:29:39Z Creator: Bitfolio Academy
The crypto market has taken a 5% hit since the beginning of the week due to the destructive actions of the SEC. After their enforcement action against the world’s largest crypto exchange, Binance, the BNB coin has subsequently dropped 10%.
Gary Gensler and the SEC are doing their utmost to reduce, weaken, and destroy the crypto industry with no regards to the hundreds of thousands of people that are able to grow their wealth with digital assets. He believes that people must stick to Wall Street stocks and exchanges, declaring any alternative investments ‘illegal and a risk to the status quo’.
Today, Coinbase, the largest US crypto exchange, found itself in the SEC’s crosshairs. The filing of a lawsuit from the SEC claims that Coinbase is operating an unlawful exchange and selling illegal securities.
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