π¨ WAR on StableCoins :
- First Staking
- Then Paxos' #BUSD
Stablecoins might be categorized as securities if they provide staking and some other services to US Customers.
So there is possibility of SEC's next target are other stablecoins like #USDC, #USDT and #GUSD.
War going on unregulated stablecoins/securities. Banning these might help SEC to regulate industry via USD.
Also #Binance CEO said: Crypto industry will probably move to non-dollar stablecoins.
If #SEC attacks other stablecoins then find an another place to park money. (Probably Bitcoin will pump hard initially as ultimate safe heaven)
- First Staking
- Then Paxos' #BUSD
Stablecoins might be categorized as securities if they provide staking and some other services to US Customers.
So there is possibility of SEC's next target are other stablecoins like #USDC, #USDT and #GUSD.
War going on unregulated stablecoins/securities. Banning these might help SEC to regulate industry via USD.
Also #Binance CEO said: Crypto industry will probably move to non-dollar stablecoins.
If #SEC attacks other stablecoins then find an another place to park money. (Probably Bitcoin will pump hard initially as ultimate safe heaven)
Before the #SEC sued #Binance news reported, @FBGCapital withdrew 35M $USDT from #Binance and 9M $USDT from #OKX.
After the #SEC sued #Binance news reported, @FBGCapital deposited all 44M $USDT to #Binance.
@cz_binance
After the #SEC sued #Binance news reported, @FBGCapital deposited all 44M $USDT to #Binance.
@cz_binance
SEC strikes again! π² Binance.US faces a lawsuit as investors'$2.2B funds allegedly at risk. Is it protection or hindrance of crypto growth?π°π #SEC #Binance $BNB
π₯NEWSπ₯
β This is what the Crypto market looks like on the first Monday of July. #Bitcoin remains at $30,600 and most #altcoins are green.
We are all waiting for the #SEC to rule favorably on applications from investment firms that want to incorporate the #btc into their ETFs.
If you add to this not that our friend Gary Gensler resigns from his position at the SEC. we could have a slight rise in the market πππ
#bullish
β This is what the Crypto market looks like on the first Monday of July. #Bitcoin remains at $30,600 and most #altcoins are green.
We are all waiting for the #SEC to rule favorably on applications from investment firms that want to incorporate the #btc into their ETFs.
If you add to this not that our friend Gary Gensler resigns from his position at the SEC. we could have a slight rise in the market πππ
#bullish