The strange attack on crypto continues. This video was made yesterday when it was mainly Binance and CZ that was the target but today they have also sued Coinbase. The same thing still applies and there will likely be a lot of lawsuits being rolled out to all these various exchanges and projects which will cost tax payers a lot of money with all the legal fees. They will try to settle with these companies for a cash settlement but it is unclear if every one of them fights the SEC like Ripple Labs has to where they are fighting on 30 different fronts and making themselves look more and more clownish the whole move might blow up in their faces. At the end of the day there is no real point to all this. It isn't to protect investors. It is about control and they will likely try to choke and funnel everyone to a few outlets and then try to roll out the CBDC but the majority of people will reject that notion and these blockchains can't really be stopped and they are worldwide. You can't really shut down the Internet completely at this point without totally knocking out the power grids but then people could charge equipment with solar panels and connect to Starlink or some other Satellite based access system. In my opinion this is a very bad move for regulators. They have been very unclear about all this and then they are attacking innovation.
#sec #bitcoin #ethereum #lawsuits #crypto
