08/06/2023
The wildy out-of-line SEC announced they are suing Binance and Coinbase. They have filed a motion against Binance.us to freeze assets on the exchange. I would highly recommend removing all your assets from exchanges right now, especially Coinbase and Binance. The crypto industry as a whole needs to band together and demand innovative, productive, forward-thinking regulations and clarity.
Gary Gensler, head of the SEC, may be a patsy for a larger agenda here, but it looks like the strategy is to eliminate access to all other cryptocurrency competition so they can force American's into an upcoming central bank digital currency.
The remarks come as the commission has taken aggressive action against some of the leading exchanges where bitcoin and its peers are traded.
