Cryptocurrency

BREAKING: The SEC Is Coming After Crypto (Binance & ETF Update)



BREAKING: The SEC Is Coming After Crypto (Binance & ETF Update)
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SOURCES:
https://www.coindesk.com/policy/2023/11/21/binance-to-make-complete-exit-from-us-pay-billions-to-fincen-ofac-on-top-of-doj-settlement/
https://www.axios.com/2023/11/21/binance-cz-step-down-settlement-doj
https://www.cnn.com/2023/11/21/investing/what-is-binance-and-why-is-it-in-trouble/index.html

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39 Comments

  1. Straight extortion. Sad you spend your life building an empire and the government threatens you with prison to steal it.
    What happened to sbf and Caroline who robbed its customers 🤔

  2. Look. Its simple. Most, if not all the etf's named coinbase as the exchange they will use. The top shareholders of coinbase include Vanguard, Blackrock, Fidelity, Arc, etc. The latter are the very same that are applying for the etf's. Gensler, yes that Gensler of the SEC, has a net worth of some $40-120 million, of which, at least half of that is by virtue of Vanguard.

    The big boys want all those sweet sweet transaction fees all to themselves. Not Binance. Not CZ. Not Kraken. Not anybody, but Blackrock, Vanguard, Fidelity, Arc, etc. They missed out last bull run. They sure as hell wont miss out this time, nor ever again.

  3. I thought crypto is a currency outside the centralized big banks? So why did the people let big banks get it? This is not what I expected when the Bitcoin white papers were published

  4. Gosh!!! i stopped by for the 'magic' but stayed for the Crypto – though my brain is FULL – I always thank you for the time and research you put into these lessons Andre 😍🤩 I'll just keep RE-playing until I eventually get it! tyfs

  5. Manipulation is what only whales can do, they are the only ones who do it, we little ones just go along with what they do.. that's why they say they just make it up. for the situation to favor coinbase..

  6. Crypto will eventually be 100% ran by the government. They are the only ones allowed to be corrupt and manipulate markets. They want full control and if you think they have customers or traders in mind your insane. Bitcoin will end up not being what it was created to be. Just another tool for the government to spy into your business and lives.

  7. Just for Context, JP Morgan was fined 75 MILLION… as a fine for its ties to Epstein… NOT BILLIONS OR JAIL TIME. I'm not a Binance fan and I've never had an account. Just disgusted and tired of the selective outrage and contempt.

  8. so what reason will the SEC give for rejecting Ark on 10th Jan? That they found issues in Binance ? I can understand the eth etf being delayed but there is no legitimate reason they can give for delaying btc etf. Pretty much everyone disagrees with you here.

  9. This whole alphabet agencies are hypocrites. They have been manipulating the comex for decades and have done nothing but turned a blind eye. These people should been tried for treason. Shame on them. They are so corrupt.

  10. Banks insiders sell their own shares when they know things are unfolding.. US gov bailed them, no one goes to jail. Banks also use customers money at leverage.. thx to fractional reserve banking.. but using customers money is illegal in crypto? Yes this aspect should be regulated..but through enforcement? This blatant discrimination against new tech is a desperation by US with their banks trying to prevent innovation that could liberate financial market and prevent monopoly by US hegemon

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