The SEC Repression Continues

Originally Posted On Publish0x

 

1

 

These last few weeks have been some of the most turbulent for the cryptocurrency market, especially for the so-called altcoins or alternative currencies to bitcoin. The reason is the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Coinbase, the second largest cryptoasset exchange platform in the world and the main publicly traded one.

According to the SEC, Coinbase operates as an exchange, broker and clearing agency without having registered any of those functions with the regulator, in violation of federal securities laws and a risk to investors. In addition, the SEC accuses Coinbase of offering staking services without complying with disclosure and reporting requirements.

 

This lawsuit has led to a sharp drop in Coinbase's stock price, which lost more than 16% in a single day. It also negatively affected the value of many altcoins traded on the platform, such as cardano, solana, polkadot or uniswap, which registered losses of more than 10%.

 

However, bitcoin and ether, the two most important cryptocurrencies with the largest market capitalization, have remained relatively stable (and I said: "...relatively stable..."). Bitcoin has oscillated between $25,000 and $28,000 (little more, little less), while ether moved between approximately $1,700 and $2,000. Both currencies showed greater resilience in the face of regulatory pressure and market uncertainty.

 

9faa09233f88ed27a8c2326d34053b639f432fae72c89de0f4591ea651fe2c73.png 5853734349ef60256c28f8dc915de65b217b100a52c8bdff921982a6a6a718d7.png

 

What is the reason for this difference in behavior between bitcoin and ether on the one hand and altcoins on the other? There are several possible explanations. One is that bitcoin and ether have greater liquidity and wider adoption than altcoins, which gives them greater solvency and security. Another is that they have greater decentralization and less dependence on centralized platforms such as Coinbase, making them less vulnerable to legal or regulatory action.

 

In addition, bitcoin and ether are more mature and innovative than altcoins, allowing them to offer better solutions to current problems in the industry. For example, bitcoin is implementing improvements such as Taproot or Lightning Network to increase its privacy, scalability and speed. Ether, on the other hand, is undergoing a transition process that will reduce its energy consumption and increase its capacity. However, the cryptocurrency market continues to be very volatile and changing, and any event can alter its balance. The important thing is to keep an eye on developments and act prudently and intelligently.

 
👉💯💲🎁 All of the Tools, Platforms and Applications that are promoted in this article have referral programs with which you can earn passive earnings without investment, however, I recommend that you do your own research.

 

Velzon Trading Bot - Advanced trading bot created with artificial intelligence, percentage: 4.5% Daily (Only for investors who are knowledgeable about how these websites work, see article).

 

Bitrefill - Living with crypto, a philosophy of financial freedom. Travel, play, eat and live with BTC.

 

Bulb, Topixer, TipMeACoffee, SubstackZirkles, CashRain (1), CashRain (2), LaMint - Similar to Publish0x.

 

⚜ AddmeFastBscAds, Invitation (1), Invitation (2) - Increase your traffic sources, your social media presence and earn cryptocurrencies.

 

⚜ CoinInn - Trading - Bonus between $500 and $750, non-withdrawable. Profits withdrawable to the portfolio of your choice (Need to complete KYC to extract).

 

⚜ StormGain - Trading - They can start without investment, capital is acquired with the Bitcoin Cloud Miner. The capital obtained in mining is not withdrawable, only to operate on the platform, profits withdrawable to the portfolio of your choice.

 

⚜ QuantFury (JRRU2593) - Trading - Bonus in cryptocurrencies or company stock worth up to $250.

 

⚜ KuCoin,  BingXPrimeXBTCoinEX,  MoonXBTBiBoxBitYardZooMex - Trading - They offer different bonuses.

 

⚜ CoinMarketCapTradingView - Indispensable tool for traders.

 

⚜ NFTify Store - To create your own NFTs store, without investment, no codes. 

 

⚜ StormGain affiliate programWallet HandCash - Make money and/or cryptocurrencies with affiliate marketing.

 

⚜ Ledger,  BixBox02Ellipal TitanKeystone - Hardware Wallet.

 

Wallet HandCash, Wallet Guarda - Other wallets with affiliate marketing.

 

⚜ Books & Other Tools - Some things you may find interesting.

 

"You will ask yourself: And if I take a risk and lose...? I will ask you: AND IF YOU RISK AND WIN? Success begins with thought, because sooner or later the man who wins is the one who believes he can do it. Do not be afraid of mistakes or failure, winners are not afraid of losing, losers are, in most cases the risk comes from not knowing what you are doing, so trust yourself, learn, be patient, manage your emotions and above all, enjoy the journey, what the wise man does at the beginning, the fool does at the end" - Anonymous.
 
 |  🎁 Tips 🎁  |  💲 Products 💲 |

 

Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.

Enjoyed this article? Stay informed by joining our newsletter!

Comments
Nnanna Okorie - Jun 14, 2023, 9:49 AM - Add Reply

Good 👍

You must be logged in to post a comment.

You must be logged in to post a comment.

About Author