Whenever I have first started buying Crupto I have used the Crypto Exchange and it helps me to buy my first Crypto smoothly. Now the SEC questions that what is Crypto Exchange can offer to retail investors.
PC: Pixabay.com
The answer is simple, it offers to reduce the bridge between newbie buying their first Crypto. I know if you know little but you can use Decentralized exchange and but it. But the decentralized is not so mature yet, it does not offer vast varieties of options to the investors and thus having a good Crypto exchange is really good. I know none of the exchange is saint and we shpuldn't be keeping a lot money over there. But think as a newbie for them buying smoothly is the first choice to know how it all works.
The SEC has also sued Coinbase that it is acting as a unregistered broker. Now this is the serious allegations if it's true. Wherever you are doing a business, you should uphold the law of the land. But the question is can any company operate without upholding the law of land. There might be a lot of hidden truth which the common people doesn't know.
But one thing is clear that without the proper laws behind the crypto, these things will continue to happen. If the US government or SEC wants to tighten the law, who is holding then to create a law against it and ask all the crypto exchanges to follow it. Without the good laws and other things these things will continue to rise.
But with these the main issue is happening is that the crypto's overall market cap is going down. For me it looks like a strategy from the government to disallow people to invest in crypto. But whatever is the case, the case between the SEC vs Crypto Exchanges bright up a very good question of when will the government regulate the overall Crypto atmosphere. That is the need of the hour.
