In this video, I discuss the significant news of the SEC charging Kraken for operating as an unregistered securities exchange broker and dealer, a development that has stirred concern among cryptocurrency holders. I delve into the broader context of the SEC’s ongoing conflict with the crypto industry, highlighting past cases against Binance, Coinbase, and Ripple. I emphasize the political aspects of these actions, suggesting that the SEC’s moves are strategic and politically motivated, particularly against the backdrop of broader issues in American politics. I also cover the implications for various altcoins, with a focus on ADA (Cardano) and its unique situation, including its ICO launch in Japan and its distinction from other cryptocurrencies.

    Furthermore, I touch upon the supportive stance of various figures and scholars in the crypto industry and the legal arguments that favor cryptocurrencies. The video aims to provide clarity and perspective on these legal battles, underscoring my belief that the law currently sides with the crypto industry, despite the uncertainty and challenges posed by the SEC’s actions. Finally, I encourage viewers to share their thoughts and subscribe for more updates on this evolving story.

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    0:00 Intro
    1:10 It’s all political
    2:25 Will America get this right?
    3:30 SEC mentions Cardano
    4:30 Crypto has law on its side
    5:00 Coinbase vs. SEC context

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    *The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.

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    27 Comments

    1. If all the people want to call President Trump of being racist although they can't point out specifically a time where he was. That's because DEMOCRATS started all the hate mongering for someone who just wanted to help his country. Now you have democratic hatred against the entire ecosystem forming baseless allegations. Just like Trump!

    2. Gary fudding again, so him and his buddies at the old boys club can grab some bargain priced coins.before the face melting bull market. I think it is important to remember that just a few years ago, Gaz was literally creaming in his pants when talking about crypto. Why the big U turn Gary? Get your palms greased?

    3. I think if we get a dip from this FUD I’m a scoop it up ASAP! 😂 the SEC is quickly loosing any credibility they had which will diminish their impact on the market.

    4. sec is trying to keep or even kill Cardano, Algorand & Solana.sec is doing the bidding of a select few.Didnt they say they were going to fire that lizard ass gary?Get rid of that corrupt lizard

    5. You see it doesn’t matter if it’s red or blue the entire government at the top levels is corrupt. Hard to fight a corrupt system. Especially when $$$$$$ is involved. They don’t like the competition

    6. I am not sure if it’s just me , but even after this came out today , cryptos aren’t droppingnowhere near as much as they did early this year and even before that .
      Maybe people are finally seeing through this bull and ADA is staying strong .
      Opinions ?

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