A Significant Fraction Of The Top 20 Cryptos Are Securities?!?! 😬🤢🤮
With most major exchanges that were fiat on and off ramps in the United States being attacked by the SEC it leaves us with a situation where a significant fraction of the top 20 coins have been deemed securities by the SEC. This will be a multi year battle with various exchanges, projects, and going after individuals. It will also cause a lot more projects to just block us customers in general.
It makes it very awkward because everyone is walking around on egg shells and at the end of the day it is a full on attack on crypto. There are probably a lot of projects that have been attacked that we don't even know have been contacted by the SEC. This just drives a lot of innovation out of the United States.
#crypto #bitcoin #ethereum #sec #coinbase #binance
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