While the lawsuit filed by the crypto industry SEC against Binance and Coinbase is discussed, the possible consequences of these lawsuits are being evaluated.
In this context, former SEC lawyer John Reed Stark warned investors in his post by stating that the SEC has just started.
Stating that investors should steer clear of crypto companies, Strak said that crypto platforms are definitely under US regulatory sanctions siege.
The former SEC attorney said in his post:
“I warn crypto investors, get out of crypto platforms right away, I can't be more specific.
Having worked as a lawyer for nearly 20 years with the SEC, I believe we now know for sure that crypto trading platforms are under US regulatory sanctions siege.
This siege has only just begun.
Note that I am outspoken and an SEC critic. Also, I don't have any cryptocurrencies. I am 100% objective, independent and unbiased.
However, my view is that the SEC is on point in its enforcement efforts regarding the cryptocurrency industry.
Whatever crypto platforms promise, they are bound to be high risk, dangerous and inherently insecure.
For customers of most so-called crypto exchanges and platforms, there is not only a gap in customer protections, but a gap as well.
…"
The former SEC attorney recently stated that the SEC-mandated SEC registration on crypto platforms has the effect of shielding investors from individual risks and capital markets from global systemic risks.
Get out of crypto platforms now, I can't say it any plainer. Having worked as an attorney in the SEC Enforcement Division for almost 20 years (including 11 years as Chief of the SEC Office of Internet Enforcement), I believe that we now know for certain that crypto trading…
— John Reed Stark (@JohnReedStark) June 8, 2023
*Not investment advice.
Wenn ich das schon immer höre, er warnt und er meint es ja sooo ehrlich! Exit Crypto….ja wenn man diesem Geschwätz glauben schenken würde, dann würde es schon keinen Bitcoin mehr geben! Wie oft dieser schon totgesagt wurde vermag ich schon garnicht mehr zählen, aber wie heißt es so treffend: Totgesagte leben länger…!
Was schon auffällig ist, dass die SEC versucht Unruhe und Angst in den Markt zu bringen, indem sie Kryptobörsen mit immer skurrileren Anschuldigungen überziehen. Was will man damit erreichen, dass es dadurch riesige Gewinne gibt, wenn die Anleger aus Angst aus dem Markt gehen und dadurch die Preise in den Keller gehen?
Vielleicht will man sich hier aber auch langsam auf den digitalen Dollar (Central Bank Digital Currency, CBDC) fokussieren und die Kryptolandschaft ausdünnen. Böse Zungen munkeln, dass die Banken ihre Vorherrschaft wiedererlangen wollen, man soll Kryptowährungen nur noch über reguläre Banken kaufen und verkaufen können und nicht über “unsichere” Börsen. Dann hätten die Banken ihre Macht und ihren Markteinfluss zurück, denn das ist z.Z. ihre größte Sorge!