Explain this to Me Like am a Five Year Old

[fuguebtc]

SEC saw nothing on CZ, some people believe that CZ is corrupt but that's not the case, with they way this is going, SEC wants something from crypto, some kind of settlement and agreement, it's always about the money, they don't enjoy watching people like Brain and Zhao getting all the crypto goodies, it's pure jealous and envy, where are these people when crypto was nothing?  

All I can say is, if SEC really want to put an end to crypto, Bitcoin should be the main target, why didn't they go after Bitcoin? This is very laughable, Bitcoin seem unstoppable for them I guess, because there is no one to sue, hahaha, I am not worried, not at all, because this whole war will make Bitcoin even more bullish, lets wait and see what happens next.

I agree with what you are thinking about SEC, they just want money, and their greed is getting bigger and bigger when they see the potential of this crypto market. And you are right, the SEC is targeting bitcoin, but since they have no direct way to stop it and are hitting what they think will affect the growth of bitcoin. But they were completely wrong because even if Binance or Coinbase fails, bitcoin will still stand and grow in a different way. They will have no way to completely stop bitcoin.

[SamReomo]

The simple answer to all of your questions is that U.S and its Sec will soon accomplish their goal of shutting down the operations of Binance in their country. This is just an excuse to execute their main target and that is Binance and CZ only. I'm sure that CZ won't appear before the court and the final decision will be against Binance US without any doubt.

I recommend all US citizens who have their money on Binance exchange, to withdraw their money as soon as they possibly can because anything can be done in coming days and as a result they might free your funds until the matter is solved. I'm sure enough in saying that Binance will shut its operations in US after this move of Sec and they won't do business in US after this.

[LocalMonero]

What are the implications of Binance leaving the US? Will it hurt Binance more, Bitcoin, or the US?

None. From a financial point of view, leaving the US will not affect the financial situation of Binance in any way, since this market is owned by Coinbase (these two exchanges have different priorities when it comes to geo). The division that was opened in the USA is only needed by Binance in order to be closer to the "Law". The SEC, in turn, wants to show Binance that this is not their territory, but it would be strange if another exchange operating in the US and doing the same thing would be left without attention.

[Z-tight]

And you are right, the SEC is targeting bitcoin, but since they have no direct way to stop it and are hitting what they think will affect the growth of bitcoin.

I don't believe that the SEC is targeting BTC through Binance, they are not dumb, they know that Binance doesn't control BTC neither does Binance represent BTC in the crypto industry. The Sec and other agencies are targeting Binance because they are shady, i know many people will find it hard to believe because they have been brainwashed by CZ into thinking that without Binance there will be no BTC. Binance does not care about BTC and their actions show it, trade in their platform if you want but move your funds into your self custody wallet once you are done, and if they ever bite the dust BTC will be fine.

[fuguebtc]

And you are right, the SEC is targeting bitcoin, but since they have no direct way to stop it and are hitting what they think will affect the growth of bitcoin.

I don't believe that the SEC is targeting BTC through Binance, they are not dumb, they know that Binance doesn't control BTC neither does Binance represent BTC in the crypto industry. The Sec and other agencies are targeting Binance because they are shady, i know many people will find it hard to believe because they have been brainwashed by CZ into thinking that without Binance there will be no BTC. Binance does not care about BTC and their actions show it, trade in their platform if you want but move your funds into your self custody wallet once you are done, and if they ever bite the dust BTC will be fine.

To be more precise, SEC are not only targeting BTC but are targeting the entire crypto industry, not only Binance but Coinbase is also their target, and these two companies are the biggest in the industry. Binance does not represent BTC, but if they fail so easily, the SEC will have more incentive to attack our market.
I'm not defending CZ just because I'm on Binance because if it goes away, another exchange will take its place. I'm not worried or bothered about that, what I care about is if CZ loses, what will the SEC do to us? Do you think the SEC is just beating Binance and will stop?

[LocalMonero]

High-ranking officials in the United States often use their achievements in the service for the election campaign (for example, to the House of Representatives or the Senate). Therefore, it will not be surprising that the lawsuits against Binance and Coinbase are someone's game, winning which will open up some prospects. Just a logical thought that has real ground behind it.

[Kakmakr]

The SEC is under pressure from other financial services that are adhering to their regulations, to make sure Binance are adhering to it too. The Fiat financial services are constantly pointing fingers to the Crypto currency services and the SEC must make sure that everyone are regulated.

The politicians are also putting pressure on the SEC, because they want to use this circus to score political points with their voters and the companies that are funding their election campaigns. 

[Blitzboy]

SEC saw nothing on CZ, some people believe that CZ is corrupt but that's not the case, with they way this is going, SEC wants something from crypto, some kind of settlement and agreement, it's always about the money, they don't enjoy watching people like Brain and Zhao getting all the crypto goodies, it's pure jealous and envy, where are these people when crypto was nothing?  

All I can say is, if SEC really want to put an end to crypto, Bitcoin should be the main target, why didn't they go after Bitcoin? This is very laughable, Bitcoin seem unstoppable for them I guess, because there is no one to sue, hahaha, I am not worried, not at all, because this whole war will make Bitcoin even more bullish, lets wait and see what happens next.

I agree with what you are thinking about SEC, they just want money, and their greed is getting bigger and bigger when they see the potential of this crypto market. And you are right, the SEC is targeting bitcoin, but since they have no direct way to stop it and are hitting what they think will affect the growth of bitcoin. But they were completely wrong because even if Binance or Coinbase fails, bitcoin will still stand and grow in a different way. They will have no way to completely stop bitcoin.

The SEC' latest activities have stirred the crypto community. While many claim this is about envy or muscling in, I propose a different viewpoint.

Regulators like the SEC aim for fair, efficient markets. Their probes into leaders like CZ and Brain may seem intrusive, but they might be striving for crypto to match the stringent standards of conventional finance. Regarding Bitcoin being the SEC's prime target, remember Bitcoin's decentralization and lack of clear leadership complicate regulation. While Im all in for crypto' lucrative prospects, I urge prudence