Gasparino says that many former SEC officials and securities attorneys believe that the government wants to “shut down” most cryptocurrencies in the wake of the FTX meltdown.
Industry experts are preparing for the worst case scenario to protect their customers and goods from strange SEC measures, despite increasing criticism.
Charles Gasparino claims that the SEC’s renewed interest in crypto is fueled by FTX. Gasparino believes the government wants to “shut down” most cryptocurrencies in the wake of the FTX meltdown. Charles Gasparino is Senior Correspondent and Fox Business Network Correspondent. He shared his thoughts about the current US Securities and Exchange Commission (SEC) attitude to the crypto environment. The SEC’s role as a facilitator in the FTX’s fraud that was not detected by the SEC is still causing outrage among the community. This led to the exchange’s final bankruptcy. It is not clear if the government is using the current assault on cryptocurrency to satisfy public opinion. Gasparino revealed that a number Wells Announcements were issued with a purpose to sue. The regulator’s forward-thinking approach was displayed when it fined Kraken exchange $30 million for offering staking service to its users. Paxos (the issuer of stablecoin Binance USD) was the latest victim of the regulator’s harsh actions. The regulator took another harsh action against Paxos, the issuer of the stablecoin Binance USD (BUSD). Brian Armstrong, Coinbase CEO, holds a similar view. He stated that they are prepared to go to court if necessary. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuChubbiCoincu NewsTags: # CryptocurrenciescryptomarketSECSecurities and Exchange Commission