The US just banned altcoin trading.

[Magpie99]

The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.

From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.

 Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
 In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.


Is the future of cryptocurrency in jeopardy?

Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19

[Faisal2202]

Do you think the US banned altcoin trading to sue Binance, or is there another reason?
Is the future of cryptocurrency in jeopardy?

Dear op, i am just stunned to hear your first question (no disrespect) but i think you do not know why SEC sued Binance. They did not banned altcoin to sue Binance but they sued Binance for trading of those altcoin which are declared as securities and those securities (alt or specific token) were not registered with SEC. That's why, SEC sued Binance and halted the trading of those coins, but also many other coins too. (Which were in pair of BUSD and BNB).

For your second query, No, future of cryptocurrency can be changed by the impact of USA only because Binance is just one of the many exchanges, which provide exchanging, trading and staking etc. Feature which any other exchanges could do by replacing it maybe it could be registered with SEC. So, be positive and remain patient, because AFAIK, they just want to develop such cobditions in which they could buy more BTC in lesser money. (I hope you got my point).

[Findingnemo]

A tweet can't be considered as source and when I searched for any other reliable source about this and I can't find any eo don't spread information which is not comes from a reliable source like government making an official statement about it.

I appreciate if you lock this thread or it will create unnecessary panic among crypto community.

[GeorgeJohn]

A tweet can't be considered as source and when I searched for any other reliable source about this and I can't find any eo don't spread information which is not comes from a reliable source like government making an official statement about it.

I appreciate if you lock this thread or it will create unnecessary panic among crypto community.

I applaud you for your comments, I know quite well that some of the tweets are not from a reliable source but when some people come across of them, they do take them as a reliable one, so therefore I believe that if governments should ban a coin it should be a bitcoin because has been a threat a to them right from the beginning bitcoin was created, making an emphasis that altcoins has been ban by government according to op, I think its not authentic information indecency that we have varieties of altcoins that exist and if this information should be real they be a specific altcoins they are emphasising on, not all the altcoins because more protects are been created today and tomorrow.

[teosanru]

The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.

From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.

 Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
 In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.


Is the future of cryptocurrency in jeopardy?

Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19

What he wrote and what actually happened is entirely different. What actually happened is that SEC tried to get hold of a few Cryptocurrencies. They started their own investigation on a few coins like Solana, Cardano and Matic and eventually Coinbase, Robinhood and a few cEX stopped trading these coins therefore US has indirectly stopped people from trading Cryptos.

[palle11]

We have to get something straight with this information about binance and the SEC. Binance is not the only cryptocurrency exchange that exist even though the biggest and more far reaching to investors because of all the features and on the other hand, US is not the only country dealing with cryptocurrency. US is trying to protect her environment and to get binance to be transparent and follow the law. After they do things and the lawsuit is attended to, maybe market will shift from binance to another exchange and the business continues. While this is going on, SEC and other whales may be waiting to buy cheap.

[livingfree]

There is no ban but they're trying to sue those companies that they think wrong with their trading offers like Binance and Coinbase.

Is the future of cryptocurrency in jeopardy?

But let us say that the US did all of these and banned altcoin trading, so this means that there's no affection to Bitcoin so it's still fine then. However, no matter what stoppage and banning they do the market have been in many struggles and hardships of cracking down and more than this.

The future of the crypto market isn't going to what you're thinking, these scenarios are temporary and will later on be okay again.

[taufik123]

We have to get something straight with this information about binance and the SEC. Binance is not the only cryptocurrency exchange that exist even though the biggest and more far reaching to investors because of all the features and on the other hand, US is not the only country dealing with cryptocurrency. US is trying to protect her environment and to get binance to be transparent and follow the law. After they do things and the lawsuit is attended to, maybe market will shift from binance to another exchange and the business continues. While this is going on, SEC and other whales may be waiting to buy cheap.

In this case Binance.US is certainly affected and for Binance.com is not affected by the SEC because it is not the SEC's working area.
But even so, the impact of the regulations made by the SEC has shaken the crypto ecosystem.

After all, Binance is the largest exchange at the moment and this will certainly have an effect.
Just look at how the price of Bitcon freely fell from the price of $27k down to touch the price area of $25k.
and some altcoins that were banned by the SEC in the US were severely affected.
US people began to withdraw their asset holdings so that the crypto market crashed.

Those waiting for this moment will certainly party and be able to buy bitcoin and altcoins at a cheaper price.

[Smartvirus]

From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.

 Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
 In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.

Is the future of cryptocurrency in jeopardy?

I can't remember a year where the future of cryptocurrency haven't been in jeopardy. It's normal but still, it's evolved to conquer the challenges of the times. I would say, we shouldn't be fooled by there focus on altcoins as that's just gor a start. There success in this round would determine what they joke yo archive when they turn there focus towards bitcoin.
Fortunately, there bans has always come down to nothing but, it might minimise the number of individuals that falls victims to crypto scams in the form of scam tokens and altcoins.

Let's be guided by this mischievous plan and not be fooled in our investment choices and the part we play in all these FUD.

[Bitcoin_Arena]

What he wrote and what actually happened is entirely different. What actually happened is that SEC tried to get hold of a few Cryptocurrencies. They started their own investigation on a few coins like Solana, Cardano and Matic and eventually Coinbase, Robinhood and a few cEX stopped trading these coins therefore US has indirectly stopped people from trading Cryptos.

So in your words, Bitcoin, Ethereum and the likes are not cryptos?


Op's title is more like a clickbait, and now he has even been permanently banned from the forum. The US didn't ban altcoin trading. SEC is just targeting a few coins/tokens they believe to be securities.

[FinneysTrueVision]

The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.

From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.

 Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
 In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.


Is the future of cryptocurrency in jeopardy?

Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19

These Youtubers are so annoying with their sensationalist statements. The US has not banned altcoin trading. These idiots will just make stuff up to get you to watch their videos so they can get paid to shill you some worthless shitcoins.

[AmoreJaz]

What he wrote and what actually happened is entirely different. What actually happened is that SEC tried to get hold of a few Cryptocurrencies. They started their own investigation on a few coins like Solana, Cardano and Matic and eventually Coinbase, Robinhood and a few cEX stopped trading these coins therefore US has indirectly stopped people from trading Cryptos.

So in your words, Bitcoin, Ethereum and the likes are not cryptos?


Op's title is more like a clickbait, and now he has even been permanently banned from the forum. The US didn't ban altcoin trading. SEC is just targeting a few coins/tokens they believe to be securities.

this is indeed misleading topic particularly for noobs here, which may create panic about their crypto holdings. this is why anyone who is into crypto should educate himself about facts and know how to filter fake news. people usually want to create confusion so some of these users are in panic mode for nothing.
read the actual news, educate yourself with the surrounding facts. don't rely on one site alone. some of them have biased reporting as well. assess the actual situation and you will know what to do next.

[cryptoaddictchie]

These Youtubers are so annoying with their sensationalist statements. The US has not banned altcoin trading. These idiots will just make stuff up to get you to watch their videos so they can get paid to shill you some worthless shitcoins.

Yes and as far as I know only few tokens got delisted. Like ada, matic and sol on robinhood exchange. US is really not aligned on crypto but we will see. We all knew that US is a strong country and not having crypto on this area might be their loss actually. Its not the only country, maybe users from the area could rely on dex more if some exchanges really prohibit them to trade crypto. The SEC chair is really aiming to eradicate crypto on US territory but not gonna happened.

[blockman]

In the meantime, the US has banned altcoin trading.

They did not.
Coinbase is still alive and some other US exchanges. If so, there's already a closure announcement that will be made by Coinbase but not, they may have delisted some other cryptos but not entirely including other alts.

Which bodes ominously for the future of cryptocurrency.

Not really. We just need to think of something else while letting things happen there and occur naturally. There's no way to stop those and it's imminent to happen no matter what.

[taufik123]

The OP doesn't seem to fully understand the problem.
SEC did not ban Altcoin trading and only a few altcoins were affected due to the legal dispute with binance.us.

Besides, this does not affect binance.com which is a global market.
The SEC's working area only applies to binance.us in the US territory.

The advanced trading pairs that Binance.US plans to phase out are 40 altcoin pairs USDT, BTC, and BUSD.

Is this a bad sign?
yes maybe in the short term, this is a bad sign and it does affect the current state of the market.

But for the long term, this is just a moment that will be used as a speculation tool.
When binance.us is no longer associated with the SEC and the problem is over, then binance.com will not be affected in any way.

The SEC's working area is only in the US and will not have any global impact.
OPs really need to understand what the news is about so that it won't be a piece of news that only conveys FUD.

[stompix]

The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.

The SEC charged a few exchanges for trading a few shitcoins.

The SEC is not the US government, the SEC is not god to dictate everything.
Every decision the SEC takes can be changed or overruled in court.
The SEC mentioned 19 cryptos, not 9000 (as it should have done), and never said a word about Litecoin or Dogecoin not to mention Bitcoin.
Cryptos are not only about trading, but god forbid we do anything else with them than trying to get rich in fiat!
Twitter as a source of "news' is worse than pornhub.

[kojektea]

I think they have long enough to ban crypto from circulating in their country. therefore I don't think this news will have much impact on the current market trend. I think we have to be really careful in choosing news, this is old news that they might update again to make crypto prices lower than they are now. if we update on twitter, I'm sure we'll never miss any news, but what I think right now is tough for bitcoin price to go up is SEC vs Binance right now.

[yudi09]

-snip-
Is the future of cryptocurrency in jeopardy?

Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19

Every country has rules. When the country feels a company operating in the country has deviated from the rules, the country will act.
The prohibition on the Altcoin trading may be the direction there so no need to worry about the future of Crypto, especially Bitcoin.
Or maybe your intention is related to binance and coinbase. If true, then in my opinion there is something that does not meet the provisions of their country operating.
Don't panic with the writing made by someone on Twitter.

[davis196]

The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.

From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.

 Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
 In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.


Is the future of cryptocurrency in jeopardy?

Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19

The Security and Exchange Commission banning shitcoins and shittokens is actually good news.
OP, please do more research on the topic, before posting forum threads here. Your forum thread seems incompetent and it lacks important information.
The 2022 crypto price drop has nothing to do with SEC going in court against Binance (and potentially Coinbase).
The 2022 price drop was created by the collapse of a bunch of shady crypto projects like Terra, Three Arrows and FTX.
I'm not a fan of Binance and Coinbase, but they cannot be compared to total scams like FTX.

[RewFrew]

The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.

From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.

 Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
 In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.


Is the future of cryptocurrency in jeopardy?

Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19

Dear magpie99 i thinkthere has some missing in your information. US not banned all altcoin. US Security Exchange Commission charged for trading a few shitcoins. Not all altcoin. So i think it not big problem.
And after this SEC problem Bitcoin and all cryptocurrency pumping Again. Bitcoi ATH is near about $67500 From here some days ago Bitcoins price huge fall some days ago bitcoin price was $16k. It is normal things for cryptocurrency. Btu from bottom bitcoin price including gradually day by day. And i think that bitcoin price will hit new ATH within Q-1 of 2024. I believe within 2024 bitcoin price will hot $100k.