#MarketDownturn#Bitcoin#solana #SEC Bitcoin shows a lot of resistance to touch and exceed $60K, in my opinion if it reaches $60K, it's a good time to trade for sale. solana with ups and downs in bitcoin stood up. I think lately the#SECThe SEC (United States Securities and Exchange Commission) has a negative opinion on cryptocurrencies, as it considers them a risk for investors ¹. The SEC has been regulating cryptocurrencies since 2019, when it issued guidance for companies offering security tokens ¹. In 2021, the SEC filed a lawsuit against Ripple Labs, a company developing the XRP cryptocurrency, alleging that XRP is an unregistered security and that Ripple Labs has violated securities laws ¹.
The SEC has also cracked down on other cryptocurrency companies, such as Kraken, which was ordered to pay a $30 million fine and shut down its staking service². SEC Chairman Garry Gensler has explained that the agency is against staking because it turns the user into an investor in the platform, which poses a risk if the platform goes bankrupt².
Overall, the SEC views cryptocurrencies as a risk to investors and is taking steps to regulate them and protect investors. See more 313 0 0 0 0