Crypto Showdown: Will the SEC's Accusations Uncover a Darker Side of the Market?
The SEC has accused market maker Cumberland of operating as an unregistered dealer in the crypto asset market. Earlier, the US Federal Prosecutor's Office accused Gotbit, ZM Quant, CLS Global, and MyTrade, as well as their executives and employees, of manipulating the financial market.
đ€ If we look at it globally, there is an assumption that they are not interested in small players; what is important to them is who can confirm the involvement of larger market makers in fraud.
They will intimidate those who have already been arrested so that they will provide information in court, in exchange for a softer sentence. They will give conditional figures, pay a fine. And the big players will go the full way.
â If this is really so, the market will suffer greatly. But there is also the option that they are scaring us. FUD, economic data, elections, they can do everything so that we are afraid of buying, they will remove weak hands from the market. And it is at this moment that full-fledged growth will begin.
Just thoughts for now, but I continue to hold my long-term positions and accumulate coins in my portfolio. Let's see how it all ends in the end.
#SECCryptoRegulation #Bitcoinâ #SCRPricePrediction #BTC60KResistance #SCRonBinance
