SEC lawsuit caused massive market crash

[Ultegra134]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

[Wiwo]

At this point all we need to do is to hodle because that is the ultimate goal,  if you are holding Bitcoin before the market drop to 25k you are already in a loss, but what the price becomes in the next minutes no one knows, so to be at your best stage you need to handle 100%.
Bitcoin is the best form of asset and at that one need to have a fundamental knowledge of how the technology works, and also how to apply all the various market reaction to the current need and time, with all the market crisis that has resulted in maa massive dump.

[wheelz1200]

Matic/polygon is another one in the trap.  SEC is definitely swinging theor weight right now but we've seen these things before.  Don't know if it's worth buying the dip but if these coins tread water amd make it out there are some serious opportunities to be had.  I'm hedging my bet and cost averaging down on some of my positions.

[Jackl87]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.
The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

It really seems like the crypto market just does not really get a longer time span to just rest and to be a left alone so it can slowly but surely start to grow again. Now the SEC came around with another news about an investigation and a lawsuit and the prices of all projects are crashing since a few days. I was pretty happy when i bought Cosmos (Atom) for a little bit below 10$ a few months ago and today it even scratched at the 7 dollar mark for a few minutes, now it is at around 8$, so still a 20% loss in comparison to my investment and with NEAR it is the same or even a little bit worse. Sadly i don't have any funds available at the moment so i can not stock up and good projects.

[goaldigger]

I’m wondering if Binance will leave the US market, are they can still work well?
US SEC are the only problem to cryptomarket while the other countries are not doing any pressure against the top exchanges. Binance will survive on this, though its better to wait for the real bottom of the price since there’s a chance for Binance to go lower $200 again, its sad but this might be the next price for BNB.

[molsewid]

I’m wondering if Binance will leave the US market, are they can still work well?
US SEC are the only problem to cryptomarket while the other countries are not doing any pressure against the top exchanges. Binance will survive on this, though its better to wait for the real bottom of the price since there’s a chance for Binance to go lower $200 again, its sad but this might be the next price for BNB.

I am not sure but they can still operate their market in other countries. People can still do trading but the thing is if people in the US want to trade in Binance I think they need to use VPN since it will be banned for sure. When this thing happen I know that Cz and his team has already a plan on this. Yes it will affect the market but not too much.

[Ultegra134]

At this point all we need to do is to hodle because that is the ultimate goal,  if you are holding Bitcoin before the market drop to 25k you are already in a loss, but what the price becomes in the next minutes no one knows, so to be at your best stage you need to handle 100%.
Bitcoin is the best form of asset and at that one need to have a fundamental knowledge of how the technology works, and also how to apply all the various market reaction to the current need and time, with all the market crisis that has resulted in maa massive dump.

My DCA on Bitcoin is approximately $28,000, so I'm definitely at a loss but I honestly don't mind Bitcoin, I'm certain that it'll recover. I'm more worried about BNB, which I had bought somewhere around $280 and it's currently at a huge loss.

Matic/polygon is another one in the trap.  SEC is definitely swinging theor weight right now but we've seen these things before.  Don't know if it's worth buying the dip but if these coins tread water amd make it out there are some serious opportunities to be had.  I'm hedging my bet and cost averaging down on some of my positions.

I'm not sure if it's worth buying any coin at the moment, the situation is pretty tense and unpredictable. I honestly didn't expect BNB to crash like that in such a short time period. Bitcoin seems like a safer option than any other altcoin, but this is evident that anything negative (or positive) can occur at any time.

I’m wondering if Binance will leave the US market, are they can still work well?
US SEC are the only problem to cryptomarket while the other countries are not doing any pressure against the top exchanges. Binance will survive on this, though its better to wait for the real bottom of the price since there’s a chance for Binance to go lower $200 again, its sad but this might be the next price for BNB.

I am not sure but they can still operate their market in other countries. People can still do trading but the thing is if people in the US want to trade in Binance I think they need to use VPN since it will be banned for sure. When this thing happen I know that Cz and his team has already a plan on this. Yes it will affect the market but not too much.

From my understanding, only Binance.us users will be affected if they stop operations, but it'll have lasting consequences to everyone.

[Johnyz]

This is expected, if there’s a government pressure the market will react on that and its too bad since we failed to break the resistance before. Let’s hope that the cryptomarket will survive on this or else we will failed again and the hope for a decentralization might not happen. Let’s support BNB here and as long as they didn’t violate any, then we should stay focus and not to panic selling. Buy if there’s an opportunity, BTC is still the best choice as of the moment.

[Wiwo]

At the moment BNB is around $238 and if you bought at 280 and in large quantity then you are already in great lose and this is something to worry about but then I am sure that the price of BNB will recover along with Bitcoin in the coming week since the price has been greatly affected by the funds that have been speculated around the CZ/binance law suet and in the long term all this will fade away given chances to more market breaking.

BNB have a good ecosystem that will help its price to recover quickly I think we should be more worried about meme coins which have no real liquidity provision to back their price recovery.

[davide72]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

I think it's more a speculative move ,especially many altcoins dump is huge, the BTC has held up very well and in any case the last few months had grown so much so I think it is normal that it makes retracements

[bittick]

everyone should already know the obvious that this lawsuit follows up will most certainly make some massive waves of correction in the future.
i honestly think that at the first news of the lawsuit that should be the right chance to liquidate the funds otherwise, we will suffer great lose.

[AmoreJaz]

This is expected, if there’s a government pressure the market will react on that and its too bad since we failed to break the resistance before. Let’s hope that the cryptomarket will survive on this or else we will failed again and the hope for a decentralization might not happen. Let’s support BNB here and as long as they didn’t violate any, then we should stay focus and not to panic selling. Buy if there’s an opportunity, BTC is still the best choice as of the moment.

this will just be another bottleneck in this market. but we all know that we can always surpass such challenge. i don't think this will have long-term effect on the market. remember, how many times have we seen such event in this market, and yet, the market survive and keep on going.
it may have short impact once the verdict becomes public, but we always bounce. we are not going to disappear if they think they can.

[o48o]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

Why is BNB most worrying? Imho it always was problematic. This is just those problems manifesting themselves.

Everyone knew that it's going to be centralized. Even if it has smart contracts it's still an exchange coin and totally dependable about Binance. Reason why it rises was because everyone thought Binance was untouchable. And for a long time it seemed to be so. They have done so much for some many people, giving charities and most likely lobbying a lot in everywhere in the world.

Still everyone knew deep down that BNB is going to be be paired with well being of Binance. This is what "fudders" were afraid of, and now when it's unrevealing in front of everyone, people will soon realize that if binance loses, the bottom of bnb is going to be zero. And that would make this crypto winter last for ages.

[coin-investor]

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

From here we can see the status of Binance in the market, because of the negative news it's getting it affected the market, I don't know what the community will look like without Binance, they are the leaders, the innovators, and prime movers of the industry its leader CZ have proven that during the pandemic.

Binance should address issues being hurdled to them and I hope they succeed, whatever happens to Binance will have a big impact on the market, especially now that halving is coming, the whole community is now watching.

[zonefloor]

Frankly, these lawsuits filed by the SEC did not add too badly to the market. At least there were no serious declines. Except for cryptocurrencies. But if the sanctions continue to increase in the future, then serious decreases will occur. It is useful to follow the market during this period, and these sharp declines can be an exit point for you and it may be inevitable that new millionaires will emerge.

[shinratensei_]

Frankly, these lawsuits filed by the SEC did not add too badly to the market. At least there were no serious declines. Except for cryptocurrencies. But if the sanctions continue to increase in the future, then serious decreases will occur. It is useful to follow the market during this period, and these sharp declines can be an exit point for you and it may be inevitable that new millionaires will emerge.

the impact was seen though and it's quite significant, although the drops generally was about 15% still it's still the early stage of the lawsuit, things could turn on different direction
by the time goes, but it's also could be progressing for the worst, after all there's just many things that usually could be out of our prediction.
the thing with these news that could affect price in general is that, they really do have some big influence over the market that with some news the market already turning upside down.
i'd be more carefuly making some entry right now even if it seems the chance of investing arise, after all, it could be pretty much turning disastrous in the long run if things get worse.

[TravelMug]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

Yes, I think it's BNB that are going to hit big because it is the native token that is being used by Binance so I'm not surprised by it. And then there will be others who have been mentioned in the lawsuit as well.

However, for me this is just a temporary setback for the altcoin market. We all know that next year we will have a bull run so I don't think just because there is a SEC lawsuit against big exchange means that this will go on till next year. On the other hand, this is a great opportunity to continue to stack those coins that is going on the downside right now. And then just wait for next year, as it might give everyone a good profits and then thank SEC later for their lawsuit because the price is cheap right now.

[Iadegbola34]

The recent SEC lawsuit really shook things up. It's definitely a concerning situation, especially for BNB. I can understand why you're worried about its future. As for a solution, it's hard to predict, but I believe the crypto community will continue to find ways to adapt and overcome challenges. Governments may pose hurdles, but I think cryptocurrencies will keep evolving. Stay positive! 🚀

[bussybuddy]

(...)

As you have noticed, the SEC's move against Binance and related changes to crypto laws is a complex matter and can have a significant impact on the crypto market. Even though the current situation is very worrying, don't get too worried and should stay calm and assess situations objectively to make the smartest investment decisions. Regarding the fact that BNB is falling in price and its future may be affected, we need to be concerned with what measures Binance and the SEC can take to solve the problem. Binance may seek to explain and provide more detailed information about its activities to the SEC to help improve the relationship between the two parties and resolve governmental disputes. The SEC may also consider various measures to ensure safety and transparency for investors.

Regarding whether governments are winning the war against cryptocurrencies, this is still ongoing and it is impossible to accurately predict the outcome of this war. The cryptocurrency industry is still growing strongly with the support of many countries and large corporations, so investors need to properly assess the situation and make smart and careful investment decisions. important.

[Husires]

I checked the Bitcoin price and did not find a decrease. What is happening is a natural price movement, perhaps due to panic or panic, but the price is in its normal place.
The value of BNB decreased by more than 22%, which is a large percentage, but its price is in the hands of binance, they can burn a lot of it and the price will return again. the reaction of binance and the subsequent steps that it will take are what will determine the future of this currency.
I advise you to stay away from it for the time being and see how the company will act.

[bluebit25]

SEC lawsuit caused massive market crash

It's not that the collapse simply looks at it as a bad period for the rich, and it becomes more difficult to make profitable investments, looking at the overall state of the market, I don't think it will end anytime soon. . And this is not the first time that the SEC has taken action against crypto companies, to me it simply looks like a lot of events have taken place, maybe like a sell-off going on, but in terms of Positively, this should also be viewed as an opportunity to accumulate more different cryptos.

[LogitechMouse]

~
The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

The whole company has been thru a lot of problems already regarding different institutions in the past years, and this is just one of the problems that they will be facing now, and in the future.

Though I'm very optimistic that they can overcome this one, there is this kind of thinking in the back of my mind where I'm thinking "What if they will shut down because of this?". What will happen to them? What will happen to many Binance users, and knowing that they are the most popular Centralized exchange currently, for sure that the effect of this one will be much greater than that of FTX.

I guess the best thing to do right now is to "DO NOTHING". BNB is down, market is down. If you have spare money to buy then I guess you can buy coins right now, but if not then it's better to be patient, maybe don't look at the news for a moment, and relax yourself. As for me, this will be just another negative news that's happening in the crypto space on a weekly to monthly basis. I've seen many of these already, and yes the market is affected in different ways, but in the end, it will just go up like what always happen.

[Yogee]

[....]
I think it's more a speculative move ,especially many altcoins dump is huge,

There may be some who speculated but it's not as simple as that. What would you do if you are from the US and the exchanges says you can no longer trade your altcoins after a certain date since it's been flagged as a security? It's only natural that you would also sell them all before it's delisted and then convert it to other crypto not considered as security like BTC or ETH.

[Reatim]

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

Binance team will not give that easy and surely if things go wrong then settlement will takes place as they are one of the biggest business in crypto world and will not let things end like that.
what we need to seek is their action in the coming days as things gets worrying nowadays.
but for sure this will never come to closure of Binance exchange or dying of Binance coin .

[adaseb]

Remember right after Ftx went bust, CZ said that Binance is huge and most likely will be highly targeted and he was correct.

The amount of fud and bad news thrown at binance and CZ since FTX is crazy. But they are still here.
So I think BNB still has value and utility. However most likely no US people will be able to hold that token if they forbid it.

[Freddie Boyer]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

The future of any cryptocurrency, including Binance Coin (BNB), is influenced by many factors. I too as a user also remain cautious and informed because I think Cryptocurrencies remain a dynamic and evolving space, and their long-term impact will be shaped by a variety of factors, including regulatory developments and market dynamics. I'm sure everything will be resolved, usually if there is action there will be a reaction.

[Argoo]

Frankly, these lawsuits filed by the SEC did not add too badly to the market. At least there were no serious declines. Except for cryptocurrencies. But if the sanctions continue to increase in the future, then serious decreases will occur. It is useful to follow the market during this period, and these sharp declines can be an exit point for you and it may be inevitable that new millionaires will emerge.

It is a little strange that the SEC did not wait for the final court decision on his lawsuit against Ripple Labs. It is this decision that will significantly affect the fate of all other similar SEC lawsuits. Does the SEC hope that it will win this lawsuit? Otherwise, filing other almost similar lawsuits about the use of other cryptocurrencies is pointless. The bad thing is that the US government and legislators do not yet have a clear position on this issue and the SEC is on the path of developing judicial practice. But this is a very long way and therefore this situation will negatively affect the general state of the cryptocurrency market.

[woez]

Remember right after Ftx went bust, CZ said that Binance is huge and most likely will be highly targeted and he was correct.

The amount of fud and bad news thrown at binance and CZ since FTX is crazy. But they are still here.
So I think BNB still has value and utility. However most likely no US people will be able to hold that token if they forbid it.

CZ did have a strong hunch. Concerning the potential restrictions on US individuals holding BNB tokens in the event of regulatory action should not be discounted. Regulatory restrictions can indeed affect the accessibility and market reach of certain tokens, as seen in other cases. I think it's wise to monitor developments in the regulatory landscape and assess how that might affect the availability of BNB to US investors.

[LbtalkL]

As I have observed for several years and learned about crypto these fuds, attacks, etc. are always there and we can't avoid them. Of course, some exchanges can't survive and are forced to shut down but they can't shut down cryptocurrency as a whole. These are just small trials on our long journey ahead. I am new to this industry I've been here in 2 bullrun 2017 and 2021 if I'm not mistaken and these fuds keeps coming from either china, US, or other countries releasing bans on crypto, etc. But when the bullrun and bitcoin halving is nearing they are releasing a train of good news for crypto.
Specifically on Binance case, I trust CZ will resolve it. check No. 4 on CZ tweet. https://twitter.com/cz_binance/status/1610018096122851328

[Wexnident]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

I don't think there's anything wrong with the crash, Binance is on fire right now after all. Bitcoin luckily not dropping down after all that Binance news is good, it means market isn't dumb enough again like in the FTX issue.

As for the issue itself, It's mostly the SEC having some problems with Binance no? Same with Coinbase. I think most people are just overreacting imo, it shouldn't really impact crypto in the long run. Binance getting hit? Then they'd simply be replaced, simple as that. The solution would simply be to fix whatever the SEC is trying to attack, in this case, I think it was mingling with user funds and registration for SEC? Might be more but idk, if Binance can't answer the allegations, then they go under. If they can, then things would continue as is.

[BaeSuzy]

If binance lose in this case then we gonna see another crash in this year. Binance is the biggest market in the cryptocurrency so if they fall, then it gonna make all of the big coins especially BSC coin drop too. In this case binance isn't alone, i guess most of the crypto investor stay on the side of binance.

[Xal0lex]

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

I don't consider BNB to be in a free fall. Last year it went down to $200 and found good support there. If you look at the chart, you will see that this is a serious support level and it has been tested many times since early 2021. Consequently, if the price does not fall below $200, then there is no serious reason to worry and it is just a prolonged correction. If the price drops below $200, it will mean a free fall down to levels no one knows about. You are too early to panic, nothing bad has happened yet.

[danherbias07]

Well, XRP is still battling against them and their value has not depreciated that much. As long as there are supporters, they will surely keep on living. But the effect that it will bring to the market though should not be ignored.
BNB, I always think this coin is one of the strongest there is next to Bitcoin and Ethereum so I highly doubt that whoever in the government is trying to topple it will be successful. We also know CZ will fight this no matter what.
There had been a big movement and I think those are the investors who expected the price to go down so they liquidate their investments. But they will be back, that I am sure. It's not like BNB is a trash coin that will just be forgotten after a sell-off, maybe they just want their funds secured or make money out of this movement until everything is cleared again. It's a good strategy for those who are storing a lot of the said coin but when they will come back is another question, perhaps when we see some light at the end of the tunnel or before this issue is resolved. SEC is good at shaking the crypto market, that's all they can do when they get bored.

[Kemarit]

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

I don't consider BNB to be in a free fall. Last year it went down to $200 and found good support there. If you look at the chart, you will see that this is a serious support level and it has been tested many times since early 2021. Consequently, if the price does not fall below $200, then there is no serious reason to worry and it is just a prolonged correction. If the price drops below $200, it will mean a free fall down to levels no one knows about. You are too early to panic, nothing bad has happened yet.

Technically yes, it's not yet on the free fall, and just like Bitcoin, it has it's fair share of the price declining regardless if there was a case against Binance. Remember that we are still in the bear market so technically prices should be down at least.

And we can see that majority of the altcoins are around 80%-90% down, which is about the numbers in a bear market. I guess the question is that if this happens if the bull run, will Binance and BNB and other altcoins mentioned in the lawsuit will have a downfall or not?

[Ultegra134]

I checked the Bitcoin price and did not find a decrease. What is happening is a natural price movement, perhaps due to panic or panic, but the price is in its normal place.
The value of BNB decreased by more than 22%, which is a large percentage, but its price is in the hands of binance, they can burn a lot of it and the price will return again. the reaction of binance and the subsequent steps that it will take are what will determine the future of this currency.
I advise you to stay away from it for the time being and see how the company will act.

Bitcoin's price has certainly fallen but not as much as other coins, it's currently ranging between $25,000 and $25,800, while it used to be over $28,000. From my point of view, its fall isn't that significant or worrying, Bitcoin is currently the least of my worries, it wouldn't go down just because SEC is after cryptocurrencies.

Well, XRP is still battling against them and their value has not depreciated that much. As long as there are supporters, they will surely keep on living. But the effect that it will bring to the market though should not be ignored.
BNB, I always think this coin is one of the strongest there is next to Bitcoin and Ethereum so I highly doubt that whoever in the government is trying to topple it will be successful. We also know CZ will fight this no matter what.
There had been a big movement and I think those are the investors who expected the price to go down so they liquidate their investments. But they will be back, that I am sure. It's not like BNB is a trash coin that will just be forgotten after a sell-off, maybe they just want their funds secured or make money out of this movement until everything is cleared again. It's a good strategy for those who are storing a lot of the said coin but when they will come back is another question, perhaps when we see some light at the end of the tunnel or before this issue is resolved. SEC is good at shaking the crypto market, that's all they can do when they get bored.

XRP is a complicated matter, it still hasn't resolved its previous issues and is now facing another challenge. I wouldn't be surprised if it ultimately losses the battle. BNB isn't a trash coin but as we've already noticed, all coins are subject to volatility when such issues arise.

I don't consider BNB to be in a free fall. Last year it went down to $200 and found good support there. If you look at the chart, you will see that this is a serious support level and it has been tested many times since early 2021. Consequently, if the price does not fall below $200, then there is no serious reason to worry and it is just a prolonged correction. If the price drops below $200, it will mean a free fall down to levels no one knows about. You are too early to panic, nothing bad has happened yet.

Well, maybe not yet, but personally seeing it drop like a stone from $300 to $230, then it's a great difference if you ask me. There are a few so-called analysts claiming that BNB might be susceptible to fall below $200, which would be disastrous and would cause a huge selloff.

[Coinworld.story]

Everyone in the crypto community should know that the possible follow-up to this lawsuit will create massive corrective waves in the future. This must be considered and able to manage their assets, because I honestly thought that the first news about the lawsuit that should be the right opportunity to liquidate funds. But if not as calculated, this can be a big loss.

[kesmex]

Remember right after Ftx went bust, CZ said that Binance is huge and most likely will be highly targeted and he was correct.

The amount of fud and bad news thrown at binance and CZ since FTX is crazy. But they are still here.
So I think BNB still has value and utility. However most likely no US people will be able to hold that token if they forbid it.

CZ did have a strong hunch. Concerning the potential restrictions on US individuals holding BNB tokens in the event of regulatory action should not be discounted. Regulatory restrictions can indeed affect the accessibility and market reach of certain tokens, as seen in other cases. I think it's wise to monitor developments in the regulatory landscape and assess how that might affect the availability of BNB to US investors.

The impact if BNB loses is indeed very large, because the marketcap on the Binance exchange is very large,
it can even reach half of the marketcap read on coinmarketcap,
especially with the bankruptcy of several other exchanges such as FTX, Bittrex, and Hotbit making the bitcoin market even more threatened.

[riskarcher]

Seems like is not SEC vs Crypto anymore but SEC vs The World, i'm really not understand why they do that with Altcoin who have potential for the growth in the future, i think SEC is scared due to Dollar is weakning, Coinbase and Binance now targeted. Hopefully after the session of XRP with SEC is done, All crypto will againts to SEC because XRP know how to beat SEC. For this situation hold is better than we watch portofolio especially BNB, SOL and MATIC it' make frustrating when i'm see money was decrase, atleast i'm still buy these coin  without caring market crash because i'm belive market will recover

[bittraffic]

Well, maybe not yet, but personally seeing it drop like a stone from $300 to $230, then it's a great difference if you ask me. There are a few so-called analysts claiming that BNB might be susceptible to fall below $200, which would be disastrous and would cause a huge selloff.

$190 I think could be its last bottom price. This crash is yet not over because the market may just keep dragging the price down below that support level. But once its going up, it may also break that $300 resistance as well.

I think we are already seeing the last string that SEC is trying to pull from crypto market. They are going all in beyond this, there is nothing more Gensler can do. Only Binance.us is where he could affect.

[flyingcarpet]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

If this case turns out to be positive, we cannot even predict the price increase of the mentioned coins. We should also consider the negative side and take precautions on our own. Everyone has more or less invested in these coins. I don't think there is a major collapse at this level. Drops in these rates happen all the time in crypto. Bitcoin did not have a negative impact on this case. Still standing firm. It will return strong on BNB. If Binance has done something wrong, it should do the right thing and go back to its old days.

We are at a very early stage right now. The decline in crypto as a result of different news it could be. The real issue here is whether we are going to buy in this decline and lower the average or do we sell some.

[o48o]

I checked the Bitcoin price and did not find a decrease. What is happening is a natural price movement, perhaps due to panic or panic, but the price is in its normal place.
The value of BNB decreased by more than 22%, which is a large percentage, but its price is in the hands of binance, they can burn a lot of it and the price will return again. the reaction of binance and the subsequent steps that it will take are what will determine the future of this currency.
I advise you to stay away from it for the time being and see how the company will act.

Burning it more often then originally scheduled would be another nail for the Binance as that would be market manipulation and even more ammo to SEC. And if i even i know this you can bet that binance advisors would be against that move. If you think that price won't recover without price manipulation, you should definitely sell or short because Binance will be very careful about their next steps as they are preparing for the court. I am just glad that it's one of the few players that has budget to fight.

[davide72]

If binance lose in this case then we gonna see another crash in this year. Binance is the biggest market in the cryptocurrency so if they fall, then it gonna make all of the big coins especially BSC coin drop too. In this case binance isn't alone, i guess most of the crypto investor stay on the side of binance.

Binance has nothing to dowith Bitcoin and Altcoins, if Binance has done something illegal it is right that it pays. Then I think that if the btc will make a good crash I think it is a good opportunity for many to buy BTC at a lower price.

[poodle63]

If binance lose in this case then we gonna see another crash in this year. Binance is the biggest market in the cryptocurrency so if they fall, then it gonna make all of the big coins especially BSC coin drop too. In this case binance isn't alone, i guess most of the crypto investor stay on the side of binance.

Binance has nothing to dowith Bitcoin and Altcoins, if Binance has done something illegal it is right that it pays. Then I think that if the btc will make a good crash I think it is a good opportunity for many to buy BTC at a lower price.

SEC has different perspective about that. That's why binance already sued by SEC. i think that you can try to see the fact that again if binance is now in a difficult situation after it has been sued by SEC.

Binance us has been halting its service. that means US will not able to buy crypto.

[Ziskinberg]

....
The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

We could understand the worrying sentiment of the holders making it selling off of their BNB and until such an issue isn't resolved yet, free fall will continue and the worse when the exchanges themselves announce shutdown.

And there is no other solution to this aside from Binance will secure all the necessary things needed by the SEC in order to prove that they don't involve any criminal activities or fraud. I know SEC is targetting big exchanges like Binance and they are very aggressive with that. But something we need to know is that money is more powerful than anything in this world today as when it talks, it will be done.

[killerfrost]

Looking at what is happening in the market I can understand the mood of crypto investors who are losing and panicking, this is an undesirable thing to happen in this market but it has been happening. However, if you really look closely at the problem, perhaps realizing that this is also part of the market and unavoidable, nothing goes up forever and nothing goes down forever. In the long term, my trust with btc as well as crypto has not changed, continue to accompany and monitor everything, I also have some plans to buy and hold btc as well as some altcoins.

[karabiber]

Looking at what is happening in the market I can understand the mood of crypto investors who are losing and panicking, this is an undesirable thing to happen in this market but it has been happening. However, if you really look closely at the problem, perhaps realizing that this is also part of the market and unavoidable, nothing goes up forever and nothing goes down forever. In the long term, my trust with btc as well as crypto has not changed, continue to accompany and monitor everything, I also have some plans to buy and hold btc as well as some altcoins.

These events should not be a part of the market. Although the crypto markets were independent the eyes of the world economy were always on this market. That’s why the movements and steps taken must be very careful. Among the SEC's 13 complaints are CZ's control of the operations of Binance US, which should be independent, merging the company's client and corporate funds and artificially inflating trading volumes. According to the SEC's complaint, Binance transferred customer funds to institutional accounts managed by Binance CEO Changpeng Zhao.

The claim is seen as one of the most important among 13 complaints filed by the SEC and the U.S. Commodity Futures Trading Commission (CFTC). Binance US is under serious accusations that cannot be taken lightly. Let's see if CZ can pull through this time. One of CZ's key weapons, BNB is in free fall at the time. I think that all these developments will not affect Btc and Eth much. The situation is more critical for BNB and altcoins and I think the bull will come if CZ can defend himself from the charges and come clean.

[blockman]

Looking at what is happening in the market I can understand the mood of crypto investors who are losing and panicking, this is an undesirable thing to happen in this market but it has been happening.

Most of the ones that are losing and panicking are new in the market. They haven't experienced this before and that's why they're feeling like that. Although they don't see this coming, it's such a nice experience for them to have it firsthand before the actual bull run comes.

However, if you really look closely at the problem, perhaps realizing that this is also part of the market and unavoidable, nothing goes up forever and nothing goes down forever. In the long term, my trust with btc as well as crypto has not changed, continue to accompany and monitor everything, I also have some plans to buy and hold btc as well as some altcoins.

We better take it like that, everything that happens now is part of the market and we can't stop it from happening. So, we need to adopt and we should plan our ways of dealing it. While the market is dropping down, we can buy as much as the market's concern if it's still not up.

[Xal0lex]

I don't consider BNB to be in a free fall. Last year it went down to $200 and found good support there. If you look at the chart, you will see that this is a serious support level and it has been tested many times since early 2021. Consequently, if the price does not fall below $200, then there is no serious reason to worry and it is just a prolonged correction. If the price drops below $200, it will mean a free fall down to levels no one knows about. You are too early to panic, nothing bad has happened yet.

Technically yes, it's not yet on the free fall, and just like Bitcoin, it has it's fair share of the price declining regardless if there was a case against Binance. Remember that we are still in the bear market so technically prices should be down at least.

And we can see that majority of the altcoins are around 80%-90% down, which is about the numbers in a bear market. I guess the question is that if this happens if the bull run, will Binance and BNB and other altcoins mentioned in the lawsuit will have a downfall or not?

If bitcoin does not renew its bottom, then BNB will also keep its support at the $200 level. I agree that we are still in a bear market, but it is unclear which part of it. I'm more inclined to say the final part. And unless there is some major economic upheaval or a major scam of some famous crypto project, we will probably keep these current low values, which were formed last year.

[yazher]

After Binance carefully followed its rules and regulations, the SEC ended up still ruining Binance's market because it cannot fully control the crypto market. If Binance cannot be free from this kind of pressure from those Greedy Sec, I think other small exchanges need to consider cleaning everything inside because once the SEC will know they have some anomaly inside they will not get out with it and they might gonna ruined their reputations and will completely close their service due the SEC's lawsuits.

[Apocollapse]

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

Any centralized exchange would collapse and get replaced with the new one, similar like FTX and FTX token price is become worthless now. Well maybe CZ will find the solution, but maybe not, after all holding BNB or centralized coin for long term have a very high risk.

Government could win the war against cryptocurrencies and they can ban all cryptocurrencies, but as we know we can still trade a decentralized coin via P2P or decentralized exchange.

[NotATether]

SEC may be able to chase down exchanges but they can't do anything against crypto (except for obvious rugpulls that we're never meant to be crypto but a straight cash grab). 

[krava22]

If we concider regulations as 'winning' goverment will get it sooner or later

[gaston castano]

are they doing this on purpose to make the market go down, if indeed binance is down. this will have a huge impact on the crypto market as binance is the biggest crypto exchange right now.

[Ultegra134]

$190 I think could be its last bottom price. This crash is yet not over because the market may just keep dragging the price down below that support level. But once its going up, it may also break that $300 resistance as well.

I think we are already seeing the last string that SEC is trying to pull from crypto market. They are going all in beyond this, there is nothing more Gensler can do. Only Binance.us is where he could affect.

$190 isn't too bad if the fall stops there, will it however? So far, its progress look promising, the bottom stopped at approximately $225 and is already making a minor recovery, by reaching $242 already. Outstanding if you ask me, I wasn't expecting any kind of recovery anytime soon.

If this case turns out to be positive, we cannot even predict the price increase of the mentioned coins. We should also consider the negative side and take precautions on our own. Everyone has more or less invested in these coins. I don't think there is a major collapse at this level. Drops in these rates happen all the time in crypto. Bitcoin did not have a negative impact on this case. Still standing firm. It will return strong on BNB. If Binance has done something wrong, it should do the right thing and go back to its old days.

We are at a very early stage right now. The decline in crypto as a result of different news it could be. The real issue here is whether we are going to buy in this decline and lower the average or do we sell some.

How can it turn positive though? Someone will ultimately need to withdraw, and the SEC doesn't look like it's going to back down that easy. It's still at a very early stage to speculate, but things aren't going to turn out okay if there's no solution found.

If bitcoin does not renew its bottom, then BNB will also keep its support at the $200 level. I agree that we are still in a bear market, but it is unclear which part of it. I'm more inclined to say the final part. And unless there is some major economic upheaval or a major scam of some famous crypto project, we will probably keep these current low values, which were formed last year.

That's not going to happen, Bitcoin isn't that affected by the whole incident, it's doubtful that we'll see a new bottom for Bitcoin. Thus, there's still a decent chance to see a stop in this bloodbath, it's already looking quite positive, but let's not speculate just yet, it's too early to make accurate assumptions.

[zonefloor]

Frankly, these lawsuits filed by the SEC did not add too badly to the market. At least there were no serious declines. Except for cryptocurrencies. But if the sanctions continue to increase in the future, then serious decreases will occur. It is useful to follow the market during this period, and these sharp declines can be an exit point for you and it may be inevitable that new millionaires will emerge.

It is a little strange that the SEC did not wait for the final court decision on his lawsuit against Ripple Labs. It is this decision that will significantly affect the fate of all other similar SEC lawsuits. Does the SEC hope that it will win this lawsuit? Otherwise, filing other almost similar lawsuits about the use of other cryptocurrencies is pointless. The bad thing is that the US government and legislators do not yet have a clear position on this issue and the SEC is on the path of developing judicial practice. But this is a very long way and therefore this situation will negatively affect the general state of the cryptocurrency market.

In the current market conditions, ripple is standing tall. Despite the lawsuits. If ripple wins the case and somehow manages to justify himself, I think he will do at least x10 in the next bull run. I think he will win the case. I have no idea what the SEC is trying to do right now, but I think you are following litigation policies due to government pressure and the principle of confidentiality is being tried to be removed.

[Bolivar_Tony]

The SEC lawsuit against Binance has caused a major market crash, especially hitting BNB hard. It's worrying, and the future of BNB looks uncertain unless a solution is found. It remains to be seen if governments will have the upper hand in the crypto world.

[Ojima-ojo]

The SEC lawsuit against Binance has caused a major market crash, especially hitting BNB hard. It's worrying, and the future of BNB looks uncertain unless a solution is found. It remains to be seen if governments will have the upper hand in the crypto world.

The short term negative impact of the law suit against binance on BNB is greatly felt and those that are holding bnb are at lose right now but that will mostly affect those that are in for short-term position in the coin and have the liquidation price close this will end their positions at a loss.


But for those that are holding BNB for long-term asset holding, there have nothing to worry about as we are sure that BNB will recover in its price anytime soon when the wave of this crisis dies down and the exchange recovers from that, BNB is a utility coin and Binance is it biggest liquidity provider since BNB is used to pay fees on the instance smart chain.

[cryptoaddictchie]

I’m wondering if Binance will leave the US market, are they can still work well?
US SEC are the only problem to cryptomarket while the other countries are not doing any pressure against the top exchanges. Binance will survive on this, though its better to wait for the real bottom of the price since there’s a chance for Binance to go lower $200 again, its sad but this might be the next price for BNB.

Could hit a big blow though but Binance could actually survive without US. I dont think they will stop or be stopped at this point. Its those guys from the US cant live without Binance I suppose (crypto maxi). They will need to do more on dexes if in any event most crypto exchange leave the US territory. If thats what they want then so be it. But I doubt there are hindrances on that. This Gary Gensler will have a lot of oppressors for sure.

[lalabotax]

Yes, this does always happen. Not just this time, but several times the SEC has had a very high influence on the crypto market. What's more, this time the target is Binance and Coinbase, both of which are big exchanges. So that many parties feel worried and there are also several parties who take advantage of this moment to spread FUD even more, so that they can get crypto prices even cheaper. This happens frequently and will not stop, it looks like the SEC is looking for new targets again. What is their true purpose?

[CapGelatik]

The SEC is indeed now an enemy of crypto currency projects, XRP, Solana, Binance, and Coinbase are now fighting for their justice,
who knows what will happen in the future, but from this case we know that the impact on the crypto market is very large and even causes altcoins to fail to bullish,
Let's hope that good news from China comes again and makes the SEC understand that cryptocurrencies are not a threat.

[Rampagoe004]

I'm sure Binance will find a solution to this problem soon. They weren't scammer like Terra. What I think is we just need to hold our coins. No need to panic and then do a sell attack.
A few days ago I read in the news that dApps like ImToken have made some updates to comply with SEC laws. I believe Binance will also do the same.

[Bolivar_Tony]

I’m wondering if Binance will leave the US market, are they can still work well?
US SEC are the only problem to cryptomarket while the other countries are not doing any pressure against the top exchanges. Binance will survive on this, though its better to wait for the real bottom of the price since there’s a chance for Binance to go lower $200 again, its sad but this might be the next price for BNB.

The recent SEC lawsuit has had a significant impact on the market, causing a massive crash. It's a challenging situation, and its implications for the future of cryptocurrencies remain uncertain because we don't know who is next.

[Teraboy]

I'm sure Binance will find a solution to this problem soon. They weren't scammer like Terra. What I think is we just need to hold our coins. No need to panic and then do a sell attack.
A few days ago I read in the news that dApps like ImToken have made some updates to comply with SEC laws. I believe Binance will also do the same.

well whether it gonna gets solved not in binance hands, we should just observe the outcome of the lawsuit and already be prepared for the worst that is if all investment went downhill we should have something to mitigate that, after all no one knows the end results.

[merekamo]

Reason for this market crash is the uncertainty and fear surrounding the SEC's actions against Binance and the potential consequences for the entire crypto market. Investors are worried about the outcome of the lawsuit and the possibility of Binance losing or not reaching a settlement. This has led to panic selling, driving the prices of BNB and other affected altcoins down.

Personally, I believe that the current situation is indeed becoming worrisome. If Binance loses the lawsuit and there's no settlement, it could have disastrous consequences for the market in general. The SEC's actions may lead to stricter regulations and reduced investor confidence in the crypto market. It is essential for the industry to address these concerns and work towards establishing a more transparent and regulated environment to ensure long-term stability and growth. Now, 14th June BNB raise again.

[IvugeoEvolutionCoin]

I’m wondering if Binance will leave the US market, are they can still work well?
US SEC are the only problem to cryptomarket while the other countries are not doing any pressure against the top exchanges. Binance will survive on this, though its better to wait for the real bottom of the price since there’s a chance for Binance to go lower $200 again, its sad but this might be the next price for BNB.

The recent SEC lawsuit has had a significant impact on the market, causing a massive crash. It's a challenging situation, and its implications for the future of cryptocurrencies remain uncertain because we don't know who is next.

Yes we have to see what the end of it is now. We have to wait to see the end. But I think the SEC case may cause some problems in the market. Cryptocurrencies have a lot of problems after a few days. But what will happen now?  Can't. Hope the SEC case is resolved very soon.

[Sebas.tian]

I don't think, binance will fail in this challenge because they have what it takes to ensure their customers will not regret with the trust they have for them than to do everything possible to make their next move be a favourable one to their investors. Those coins you mentioned, I don't think their teams will allow their coins to go down like the way some coins went down forever than to do something that will make securities exchange commission to withdraw the case against them so that there will be love and progress among them. I don't think, it is the lawsuit that is causing this bearish market, because the dumping started early last year 2022 that made the price of binance to hit $300 before it decreased to $233 this period.

[Oasisman]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

Normal market reaction when an exchange is being sued by the SEC as people are gonna worry about lossing their asset if Binance won't be able to win the lawsuit against them.

https://www.google.com/amp/s/www.coindesk.com/policy/2023/06/13/us-judge-rebuffs-sec-request-for-binanceus-asset-freeze-for-now/%3foutputType=amp

With the judge allowing Binance to continue business as usual and rejecting the SEC request to freeze assets within the platform, more people will become skeptical and might sell their asset in order to again, avoid the possibilities of lossing their assets.
So, we might be expecting more free fall in the next coming days.

[justdimin]

In the current market conditions, ripple is standing tall. Despite the lawsuits. If ripple wins the case and somehow manages to justify himself, I think he will do at least x10 in the next bull run. I think he will win the case. I have no idea what the SEC is trying to do right now, but I think you are following litigation policies due to government pressure and the principle of confidentiality is being tried to be removed.

Doesn't really matter, winning this lawsuit could only open up the door for more lawsuits, there is no shortage of starting a case, and they will get the whole book thrown at them as long as they continue with the current system. They are a company that printed their own money, do you think that USA would allow a company to just create their own money, there are a ton of legal hoops to go through before you can do that, hell mcdonalds had problems with bigmac coin let alone a ripple company doing XRP, that one was just for a burger alone.

This is why I believe that we shouldn't be really expecting Ripple to come out clean from this, there is no way they can be not guilty, because what they are doing is against the law and has been for a while and one day or another they will be punished for it.

[zasad@]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

Normal market reaction when an exchange is being sued by the SEC as people are gonna worry about lossing their asset if Binance won't be able to win the lawsuit against them.

https://www.google.com/amp/s/www.coindesk.com/policy/2023/06/13/us-judge-rebuffs-sec-request-for-binanceus-asset-freeze-for-now/%3foutputType=amp

With the judge allowing Binance to continue business as usual and rejecting the SEC request to freeze assets within the platform, more people will become skeptical and might sell their asset in order to again, avoid the possibilities of lossing their assets.
So, we might be expecting more free fall in the next coming days.

This is only a civil lawsuit, and given the financial capacity of the Binance exchange, such lawsuits can take a long time. If the prosecutor’s office initiates a criminal case, then this will be a stronger factor for altcoin prices to fall.In ticky situations, it is dangerous to store your coins on exchanges. Criminal prosecution may entail more restrictions.

[SlimShadyMmp]

I think personally Binance are prepared to take the battle with SEC Yesterday ruling was a clear sign that they are ready for them Also SEC is not willing to cool it so I think it present so sort of twisted scenario for both of them Binance has so many lawsuits that can be bad for BNB like really really bad I think investors are just been cautious No one need the grief 

[poodle63]

I think personally Binance are prepared to take the battle with SEC Yesterday ruling was a clear sign that they are ready for them Also SEC is not willing to cool it so I think it present so sort of twisted scenario for both of them Binance has so many lawsuits that can be bad for BNB like really really bad I think investors are just been cautious No one need the grief 

So much money has been prepared for that. We can only wait and see what kind of action will be taken by binance. I think that we will see binance will be going to the court to face SEC like XRP.

I hope that this problem will be solved as soon as possible.

[Xal0lex]

If bitcoin does not renew its bottom, then BNB will also keep its support at the $200 level. I agree that we are still in a bear market, but it is unclear which part of it. I'm more inclined to say the final part. And unless there is some major economic upheaval or a major scam of some famous crypto project, we will probably keep these current low values, which were formed last year.

That's not going to happen, Bitcoin isn't that affected by the whole incident, it's doubtful that we'll see a new bottom for Bitcoin. Thus, there's still a decent chance to see a stop in this bloodbath, it's already looking quite positive, but let's not speculate just yet, it's too early to make accurate assumptions.

It may be just beginning. The incident has not had a strong impact because it may not have fully occurred yet. So far we see only some attacks and accusations. If the attacks escalate into active criminal cases, bans and all-out harassment, the market may react in the most unimaginable way. I believe that right now the conflict has not yet died down and, things are still to come and the worst may await us within a year or so.

[WalkerIVIV]

and its just the beginning, i wonder how much the lawsuit will affect the market in the long run, it seemed that everyone attention are around the lawsuit that
every gesture caused market to make movement in which affect the price greatly.

[kesmex]

and its just the beginning, i wonder how much the lawsuit will affect the market in the long run, it seemed that everyone attention are around the lawsuit that
every gesture caused market to make movement in which affect the price greatly.

We can't blame news from the SEC for causing a dump on the crypto market,
because this is a bear market so all bad news that comes will cause a dump, we can't avoid it, so make sure to monitor what's going on,
maybe you can monitor it on Twitter because whatever always appears there is the fastest.

[Kemarit]

and its just the beginning, i wonder how much the lawsuit will affect the market in the long run, it seemed that everyone attention are around the lawsuit that
every gesture caused market to make movement in which affect the price greatly.

We can't blame news from the SEC for causing a dump on the crypto market,
because this is a bear market so all bad news that comes will cause a dump, we can't avoid it, so make sure to monitor what's going on,
maybe you can monitor it on Twitter because whatever always appears there is the fastest.

What if they don't sue Coinbase or Binance? What do you think the price will be? It's a after effect of what they did that's why the altcoin market is suffering right now. Of course, we are in a bear market and we can't stop people from selling or not buying. But if we have this kind of uncertainty and attack on the whole crypto market is general, the price is going to suffer just like what we are seeing right now.

Just in the last 4 hours though, I still have to look as to what reasons the market is going down again. For example Bitcoin is going to hit it's support level of $25k, wherein prior to that, the price is trading above it and even $26,000 for sometime.

[Wiwo]

The lawsuit has affected the general cryptocurrency market and caused the price of most coins to crash with a drop in their price significantly,  but BNB is the most hit by this massive crash and it has been hard for the coin to recover since the drop even though coins like bitcoin is already shown some sign of recovery which is a good start and a show that the crisis is beginning to settle down and binance is already figuring out the way to solve the lawsuit and working towards having a balanced ground with the regulators and complying with all the regulatory framework that allows their smooth operation of the exchange.

What I can suggest right now is for all BNB holders to hold for a long and since the coin is a utility coin, its price will recover.

[Hypnosis00]

Yes, this does always happen. Not just this time, but several times the SEC has had a very high influence on the crypto market. What's more, this time the target is Binance and Coinbase, both of which are big exchanges. So that many parties feel worried and there are also several parties who take advantage of this moment to spread FUD even more, so that they can get crypto prices even cheaper. This happens frequently and will not stop, it looks like the SEC is looking for new targets again. What is their true purpose?

It does as people got worried about when they'll take action because many projects had stop from their operation. Now that Binance has an issue with the SEC, many people got in a panic about what will happen next and they are uploading their coins as fast as they can, even selling them at low prices. We can really neglect the huge impact it creates as it directly hits individual's minds especially those who are new in the crypto market as certainly doubts begin and all their positive mindset turns to negative.

[FrozenBit]

It reminds me of previous periods when bitcoin was up and the price was above $50,000, not many people would believe that BNB would go below $300. I remember some friends talking about the FTX crash, and then we also discussed the next thing with BNB and it could drop to under $100 with FUDs. And indeed up to now the issue of SEC and CZ with binance is negatively affecting this market, many people panic because the price falls, they lose in investment, it seems that the general psychology of the crowd is easier to dump more things. but are not alert enough to observe these news, among the risks will also appear opportunities for people to have a longer strategy with the market. For me, over time, binance will still maintain their position, and everything will become peaceful again.

[milewilda]

It reminds me of previous periods when bitcoin was up and the price was above $50,000, not many people would believe that BNB would go below $300. I remember some friends talking about the FTX crash, and then we also discussed the next thing with BNB and it could drop to under $100 with FUDs. And indeed up to now the issue of SEC and CZ with binance is negatively affecting this market, many people panic because the price falls, they lose in investment, it seems that the general psychology of the crowd is easier to dump more things. but are not alert enough to observe these news, among the risks will also appear opportunities for people to have a longer strategy with the market. For me, over time, binance will still maintain their position, and everything will become peaceful again.

We should really be making ourselves that realize that a market could really be having that bullish or bearish cycle which means that we could really be having that uprising movement but doesnt mean that it wouldnt really be having the opposite movement which is correction and extreme decrease of its price. This is why we should really be wise on making up some decisions whether we do sell or buy on particular moments but of course
there are people who are really that going for long term on which means that they dont really care if the market would really be pumping or dumping as long they could be able to accumulate coins on their bags
then that what matter the most.

About fundamentals whether exchange hacks or regulation news and other similar things then it isnt really that shocking that this market is really that highly reactive into these sentiments but somewhat its
not really all the time that reactive because there are moments on which it doesnt really care at all no matter how good or bad the news is.

[Bolivar_Tony]

t's understandable to feel concerned about the current market situation and the impact of the SEC lawsuit on Binance and BNB. The sharp decline in BNB's price and the labeling of multiple altcoins as securities indeed raises uncertainty. The future of BNB and the broader crypto market depends on the outcome of the lawsuit and potential settlements.

While it's challenging to predict the exact course of events, it's important to remember that the crypto industry has faced regulatory challenges before and has shown resilience. Governments are working to establish regulations in this evolving space, but it's not necessarily a sign of winning or losing a "war" against cryptocurrencies.

As an investor, it's advisable to closely follow the developments, exercise caution, and make informed decisions based on thorough research. The crypto market is known for its volatility, and it's crucial to be prepared for various scenarios while keeping emotions in check.

[SirLancelot]

The SEC lawsuit against Binance has caused a major market crash, especially hitting BNB hard. It's worrying, and the future of BNB looks uncertain unless a solution is found. It remains to be seen if governments will have the upper hand in the crypto world.

The lawsuit definitely showed its effect on the market since Bitcoin and every cryptocurrency started dropping right after the news started spreading across different social media platforms and online news portals. As you mentioned some tokens are affected more than others including BNB which has faced significant drops since SEC has announced that they will take Binance to court.

There are also some other bad news circulating in the industry which are causing the market to crash as well but because they are not as big as Binance and Coinbase being sued for some of their services. However, we will soon recover from that too.

[Ultegra134]

If bitcoin does not renew its bottom, then BNB will also keep its support at the $200 level. I agree that we are still in a bear market, but it is unclear which part of it. I'm more inclined to say the final part. And unless there is some major economic upheaval or a major scam of some famous crypto project, we will probably keep these current low values, which were formed last year.

That's not going to happen, Bitcoin isn't that affected by the whole incident, it's doubtful that we'll see a new bottom for Bitcoin. Thus, there's still a decent chance to see a stop in this bloodbath, it's already looking quite positive, but let's not speculate just yet, it's too early to make accurate assumptions.

It may be just beginning. The incident has not had a strong impact because it may not have fully occurred yet. So far we see only some attacks and accusations. If the attacks escalate into active criminal cases, bans and all-out harassment, the market may react in the most unimaginable way. I believe that right now the conflict has not yet died down and, things are still to come and the worst may await us within a year or so.

That's also my main concern, the situation still hasn't escalated and it'd be best if it stayed that way. The market isn't currently at its worst, we've seen worse crashes and bear periods.

It reminds me of previous periods when bitcoin was up and the price was above $50,000, not many people would believe that BNB would go below $300. I remember some friends talking about the FTX crash, and then we also discussed the next thing with BNB and it could drop to under $100 with FUDs. And indeed up to now the issue of SEC and CZ with binance is negatively affecting this market, many people panic because the price falls, they lose in investment, it seems that the general psychology of the crowd is easier to dump more things. but are not alert enough to observe these news, among the risks will also appear opportunities for people to have a longer strategy with the market. For me, over time, binance will still maintain their position, and everything will become peaceful again.

You're comparing two distinct scenarios; this isn't about spreading misinformation or spreading rumors; there's a legitimate case against the major exchange. It's perfectly normal and expected for prices to plummet during such a period. Thus, this isn't just rumors circulating about cryptocurrencies, but a government organization with an active lawsuit that has the potential to convert a dire scenario into a nightmare, without a single warning.

[Natalim]

The SEC lawsuit against Binance has caused a major market crash, especially hitting BNB hard. It's worrying, and the future of BNB looks uncertain unless a solution is found. It remains to be seen if governments will have the upper hand in the crypto world.

The lawsuit definitely showed its effect on the market since Bitcoin and every cryptocurrency started dropping right after the news started spreading across different social media platforms and online news portals. As you mentioned some tokens are affected more than others including BNB which has faced significant drops since SEC has announced that they will take Binance to court.

There are also some other bad news circulating in the industry which are causing the market to crash as well but because they are not as big as Binance and Coinbase being sued for some of their services. However, we will soon recover from that too.

People see it as a bad sign about a huge market crash and some are selling off their coins in order to anticipate such a crash. Of course, I may not say it was a bad decision but as we can see, the market isn't in worse condition so I think we don't have to worry too much as we know that FUDs cause declines but after this, it rise again. Nevertheless, might the price of Bitcoin will crash but I don't think it drops below $25k and it that will sustain, it means that many people still have the guts to hold than the number of investors who are weak.

[btc_angela]

The SEC lawsuit against Binance has caused a major market crash, especially hitting BNB hard. It's worrying, and the future of BNB looks uncertain unless a solution is found. It remains to be seen if governments will have the upper hand in the crypto world.

The lawsuit definitely showed its effect on the market since Bitcoin and every cryptocurrency started dropping right after the news started spreading across different social media platforms and online news portals. As you mentioned some tokens are affected more than others including BNB which has faced significant drops since SEC has announced that they will take Binance to court.

There are also some other bad news circulating in the industry which are causing the market to crash as well but because they are not as big as Binance and Coinbase being sued for some of their services. However, we will soon recover from that too.

People see it as a bad sign about a huge market crash and some are selling off their coins in order to anticipate such a crash. Of course, I may not say it was a bad decision but as we can see, the market isn't in worse condition so I think we don't have to worry too much as we know that FUDs cause declines but after this, it rise again. Nevertheless, might the price of Bitcoin will crash but I don't think it drops below $25k and it that will sustain, it means that many people still have the guts to hold than the number of investors who are weak.

Yeah, but it might be a blessing in disguise for crypto investors. There could be sellers now who might regret their decision to sell very early. On the other hand, those who buy in the crash, not just this crash alone, but last year when the price really drop down hard and some of the coins went to -90% from their last all time high. So those coins are going to be very cheap that time and now it presented another opportunity to buy when the news of Binance against SEC hits the market.

So in this kind of opportunity, we should really take advantage of it by buying and then maybe we can continue doing it thru DCA if your goal is long term. And obviously the best time to sell and take home profits is during the next bull run.

[imamusma]

So in this kind of opportunity, we should really take advantage of it by buying and then maybe we can continue doing it thru DCA if your goal is long term. And obviously the best time to sell and take home profits is during the next bull run.

Many people have advised everyone about it, but there is great doubt that altcoins are the asset they should choose. Experienced investors with big budgets will accumulate assets when the market crashes due to FUD, but most others will ignore them and are instead willing to wait for another downturn. They will be too late because in the end expectations are not met after the market recovers the same way every price dump.

Yes, you are right. Do DCA at the time of buy on dip, that's also recommended.

[Yamifoud]

So in this kind of opportunity, we should really take advantage of it by buying and then maybe we can continue doing it thru DCA if your goal is long term. And obviously the best time to sell and take home profits is during the next bull run.

Many people have advised everyone about it, but there is great doubt that altcoins are the asset they should choose. Experienced investors with big budgets will accumulate assets when the market crashes due to FUD, but most others will ignore them and are instead willing to wait for another downturn. They will be too late because in the end expectations are not met after the market recovers the same way every price dump.

Well, we can't force small players to act like whales and buy more Bitcoin. Because investing should be placed at the right time and it should be our will to do it as forcing ourselves when we are in doubt will end up in regrets and blaming, better to wait until we really have the courage to do it to avoid the undesirable end. With these FUDs circulating on the internet it makes people worry about the future of crypto and their mind is full of worries and negativity, and to give trust is very hard for them.

[bittick]

The SEC lawsuit against Binance has caused a major market crash, especially hitting BNB hard. It's worrying, and the future of BNB looks uncertain unless a solution is found. It remains to be seen if governments will have the upper hand in the crypto world.

The lawsuit definitely showed its effect on the market since Bitcoin and every cryptocurrency started dropping right after the news started spreading across different social media platforms and online news portals. As you mentioned some tokens are affected more than others including BNB which has faced significant drops since SEC has announced that they will take Binance to court.

There are also some other bad news circulating in the industry which are causing the market to crash as well but because they are not as big as Binance and Coinbase being sued for some of their services. However, we will soon recover from that too.

People see it as a bad sign about a huge market crash and some are selling off their coins in order to anticipate such a crash. Of course, I may not say it was a bad decision but as we can see, the market isn't in worse condition so I think we don't have to worry too much as we know that FUDs cause declines but after this, it rise again. Nevertheless, might the price of Bitcoin will crash but I don't think it drops below $25k and it that will sustain, it means that many people still have the guts to hold than the number of investors who are weak.

well that seemed to be true, there are many strong holders resisting against the dumpings.
right now the price looks quite good enough after the supposed to be fud has been released on every media and news outlet, though we don't know what gonna happen in the future, always be prepared I guess, after all such decrease in value usually happen in a blink of an eye.

[Blitzboy]

`

Yeah, but it might be a blessing in disguise for crypto investors. There could be sellers now who might regret their decision to sell very early. On the other hand, those who buy in the crash, not just this crash alone, but last year when the price really drop down hard and some of the coins went to -90% from their last all time high. So those coins are going to be very cheap that time and now it presented another opportunity to buy when the news of Binance against SEC hits the market.

So in this kind of opportunity, we should really take advantage of it by buying and then maybe we can continue doing it thru DCA if your goal is long term. And obviously the best time to sell and take home profits is during the next bull run.

Indeed, some investors anticipate a crash and opt for liquidation. But is that prudent? Your claim that Bitcoin wont plunge below $25k in a crash is audacious. Yet, given the crypto market' notorious volatility, its unwise to set such rigid limits. Markets dont adhere to our wishes, correct?

While crashes present an opportunity for acquisition at lower rates, one must tread carefully. Not all 'deals' justify the risk. The DCA strategy can be a safeguard, not an infallible solution

Selling during bull runs is traditional advice. However, pinpointing the onset of a bull run is like solving a complex puzzle. Who declares its commencement? Do we recognize it when we're in it? The crypto market' unpredictability calls for persistent skepticism.

[Xal0lex]

Indeed, some investors anticipate a crash and opt for liquidation. But is that prudent? Your claim that Bitcoin wont plunge below $25k in a crash is audacious. Yet, given the crypto market' notorious volatility, its unwise to set such rigid limits. Markets dont adhere to our wishes, correct?

That is an extremely optimistic statement if anyone thinks bitcoin is incapable of falling below 25k. It is not such an insurmountable level that it can be considered some kind of foundation that will never crack. In my opinion, a price of 20k looks much stronger than the 25k mark.

Selling during bull runs is traditional advice. However, pinpointing the onset of a bull run is like solving a complex puzzle. Who declares its commencement? Do we recognize it when we're in it? The crypto market' unpredictability calls for persistent skepticism.

The point is that people talk about bull cycles and selling during this period, but very few people can define the scope of this bull cycle, where it begins and where it ends. Usually it only becomes clear after the bull cycle is over.

[imamusma]

-

Well, we can't force small players to act like whales and buy more Bitcoin. Because investing should be placed at the right time and it should be our will to do it as forcing ourselves when we are in doubt will end up in regrets and blaming, better to wait until we really have the courage to do it to avoid the undesirable end. With these FUDs circulating on the internet it makes people worry about the future of crypto and their mind is full of worries and negativity, and to give trust is very hard for them.

Don't forget, bitcoins have real use cases so anyone who holds them seems to have a better sense of security than holding thousand of altcoin with no use cases as their investment. Bitcoin's apparent use as a currency and its increasing adoption rate have led many to believe that bitcoin has a better future than most altcoin.

If you know how bitcoin gives you the freedom to manage your own finances then you are probably very optimistic about the future. The bitcoin community is very strong, you seem have a bank in your hands with bitcoin, and you will very easily send money to any country without restrictions and long waiting times.

[Ultegra134]

`

Yeah, but it might be a blessing in disguise for crypto investors. There could be sellers now who might regret their decision to sell very early. On the other hand, those who buy in the crash, not just this crash alone, but last year when the price really drop down hard and some of the coins went to -90% from their last all time high. So those coins are going to be very cheap that time and now it presented another opportunity to buy when the news of Binance against SEC hits the market.

So in this kind of opportunity, we should really take advantage of it by buying and then maybe we can continue doing it thru DCA if your goal is long term. And obviously the best time to sell and take home profits is during the next bull run.

Indeed, some investors anticipate a crash and opt for liquidation. But is that prudent? Your claim that Bitcoin wont plunge below $25k in a crash is audacious. Yet, given the crypto market' notorious volatility, its unwise to set such rigid limits. Markets dont adhere to our wishes, correct?

While crashes present an opportunity for acquisition at lower rates, one must tread carefully. Not all 'deals' justify the risk. The DCA strategy can be a safeguard, not an infallible solution

Selling during bull runs is traditional advice. However, pinpointing the onset of a bull run is like solving a complex puzzle. Who declares its commencement? Do we recognize it when we're in it? The crypto market' unpredictability calls for persistent skepticism.

Certainly, no one can guarantee that Bitcoin won't fall below $25,000; it already fell a little below that a few days ago but recovered. As I've mentioned in another post, if the current SEC lawsuit progresses and we have further investigations and possibly the abandonment of the US market by Binance, then we're almost bound to see another crash, similar to the one that occurred with FTX. It may last a couple of weeks to a month or two, but eventually it'll recover. DCA is a decent solution to lower the risk, but it's not an infallible solution nonetheless. While this may seem like an opportunity to purchase BNB, for instance, the current situation isn't ideal.

[Abiky]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

It's very unfortunate to see how the SEC is reacting against this nascent industry. This will set back the US in terms of crypto adoption and innovation. If the regulating agency keeps pushing against crypto exchanges, they will abandon the country and move to a place where they're welcomed with open arms. Hong Kong and the UAE will be "eating the US' cake" faster than you can imagine. Crypto companies and startups already announced their intentions to move there.

Without the US market, I'd envision crypto market prices going down for an extended period of time. US-based customers will have to find a way to buy/sell crypto with USD through other means (P2P, OTC, etc) as there will be no mainstream exchange (CEX) left in the country. This might force the US-based crypto industry to go underground. BNB might've dipped in price, but it could only be temporary as Binance shuts its operations in the US for good. The question is: Are you buying the dip?

[rhomelmabini]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

It's very unfortunate to see how the SEC is reacting against this nascent industry. This will set back the US in terms of crypto adoption and innovation. If the regulating agency keeps pushing against crypto exchanges, they will abandon the country and move to a place where they're welcomed with open arms. Hong Kong and the UAE will be "eating the US' cake" faster than you can imagine. Crypto companies and startups already announced their intentions to move there.

Without the US market, I'd envision crypto market prices going down for an extended period of time. US-based customers will have to find a way to buy/sell crypto with USD through other means (P2P, OTC, etc) as there will be no mainstream exchange (CEX) left in the country. This might force the US-based crypto industry to go underground. BNB might've dipped in price, but it could only be temporary as Binance shuts its operations in the US for good. The question is: Are you buying the dip?

Well, they are driving innovation out of the country with these regulations but it's not that bad, the US market isn't the entire crypto market and there a lot of other countries that pushing for more transparent laws and regulations for crypto. I don't think Binance will left for good in the US, they even made a deal with the SEC already if you are following the news but it's likely an absurd deal if I will be the one being asked.

[Ultegra134]

The latest SEC lawsuit against Binance has caused a massive market crash, with BNB suffering the most, going as low as $233, the lowest it has ever been in 2023. Bitcoin has also suffered great losses, but it's not as bad as BNB, which hasn't stopped falling since the incident started and got progressively worse for altcoins when the SEC labeled 46 of them as securities to be avoided at all costs. Some of which include BNB, XRP, BUSD, MANA, and plenty of others. Personally, I believe that the condition is starting to become worrying, especially if Binance loses and there's no settlement, which would also have disastrous consequences for the market in general.

The most worrying of all is BNB, which is in freefall and its future might be doomed if no solution is found. What's your take on this? Do you think that a solution will be found to avoid any further losses, or are governments on their way of winning the war against cryptocurrencies?

It's very unfortunate to see how the SEC is reacting against this nascent industry. This will set back the US in terms of crypto adoption and innovation. If the regulating agency keeps pushing against crypto exchanges, they will abandon the country and move to a place where they're welcomed with open arms. Hong Kong and the UAE will be "eating the US' cake" faster than you can imagine. Crypto companies and startups already announced their intentions to move there.

Without the US market, I'd envision crypto market prices going down for an extended period of time. US-based customers will have to find a way to buy/sell crypto with USD through other means (P2P, OTC, etc) as there will be no mainstream exchange (CEX) left in the country. This might force the US-based crypto industry to go underground. BNB might've dipped in price, but it could only be temporary as Binance shuts its operations in the US for good. The question is: Are you buying the dip?

Well, they are driving innovation out of the country with these regulations but it's not that bad, the US market isn't the entire crypto market and there a lot of other countries that pushing for more transparent laws and regulations for crypto. I don't think Binance will left for good in the US, they even made a deal with the SEC already if you are following the news but it's likely an absurd deal if I will be the one being asked.

Correct, the USA isn't the whole world, and while a possible withdrawal of Binance in the USA will hurt cryptocurrencies, it'll only last for a short period, and the gap will quickly be filled by another exchange. Governments don't care about innovation and technology; they see it as a threat for a variety of reasons, such as tax evasion and privacy, which they are against. While it may seem that purchasing now may be a huge opportunity, current purchases may be a liability because further allegations may hurt Binance on a worldwide basis. There's no guarantee on what will happen next. The situation requires cautious moves, as things may quickly take a sudden turn for the worse.

[jaberwock]

If bitcoin does not renew its bottom, then BNB will also keep its support at the $200 level. I agree that we are still in a bear market, but it is unclear which part of it. I'm more inclined to say the final part. And unless there is some major economic upheaval or a major scam of some famous crypto project, we will probably keep these current low values, which were formed last year.

That's not going to happen, Bitcoin isn't that affected by the whole incident, it's doubtful that we'll see a new bottom for Bitcoin. Thus, there's still a decent chance to see a stop in this bloodbath, it's already looking quite positive, but let's not speculate just yet, it's too early to make accurate assumptions.

It may be just beginning. The incident has not had a strong impact because it may not have fully occurred yet. So far we see only some attacks and accusations. If the attacks escalate into active criminal cases, bans and all-out harassment, the market may react in the most unimaginable way. I believe that right now the conflict has not yet died down and, things are still to come and the worst may await us within a year or so.

I do not think that it would, this ain't even that serious right now, "criminal" case is way too much for something like this. At the very worst case what would happen could be giving them a fine, in turn of many million dollars of course but it's a fine anyway, and Binance will pay it and they will move on, that's all I am guessing it's going to happen.

I understand that people are a bit worried about what's going to happen but that's just not the case in this one. I think it would be important to just let it be for a while, let them handle it between each other and they will come to a conclusion and the problem will be solved. you think Binance wouldn't know what SEC wants, it's a bribe, Binance is billions of dollars worth company, they can handle it.

[o48o]

t's understandable to feel concerned about the current market situation and the impact of the SEC lawsuit on Binance and BNB. The sharp decline in BNB's price and the labeling of multiple altcoins as securities indeed raises uncertainty. The future of BNB and the broader crypto market depends on the outcome of the lawsuit and potential settlements.

While it's challenging to predict the exact course of events, it's important to remember that the crypto industry has faced regulatory challenges before and has shown resilience. Governments are working to establish regulations in this evolving space, but it's not necessarily a sign of winning or losing a "war" against cryptocurrencies.

As an investor, it's advisable to closely follow the developments, exercise caution, and make informed decisions based on thorough research. The crypto market is known for its volatility, and it's crucial to be prepared for various scenarios while keeping emotions in check.

I am not sure what kind of regulatory challenges are you referring to in the past? I haven't seen this level of conflict before if we are not talking about regions where it's legal to use cryptos

Mostly whole cryptocurrecy scene have just complied with regulators. We haven't "won" any cases against regulators, just accepted the facts and complied.

Marketing ICOs/sales are more closely regulated as people now know that you can end up going to jail over them. Taxation regulations are updated to handle cryptos. CEXes, casinos and eveyone dealing with money are complying with aml regulations that many crypto users seem to see as invasive.

To comply with regulators on this issue and future legistlations that are going to happen will be more challenging than anything i've seen before. This doesn't mean we won't find a common ground because most likely we will, but it will look different then we are used to.

[Kavelj22]

The SEC lawsuit against Binance has caused a major market crash, especially hitting BNB hard. It's worrying, and the future of BNB looks uncertain unless a solution is found. It remains to be seen if governments will have the upper hand in the crypto world.

The lawsuit definitely showed its effect on the market since Bitcoin and every cryptocurrency started dropping right after the news started spreading across different social media platforms and online news portals. As you mentioned some tokens are affected more than others including BNB which has faced significant drops since SEC has announced that they will take Binance to court.

The price of bitcoin began to recover and returned to exceed the threshold of $26,000, and this, according to my simple estimation, proves that users are finally aware that the US authorities targeting the Binance platform (and the Coinbase platform in parallel) is not a targeting of bitcoin, nor any of the decentralized projects that it is logical that it cannot be targeted. Technically due to its decentralized nature backed by blockchain.

Prosecuting these platforms, in my opinion, is indeed a matter of duty, and we (as a crypto community) do not have any institution capable of holding these platforms accountable for their intercontinental activity that does not adhere to state borders, which explains that the SEC is targeting the activity of these platforms directed at American users. In a comment, I mentioned that I am a supporter of these measures to limit the activities carried out by these platforms, which in their simplest form require licenses. One of the most important accusations leveled against both platforms is that both of them provide staking interest services, which is a banking product that banks are required to obtain a license to do and is supposed to be subject to government supervision.
The other important aspect of this issue is that centralized cryptocurrency projects that are produced from nothing (literally) and whose developers enjoy making profits are being targeted just by listing them on one of the platforms, and the Binance platform lists thousands of them on its systems, and I mean specifically what is defined as stable currencies. coins.

There is no need to panic about what is happening and the recovery of the market proves that the crypto community has understood the lesson of not targeting Bitcoin specifically and that Bitcoin cannot be actually targeted.
On Chain data proves the high volume of funds withdrawn from platforms to private wallets, and this is a good indication of the decline in confidence in trading platforms and the search for safer options.

[Abiky]

Correct, the USA isn't the whole world, and while a possible withdrawal of Binance in the USA will hurt cryptocurrencies, it'll only last for a short period, and the gap will quickly be filled by another exchange. Governments don't care about innovation and technology; they see it as a threat for a variety of reasons, such as tax evasion and privacy, which they are against. While it may seem that purchasing now may be a huge opportunity, current purchases may be a liability because further allegations may hurt Binance on a worldwide basis. There's no guarantee on what will happen next. The situation requires cautious moves, as things may quickly take a sudden turn for the worse.

The US has some crypto-friendly politicians, so all hope is not lost. There's a bill introduced in Congress aiming to remove SEC chairman Gary Gensler from his position. Whenever it'll be approved or rejected by both chambers of Congress (House and Senate) it's yet to be seen. Whatever happens, you can rest assured crypto won't be going anywhere soon. Crypto companies, businesses, and exchanges will move their operations elsewhere if the US continues to treat the industry with an "Iron Fist".

Centralized exchanges are the gateways into and out of the Fiat/crypto worlds, so anything bad related to them will certainly affect market prices in the short-term. Long-term speaking, prices should go all the way to the moon. I'd just forget about the negatives and only focus on the positives. This extended bear market is a great opportunity to grab prominent cryptocurrencies at a huge discount. If you act now, you'll reap the rewards in future. Maybe you'll become the next crypto millionaire? Just my opinion

[Xal0lex]

It may be just beginning. The incident has not had a strong impact because it may not have fully occurred yet. So far we see only some attacks and accusations. If the attacks escalate into active criminal cases, bans and all-out harassment, the market may react in the most unimaginable way. I believe that right now the conflict has not yet died down and, things are still to come and the worst may await us within a year or so.

I do not think that it would, this ain't even that serious right now, "criminal" case is way too much for something like this. At the very worst case what would happen could be giving them a fine, in turn of many million dollars of course but it's a fine anyway, and Binance will pay it and they will move on, that's all I am guessing it's going to happen.

I understand that people are a bit worried about what's going to happen but that's just not the case in this one. I think it would be important to just let it be for a while, let them handle it between each other and they will come to a conclusion and the problem will be solved. you think Binance wouldn't know what SEC wants, it's a bribe, Binance is billions of dollars worth company, they can handle it.

The criminal case is already a measure of last resort. Judging by how quickly Binance and SEC managed to agree, there was not such a serious situation, which could lead to such a sad outcome, as a criminal case or even the arrest of CZ. I'm more inclined to believe that it's all the usual market manipulation and FUD, and the situation itself is much less dramatic than various media are trying to describe it in the information field.

[Ultegra134]

I do not think that it would, this ain't even that serious right now, "criminal" case is way too much for something like this. At the very worst case what would happen could be giving them a fine, in turn of many million dollars of course but it's a fine anyway, and Binance will pay it and they will move on, that's all I am guessing it's going to happen.

I understand that people are a bit worried about what's going to happen but that's just not the case in this one. I think it would be important to just let it be for a while, let them handle it between each other and they will come to a conclusion and the problem will be solved. you think Binance wouldn't know what SEC wants, it's a bribe, Binance is billions of dollars worth company, they can handle it.

The criminal case is already a measure of last resort. Judging by how quickly Binance and SEC managed to agree, there was not such a serious situation, which could lead to such a sad outcome, as a criminal case or even the arrest of CZ. I'm more inclined to believe that it's all the usual market manipulation and FUD, and the situation itself is much less dramatic than various media are trying to describe it in the information field.

I'm pleasantly surprised to see the SEC and Binance come to an agreement. I was expecting the whole incident to be a lot more serious, which sheds doubts on how serious the confict actually a larger plan to plan to manipulate the market and/or hurt cryptocurrencies and analyze at what degree they were affected.

The price of bitcoin began to recover and returned to exceed the threshold of $26,000, and this, according to my simple estimation, proves that users are finally aware that the US authorities targeting the Binance platform (and the Coinbase platform in parallel) is not a targeting of bitcoin, nor any of the decentralized projects that it is logical that it cannot be targeted. Technically due to its decentralized nature backed by blockchain.

Prosecuting these platforms, in my opinion, is indeed a matter of duty, and we (as a crypto community) do not have any institution capable of holding these platforms accountable for their intercontinental activity that does not adhere to state borders, which explains that the SEC is targeting the activity of these platforms directed at American users. In a comment, I mentioned that I am a supporter of these measures to limit the activities carried out by these platforms, which in their simplest form require licenses. One of the most important accusations leveled against both platforms is that both of them provide staking interest services, which is a banking product that banks are required to obtain a license to do and is supposed to be subject to government supervision.
The other important aspect of this issue is that centralized cryptocurrency projects that are produced from nothing (literally) and whose developers enjoy making profits are being targeted just by listing them on one of the platforms, and the Binance platform lists thousands of them on its systems, and I mean specifically what is defined as stable currencies. coins.

There is no need to panic about what is happening and the recovery of the market proves that the crypto community has understood the lesson of not targeting Bitcoin specifically and that Bitcoin cannot be actually targeted.
On Chain data proves the high volume of funds withdrawn from platforms to private wallets, and this is a good indication of the decline in confidence in trading platforms and the search for safer options.

Everything you mentioned is true, Bitcoin has shown a speedy recovery and has already almost surpassed $29,000 in a matter of a few days after the incident was resolved. Thus, it's fair to claim that it wasn't a Bitcoin issue, but an aimed condemtion against selected altcoins, including BNB, which is yet to recover to what it previously was. Moreover, as you've already mentioned, it's known for Binance to list random tokens, which is probably why the lawsuit occured in the first place.

This recovery is proof that Bitcoin isn't the issue, and governments and the media know that hurting it is only temporary.

I am not sure what kind of regulatory challenges are you referring to in the past? I haven't seen this level of conflict before if we are not talking about regions where it's legal to use cryptos

Mostly whole cryptocurrecy scene have just complied with regulators. We haven't "won" any cases against regulators, just accepted the facts and complied.

Marketing ICOs/sales are more closely regulated as people now know that you can end up going to jail over them. Taxation regulations are updated to handle cryptos. CEXes, casinos and eveyone dealing with money are complying with aml regulations that many crypto users seem to see as invasive.

To comply with regulators on this issue and future legistlations that are going to happen will be more challenging than anything i've seen before. This doesn't mean we won't find a common ground because most likely we will, but it will look different then we are used to.

We haven't won but at least it wasn't further escalated, there needs to be some kind of regulation regarding ICOs and tokens that keep popping up every day, with the majority of them aiming to scam investors.

[gurunanakji777]

Yes, Last week, there was a significant market crash, but for the past 3 days, the market has been showing positive signs. However, it is uncertain whether this upward trend will be sustained or if it is merely a temporary situation to deceive buyers. It is well known that whenever the SEC takes any action, it negatively impacts the market. In addition to the significant impact of the Binance lawsuit, other coins that have been labeled as securities by the SEC have also experienced substantial drops. Nevertheless, I have observed that the effects lasted only for a period of 5-7 days, and now the market is recovering once again. However, investors will now likely pay closer attention to BTC and Ethereum due to the SEC's actions.

[Yaunfitda]

Yes, Last week, there was a significant market crash, but for the past 3 days, the market has been showing positive signs. However, it is uncertain whether this upward trend will be sustained or if it is merely a temporary situation to deceive buyers. It is well known that whenever the SEC takes any action, it negatively impacts the market. In addition to the significant impact of the Binance lawsuit, other coins that have been labeled as securities by the SEC have also experienced substantial drops. Nevertheless, I have observed that the effects lasted only for a period of 5-7 days, and now the market is recovering once again. However, investors will now likely pay closer attention to BTC and Ethereum due to the SEC's actions.

And we have seen that there are no crashed though, sure bitcoin goes below $26k and other altcoins suffered, but look at where the price right now as we have a instant rally in the last 48 hours.

And for sure the SEC lawsuit is not being forgotten, we might just have to wait for the result and see how it goes. But as far as the market is, there is no longer that lingering effect. And that's how the market is, sometimes there are negative news that will bring down the market but after several days when everything has settled down, we will be on the road to recovery.

[jacafbiz]

I think everyone has their price if the SEC chairman is doing the bidding of the power to be just to let them get in at a lower price. The level of corruption at government agencies is of the highest order. I read somewhere that he was after Binance because the chairman was overlooked for an advisory position at the exchange and also CoinBase CEO said the SEC chairman placed a short position before making those stupid announcements that crashed the market. If not that journalism has been bought, this would have been a career-ending allegation, but the media are helping him blow his trumpet.

[Argoo]

I think everyone has their price if the SEC chairman is doing the bidding of the power to be just to let them get in at a lower price. The level of corruption at government agencies is of the highest order. I read somewhere that he was after Binance because the chairman was overlooked for an advisory position at the exchange and also CoinBase CEO said the SEC chairman placed a short position before making those stupid announcements that crashed the market. If not that journalism has been bought, this would have been a career-ending allegation, but the media are helping him blow his trumpet.

These are serious allegations against the head of the SEC. If this information has become public, then the US Congress or other competent authorities should appoint an appropriate check and conduct an objective investigation.
But, in any case, over the past week, the price of bitcoin has already increased by more than 20 percent, and ethereum by more than 16 percent. The cryptocurrency market is recovering well. We expect the trend to continue.

[Psynthax]

I think there will be following up of these series of crashes in the future, such a good time to make entry for those that have the capitals.
though it's unclear in regard of cryptocurrency fates in general, maybe things will get worse instead, since the results are still unknown.

[Abiky]

These are serious allegations against the head of the SEC. If this information has become public, then the US Congress or other competent authorities should appoint an appropriate check and conduct an objective investigation.
But, in any case, over the past week, the price of bitcoin has already increased by more than 20 percent, and ethereum by more than 16 percent. The cryptocurrency market is recovering well. We expect the trend to continue.

BTC saw a temporary surge in market prices because of the Blackrock ETF filing and the creation of a new crypto exchange backed by prominent financial companies. I'm afraid things will head back to the way they were before the pump because of the SEC's aggresive stance against crypto. The real deal would be the upcoming BTC halving of April 2024. Market prices will increase due to the hype (aside from that fact that BTC will become scarcer).

I don't think SEC chairman Gary Gensler will be able to "survive" after a change of government in 2025. If he's removed from office, crypto exchanges in the US will be relieved. Globally-speaking, this should have a positive effect over market prices in the short-term. Who knows if we'll see the light at the end of the tunnel soon? Just my opinion

[Xal0lex]

The criminal case is already a measure of last resort. Judging by how quickly Binance and SEC managed to agree, there was not such a serious situation, which could lead to such a sad outcome, as a criminal case or even the arrest of CZ. I'm more inclined to believe that it's all the usual market manipulation and FUD, and the situation itself is much less dramatic than various media are trying to describe it in the information field.

I'm pleasantly surprised to see the SEC and Binance come to an agreement. I was expecting the whole incident to be a lot more serious, which sheds doubts on how serious the confict actually a larger plan to plan to manipulate the market and/or hurt cryptocurrencies and analyze at what degree they were affected.

It's too early to talk about any kind of agreement, because things can still go on. Binance has filed a lawsuit against the SEC, hired lawyers, and the fight is just beginning. The SEC may not be on the defensive in this fight either, but they will also attack, filing counter-suits and new charges that will be uncovered during the investigation. This could all drag on for years, like the Ripple situation, so I wouldn't jump to the conclusion that they have come to some kind of agreement.