Wall Street trying to take over the Crypto economy

[TheWolf666]

https://www.bangkokpost.com/business/news/1481525/sec-releases-crypto-details

There is a lot of investment in the Crypto and Wall Street depends on growth to continue to survive. It is clear that Wall Street want to eat this money one way or another.
From Singapore, to Thailand and also of course from the SEC in the USA who will officially support  'some' cryptocurencies as securities, we can see the fiat banking system moving in the way to take the control of these investments.

They will first legitimize some crypto (like XRP, made by them) and then make the rest illegal.
This way, they will get a % on each trade and tax the crypto economy.

Is this going to marginalize the coins that will not be chosen? How the crypto community of investors will react to these changes?

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[GangNamSK]

https://www.bangkokpost.com/business/news/1481525/sec-releases-crypto-details

There is a lot of investment in the Crypto and Wall Street depends on growth to continue to survive. It is clear that Wall Street want to eat this money one way or another.
From Singapore, to Thailand and also of course from the SEC in the USA who will officially support  'some' cryptocurencies as securities, we can see the fiat banking system moving in the way to take the control of these investments.

They will first legitimize some crypto (like XRP, made by them) and then make the rest illegal.
This way, they will get a % on each trade and tax the crypto economy.

Is this going to marginalize the coins that will not be chosen? How the crypto community of investors will react to these changes?

This adjustment will lead to many possible options for investors. That change may be looking at huge profits. And unfortunately they do not handle justice and civilization. It is very difficult for investors and whether they are interested in investing anymore? Hopefully no matter how much they change, they have to think about the investors. That is what should be done to get everything else if the opposite. There will be no profit.

[enhu]

Its not new, this post was last month. So this is now happening in Thailand?
With all these fees, I'm considering to pray for ETF not to be approved. It looks like they are killing the projects that hasn't even started with all these fees. You'd see clearly now its not about control its all about making money. Do you think these regulation will most likely be the same as other Asian countries?

[plpatel]

https://www.bangkokpost.com/business/news/1481525/sec-releases-crypto-details

There is a lot of investment in the Crypto and Wall Street depends on growth to continue to survive. It is clear that Wall Street want to eat this money one way or another.
From Singapore, to Thailand and also of course from the SEC in the USA who will officially support  'some' cryptocurencies as securities, we can see the fiat banking system moving in the way to take the control of these investments.

They will first legitimize some crypto (like XRP, made by them) and then make the rest illegal.
This way, they will get a % on each trade and tax the crypto economy.

Is this going to marginalize the coins that will not be chosen? How the crypto community of investors will react to these changes?

I don't think this will have an any adverse effect on cryptocurrency or crypto community of investors, after all there is plenty of opportunity to grab good profits in cryptocurreny. I'm too having an watchful eye, here in my country, over the legalization of virtual currency and to regulate the proceedings of trade and transactions. Well hope it all settles down in good faith.

[Indamuck]

I think Wall Street is quite jealous of how much money these large crypto exchanges are making.  They are pulling in easy billions while Wall Street is still on the sidelines waiting to join.  These guys wont pass up on easy money so expect them to flood this space over the next few years.

[Ranly123]

https://www.bangkokpost.com/business/news/1481525/sec-releases-crypto-details

There is a lot of investment in the Crypto and Wall Street depends on growth to continue to survive. It is clear that Wall Street want to eat this money one way or another.
From Singapore, to Thailand and also of course from the SEC in the USA who will officially support  'some' cryptocurencies as securities, we can see the fiat banking system moving in the way to take the control of these investments.

They will first legitimize some crypto (like XRP, made by them) and then make the rest illegal.
This way, they will get a % on each trade and tax the crypto economy.

Is this going to marginalize the coins that will not be chosen? How the crypto community of investors will react to these changes?

That may be will not happen. They can't control the people to invest in any of these crypto or altcoins. Beside experts in cryptocurrency know averything about xrp and they will never fall for that.

[BrewMaster]

They will first legitimize some crypto (like XRP, made by them) and then make the rest illegal.
This way, they will get a % on each trade and tax the crypto economy.

oh how i wish that they do something like this. that would be the best day of my life because that day finally we can see how much this market and the people in it are really worth.
we can see how many of them truly understood the power of decentralized money and how many were here like blind sheep following the money.

we may see drops but those drops would be like a purge cleansing the market from dirtbag weakhands

[HabBear]

It is clear that Wall Street want to eat this money one way or another.

Of course! Wall St. is in the business of making money off of investments...crypto certainly falls into this category of "investment".

Is this going to marginalize the coins that will not be chosen? How the crypto community of investors will react to these changes?

And yeah, the coins that have weak business models or utility represent thin investments, i.e., they don't offer much upside opportunity. These weak investments will be marginalized and fade away. This IS the result of the competition that exists in a free market, and the cryptocurrency market is "freer" than most!

Competition is good for the investors and the consumers!

[sasdaryl1995]

I think Wall Street is quite jealous of how much money these large crypto exchanges are making.  They are pulling in easy billions while Wall Street is still on the sidelines waiting to join.  These guys wont pass up on easy money so expect them to flood this space over the next few years.

Very well said, People nowadays wants easy money. In my opinion bitcoin is pretty much easier to earn rather than investing it within wall street.

[hatshepsut93]

They've been trying to hijack the crypto movement for a few years already by pushing for "blockchain technology" while claiming that cryptocurrencies are useless. In reality their "blockchain technology" is just vaporware, totally centralized and provides very few benefits for both users and companies. It's 2018 already and I still haven't heard about any hugely successful use case of blockchain.

Also, I agree with you that some cryptocurrencies might betray decentralization and conspire with elites, my bet would be on EOS, ETH, Cardano, TRON and other similar coins.

[Quinni]

I don't think Wall Street can take over BTC, they are just a part of the investment in BTC, and in terms of Wall Street's caution, I don't think they will buy BTC which is very expensive.

[traderethereum]

https://www.bangkokpost.com/business/news/1481525/sec-releases-crypto-details

There is a lot of investment in the Crypto and Wall Street depends on growth to continue to survive. It is clear that Wall Street want to eat this money one way or another.
From Singapore, to Thailand and also of course from the SEC in the USA who will officially support  'some' cryptocurencies as securities, we can see the fiat banking system moving in the way to take the control of these investments.

They will first legitimize some crypto (like XRP, made by them) and then make the rest illegal.
This way, they will get a % on each trade and tax the crypto economy.

Is this going to marginalize the coins that will not be chosen? How the crypto community of investors will react to these changes?

actually, I don't know about this and I don't think too deeply about this. and if they will legitimize some crypto, then I think it's great for the crypto and I am sure that this will impact the price especially for that coins (XRP) and I will make sure to wait for the price to reach the highest price again. I think the crypto community of investor will come to the cryptocurrency itself and they will invest their money that coin and the other coin because they can see a new opportunity to make more money from the crypto.

[magneto]

If certain restrictions are to be made in terms of accessing certain coins as an investment, then yes, they will definitely be marginalised due to it. And it's not a huge surprise that is the case either. We may see centralised cryptos be favoured by governments and regulators in the future because they can directly influence the network, instead of decentralised ones.

However, I don't see how Wall Street traders are necessarily playing any roles here?

The regulators, aka SEC are determining what they deem to be the most suitable regulations. Institutional investors can be manipulators in crypto markets, sure, but I don't think that they will necessarily directly have an impact on what coins are favoured by the regulators.

[btc_angela]

I think Wall Street is quite jealous of how much money these large crypto exchanges are making.  They are pulling in easy billions while Wall Street is still on the sidelines waiting to join.  These guys wont pass up on easy money so expect them to flood this space over the next few years.

Yeah, they really wanted to get a piece of the pie, the action and the headlines that crypto is making in the last 2 years. But I don't know if they can take over the crypto market though, too much big player in the market and maybe they are going to be a fight. hehehehe. So let's see how those big players are going to change the ball game. The rules have changed since the whales enter the picture and if it's true that the shark of Wall Street wants a piece of the action they the rules will evolved as well.

[thefatman82]

I'm wondering what would happen if cryptocurrency and stock market would join and blend each other, stock market is one of the biggest markets in the world at the time when cryptocurrency is one of the smallest.

[r32godzilla]

It's true that ripple is made by banking sectors as a competitor to bitcoin and we could realise this from the point that it is almost accepted by all banks all over the world.Wall Street has already tried to take control of cryptos by launching bitcoin futures.They are trying their best to destroy cryptos.

[boyshx]

I don't think there is anyone from the Wall Street who wants to eat money out of the crypto currency. What they can do is invest in the crypto currencies and make them spikes heavily and benefit themselves and those who are already in the crypto currencies. The market is decentralised so what they can do is simply get into the crypto currency with a firm, brokerage, bridged exchanger and much more or create entity just like the Futures company last year and we all know how it affected the market, in all positive ways. So surely there is something else that will happen as you might be thinking here.

[omfg.xekcep]

Generally speaking, I think that guys from Wall Street are not going to eliminate rival coins even if they will choose one or couple coins to promote them. You may be wondering why I think so. Well, Guys from Wall Street are speculators we also may name them businessmen. As we know every businessman has to make a profit not be a bankrupt so they do operations and business process to make money. I agree that they probably might want to promote a chosen coin and it is a sensible decision but eliminating rivals is absurd because it is a very expensive and senseless idea.
By the way I have not yet noticed coins which stand out from other to be chosen by guys from Wall Street. I considered that such a coin was ethereum but I mistook.