No impact of SEC freezing USA Binance assets

[Woodie]

It gives me the impression the SEC is trying to bully Binance out of USA, so the government won't have much competition when the CBDC or the digital centralized dollar is launched nationwide.

Wouldn't have said it any better!!

And unfortunately this is whats happening with the whole SEC conundrum,  and how can it be also be a coincidence that Binance is being pushed out or being fixed with the regulation tag and suddenly we have the EDX showing up...Someone in the background has made sure to have a safe passage for such an exchange to have a ready market and I think the markets are ready to move on looking at how price has jumped up.

It only affects Binance.US so the effect will likely be contained there.

With Binance its not only in the US, I hear they have left Canada, Netherlands and possibly more European markets won't access their services all because of regulation....and at this point makes me wonder if regulation is what we need to go forward.

[Alpha Marine]

It actually had an effect but not a significant one.
Binance is not Bitcoin. If Binance should crash today Bitcoin will still be alive. Binance is just another operator in the market, but a very big player.
That aside, I believe if the assets were actually frozen, it would have had a bigger effect on Bitcoin.
Binance argued that if their assets are frozen it would mean passing a sentence before the court even passes a judgment because freezing of their asset would mean they won't have any money to run their business while the case is in court.

I get that SEC is just doing its job, but this all looks like a coordinated attack at this point.  

[Friendlyuser]

It actually had an effect but not a significant one.

There was no actual freeze so how did something that did not happen affect the markets?

It gives me the impression the SEC is trying to bully Binance out of USA,

Wouldn't have said it any better!!

With Binance its not only in the US, I hear they have left Canada, Netherlands and possibly more European markets won't access their services all because of regulation....and at this point makes me wonder if regulation is what we need to go forward.

That means it's not just the SEC trying to regulate Binance but everyone in the world, and as one saying in my country, if everyone but you tells you you're drunk, then you're drunk, since I see Binance fleeing from every jurisdiction that is asking them to keep customer funds safe for real not just #safu! The SEC asked for us customer funds to be held in the US, yet CZ threw a tantrum, probably because deep down he's just as insolvent as FTX and if everyone asks for those money to be held in trustable and verifiable soruces it will show there is no money!

[krishnaverma]

I get that SEC is just doing its job, but this all looks like a coordinated attack at this point.  

What can exchanges do in order to avoid such attacks in future ? Are they even capable of avoiding such attacks ?