More trouble for crypto?

[S3300]

Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???

[Nwada001]

The Tron CEO case already has a thread that is still open for discussion; you can join the discussion. https://bitcointalk.org/index.php?topic=5445962.msg61959553#msg61959553

what do you think will unfold from this? Scary or Nah???

No, I am not scared because I am not Justin Sun or Coinbase CEO, nor am I in any way related to them; I also don't have any of my funds entrusted into their hands, either through their exchange or any of their coins or tokens. So I am not scared; the case will only cause a few panics on the market, which won't last for long, as Tron and a few other tokens under them are already experiencing a few drops in price. 

[Charles-Tim]

Coinbase do not want to accept that altcoins, their staking program and some other things about the service they are providing are securities. The last we know was when United States SEC targeted Kraken. SEC and Kraken reached a conclusion after Kraken accepted to stop its staking program. People should know that staking defines any cryptocurrency to be a security and SEC likely do not want staking program for US citizens.

Edit:

The Tron CEO case already has a thread that is still open for discussion; you can join the discussion. https://bitcointalk.org/index.php?topic=5445962.msg61959553#msg61959553

I did not see this before posting. Also I did not know there is an existing topic about it already. It would be better for S3300 (OP) to lock this thread.

[retreat]

Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???

Why would I worry about something that hasn't happened yet? besides if these two parties are really in trouble with the SEC it will only make small waves in the market and I believe that the market will recover. What's more, I have gone through many big cases on the crypto market from 2018 and until now I am still surviving and still profitable, so I am not afraid.

[buwaytress]

Scary if you're still leaving your coins on Binance/Huobi etc.

Probably also scary if you're leaving your precious coins on "decentralised blockchains" like TRON or even Binance Chain (or whatever name it's called these days).

People think these "DEXs" are non-custodial, wait till the servers running them are seized...

That's worst-case scenario, of course, which I doubt happens...

[huu78]

I think if that's the scenario, then Justin Sun should be arrested, maybe there are some people here who do the same but in small quantities and haven't been caught yet, I hope such fud doesn't have a bad effect on the market, although it's very unlikely.

[dimonstration]

Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???

Nah, Justin Sun is one of the cancer in crypto. He is known for hyping the market and draining the money of his project investor for his self interest.  He surely commit fraud for being connected with Tether unli print machine. Their fall is necessary to make crypto market more organic.

Tron and USDT are a ticking time bomb that slowing down crypto growth due to the uncertainty that given by these project. Many project are exposed on these shady so I’m sure that many will be affected like when FTX and LUNA downfall.

[ethereumhunter]

I don't think it's scary and let it be investigated by the SEC and if it's true that Justin committed fraud, we'll just have to wait for the results of the investigation. Maybe the market will fluctuate again like before and I haven't imagined the worst scenario that could happen later. Maybe it will make the crypto market experience another correction or nothing will happen. Or maybe later, there will be another case similar to FTX. And I think later, there will be a lot of speculation related to that news. We'll just wait and see.

[tabas]

There's no need to worry, let them settle their cases and face it. We have nothing to do with them and the market will continue to thrive with or without them. Those whoever is caught to be doing fraud and market manipulations, let them take what they deserve.
The best plan is to be careful with anything related to exchanges and centralized platforms for us to be safe with our funds, never leave any coins to them because when things like this happened to them, it will escalate quickly to the point that you can no longer react and they'll just disable the withdrawals. The market with these issues are going to stay good and there could be some dumps but they're temporary but in the long haul, it will remain better.

[Aanuoluwatofunmi]

As long as you're investing on altcoins you have to unde that this people cannot evade government regulations because they are centralized themselves, know this risk associated before it's too late, though it's not a call for fear of uncertainty demand but care needed to be in place, we must not wait and watch till our asset get down along with the inventor of these cryptos and centralized exchanges before we take a step.

[Gormicsta]

I believe that the future of cryptocurrency is bright, but the journey will be difficult. We may expect more regulation, frauds, and hacks, as well as improved creativity, acceptance, and use cases for cryptocurrency. The technology is still in its early stages, and we are only scratching the surface of what is conceivable. CBDCs, NFTs, and DeFi are among the exciting technologies that will emerge in the next years. We'll also see more everyday life use cases, like as money transfers, payments, and supplies, as Decentralized finance gains recognition, making it simpler to handle your own finances without relying on a traditional bank.

[btc78]

Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???

I don’t use coinbase so I am not worried.

If the cases are true and they are found guilty well would you not want to know if the coins you are holding are associated with fraud and other scheme of things?

Even with cases like this, the project still holds up and does not really get impacted heavily. They just need to settle whatever the verdict will be and then we can move on from there.

[Alone055]

Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???

There is nothing scary in that for me because I'm not a user of Coinbase nor do I hold any of the cryptocurrencies from Tron, I do use USDT for my trading activities but I barely keep any for very long. However, if that isn't a rumor and something like that is going to happen, maybe we should be careful and use another stable coin for the time being so that we can stay safe from anything that might happen in case the news creates a lot of FUD in the market and things start going wrong.

I'm saying that only because we know what happened to BNB when Binance and CZ were in the case with the SEC. BNB lost a lot of value during those times and it took a lot of time for it to recover from that because investors weren't confident and didn't want to buy BNB until Binance and CZ got a clearance from the case.

[BD Technical]

Current status of currency in crypto.  It seems that the gift of the future can go higher because the present has been surpassed.  Currently everyone is busy with keeping currency or earning a lot of money to train everyone, but if you give some time and enter, you can earn good money.  In that case, Kipta currency can spread to many more places, but it is natural that the future or current generation will depend on crypto because digital currency is spreading everywhere.  But if Tron or SEC works with it, it's much better because the currency can go to the keep because you won't get it.

[GreatArkansas]

Lol. I am more worried about Justin Sun compared to this Coinbase.
Just take a deep breath and think twice, Justin Sun is really known for a lot of fishy, scammy activities in the cryptocurrency market. I am more favored that Coinbase is more legit than this Justin Sun.

[mrust_mobile]

Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???

Who gives a shit about Justin Sun? Haven’t he scammed many people in the past? I think the SEC would do everybody a favor if they throw him into a jail cell.

Will it going to affect the markets? Well, fuck the markets if fraudsters like him has taken over it.

Coinbase is a different case though. It is somewhat a legit exchange and it will definitely harm crypto but coinbase is the bitch of the SEC so nothing will happen to them so no worries.

[kryptqnick]

I assume an old thread is under discussion again because of some updates?
Justin Sun does have a lawsuit against him by the SEC, but it's been going on for a year. However, it reappeared in the news this month because TRON's asking to dismiss the lawsuit on the ground that the SEC isn't a global regulator and doesn't have jurisdiction over foreign nationals. I don't think it'll work, but nice try.
The SEC's lawsuit against Coinbase is almost a year old (it was filed last June), but there's been an update in that case, too: the SEC decided that the claim about Coinbase's unregistered sales of securities "could be heard by a jury at trial".
It seems that, in both cases, the SEC has an upper hand, but things are moving quite slowly.

[martinex]

There will always be further drama on the way when we have already invested in this crypto world. But this I think is normal because each of us always plays our own role. Likewise from the SEC in carrying out their duties and functions. It's just that we are here as users. Yes, at least able to read the conditions and hopefully more preparation if there is a major crash at any time.

[harapan]

I believe that the future of cryptocurrency is bright, but the journey will be difficult. We may expect more regulation, frauds, and hacks, as well as improved creativity, acceptance, and use cases for cryptocurrency. The technology is still in its early stages, and we are only scratching the surface of what is conceivable. CBDCs, NFTs, and DeFi are among the exciting technologies that will emerge in the next years. We'll also see more everyday life use cases, like as money transfers, payments, and supplies, as Decentralized finance gains recognition, making it simpler to handle your own finances without relying on a traditional bank.

Bitcoin has showed resilience in the past,been informed about the bitcoin market can help to make strong and solid decisions about when to invest in bitcoin irrespective of the marketing and pricing status of bitcoin.

Just like my colleague has said it,the future of bitcoin is very bright,it has always bounced back from irrelevant regulations and struggles.

Bitcoin’s volatility is unstable;and this volatility has made it almost impossible to use as a viable payment method,and people refer to is as a store of value.I really don't have an evidence to back up this policy that bitcoin crashes soon.Don't give up on bitcoin,it has recovered several times.

[passwordnow]

Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???

Not scary at all. It's known what kind of guy Justin Sun is. He's got a lot of projects aside from Tron and that's why we shouldn't be worried at all. But wait a minute, when did Justin Sun became a part of Coinbase? I can't remember that he became one and he's more focused with Tron and his new acquisition of Poloniex. But with all of these drama that's happening in the market, all I can say is that if there's no drama, there's no thrill.

So with this, there is nothing to worried about if your assets aren't in poloniex, BTT, TRX and other platforms and projects that he's part of. He's grown big on this market from the very start and he knows how to market himself. And I was surprised to see that's got the title now of "permanent representative of Grenada to the World Trade Organization in Geneva. He's got a lot of achievement and based on his bio, he's left being the CEO of Tron for that permanent representative post. Anyway, with all of these things that SEC is doing for each of them makes the market more colorful.