SEC Chief May be Gunning for Crypto Exchanges and Altcoins
Following the testimony by the US SEC chief Gary Gensler, the Cryptoverse is arguing that the regulator could be set out to close the curtain on crypto exchanges, unless they register with them – except possibly those who offer only bitcoin and ethereum.
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Top altcoins could die because of the SEC (Immediate Action Required!)
Hashoshi addresses the recent SEC action against Binance, Coinbase, and the major altcoins it listed as securities in these actions. Here is a list of tokens currently named securities: https://beincrypto.com/full-list-cryptos-securities-sec-lawsuit-binance-coinbase/
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SEC Chief May be Gunning for Crypto Exchanges and Altcoins but Market is on mood
Following the publishing of the testimony by the American Securities and Exchange Commission (SEC) chief Gary Gensler, the Cryptoverse is arguing that the regulator could be set out to close the curtain on (nearly) all crypto exchanges unless they register with them – except possibly those who offer bitcoin (BTC) and ethereum (ETH) exclusively.
Gensler appeared before the US Senate Committee on Banking, Housing, and Urban Affairs today, ahead of which his testimony has been made available to the public.
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The SEC Goes After Crypto Exchanges – Why People are Angry
The SEC announced that it is suing both Binance and Coinbase this week. The implications could be massive for the crypto industry. In today’s video, I explain what this means for the area, and why people are upset about the lawsuits.
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Richard does not have a position in Coinbase or any mentioned stocks.
This channel is for education purposes only and does not constitute financial advice – Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).