SEC lawsuit caused massive market crash

[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.