SEC’s Schrodinger cat Bitcoin XRP crypto
The US are now openly at war with Cryptos, and SEC Chairperson Gary Gensler is the general in charge. The US knows that cryptos are a direct threat to their own CBDC which is nothing more but a digital representation of the existing fiat dollar carrying its same infinite debt and debasement capability, and will do whatever they can to remove these threats.
The SEC’s only argument is that several cryptos traded on these exchanges were securities and that these exchanges were not properly registered….
Thus the pattern is clear for the US… whereas other countries have decided to establish clear laws to properly regulate cryptos , Switzerland, Japan, and even China which just reversed course on the topic, as they don’t want to miss out on the innovation. Another interesting note is that besides an initial hic-hup on the day the SEC announced it sued Binance, then Coinbase two days later, Bitcoin has been relatively unmoved, whereas secondary coins were more badly hurt and haven’t yet recovered.
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