Date: 2023-04-29T17:54:45Z Creator: Bitfolio Academy
“Crypto is dead in the US!” declares a prominent hedge fund mogul. But, the two largest exchanges, Binance and Coinbase, are standing their ground and refusing to capitulate to the heat the SEC and CFTC are turning up. Recently, the CFTC has issued charges against Binance, and the SEC has gone after Coinbase. But, both exchanges are fighting back – Coinbase filed a lawsuit against the SEC, and yesterday, Coinbase sent a public letter in a bid to sway public opinion and avoid a long legal battle.
It’s clear that the fight against crypto is an attempt to maintain the status quo and favor traditional finance. Wall Street has the regulators in their corner advocating for their interests, but the brave exchanges of Binance and Coinbase are not backing down – they are determined to protect crypto and its users from the oppressive forces of the status quo.
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