• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

SEC Earthquake Incoming

  • Thread starter Thread starter glitch
  • Start date Start date

glitch

Guest
This seems like it will be good in the short term of things but bad in the long term.

I don't like the idea of Wall Street or big banks getting involved THIS much with crypto as I feel like they are only in it for themselves. They don't actually want it to succeed but rather get as much money out of it before they try to tank it.

The bitcoin price has though managed to claw its way back over $20,000 per bitcoin—even after a serious JPMorgan price warning—helping the price of ethereum, BNBBNB, XRPXRP, solana, cardano and dogecoin rally from their recent lows.

Now, the chairman of Wall Street's top regulator has said the Securities and Exchange Commission (SEC) will consider exempting crypto firms from some regulatory requirements in an attempt to tame the crypto "Wild West."
Click to expand...
Source
 
I agree with you. Wall streets or big banks wouldn't get involved into crypto currencies if they aren't going to benefit a lot from it. Well, i just hope we aren't being too quick to judge them this time.
 
Laurentta said:
I agree with you. Wall streets or big banks wouldn't get involved into crypto currencies if they aren't going to benefit a lot from it. Well, i just hope we aren't being too quick to judge them this time.
Click to expand...
It only seems inevitable what will happen to crypto eventually at this rate. A lot of confidence is being lost by the day and I daresay we might be seeing the crash before our eyes sooner than we expected.
 
HayKay said:
It only seems inevitable what will happen to crypto eventually at this rate. A lot of confidence is being lost by the day and I daresay we might be seeing the crash before our eyes sooner than we expected.
Click to expand...
It is because of this unpredictable nature of crypto currencies that i've refused to invest in it. I just hope you are wrong abd crypto won't crash but instead grow stronger.
 
Laurentta said:
It is because of this unpredictable nature of crypto currencies that i've refused to invest in it. I just hope you are wrong abd crypto won't crash but instead grow stronger.
Click to expand...
I'm praying so too my friend but I was discussing this with a colleague about 3 days ago and same thing was what he said. I think the greatest undoing of crypto is the lack of regulation.
 
IN the second quarter of 2023, some crypto bills will be passed by the US government, and it is believed that these bills will tighten the crypto companies, when that happens we can expect the market to fall terribly low.
 
HayKay said:
It only seems inevitable what will happen to crypto eventually at this rate. A lot of confidence is being lost by the day and I daresay we might be seeing the crash before our eyes sooner than we expected.
Click to expand...
A lot of people may have interest and see cryptocurrency as a potential technology that could be used for investment and for long-term storage of wealth.
But personally I see cryptocurrency as a risk that must be taken by people that understand what it is all about.
A lot of rules and regulation that is being established by government bodies against cryptocurrency is making me to doubt about the future potential of this project.
 
You must log in or register to reply here.
Back
Top