Well initially it has it's effect when the news came out as bitcoin hits sub $26k. But then again, maybe there is manipulation or what as the price surges as high as $27,250++ if I'm not mistaken.
But now, it seems that there are short selling as the price is now at $26,200. So we might say that the impact is not that significant. Although this news is big if I'm not mistaken, but maybe effects are going to be short term only.
Topic: No impact of SEC freezing USA Binance assets - page 2. (Read 196 times)
It only affects Binance.US so the effect will likely be contained there. SEC suing crypto companies have become like an old news for people who have been around. We will probably see or hear more news like this in the future but the impact will likely be the same. There will be a temporary decline in prices but will recover the next few days. Better to get used to these "attacks" on exchanges and crypto in general.
SEC now going after coinbase too
https://www.cnbc.com/2023/06/06/sec-asks-for-emergency-order-to-freeze-binance-us-assets-anywhere-in-the-world.html
There is a shocking development where SEC asked to freeze Binance assets. However, the immediate effect of this news was not negative. Bitcoin prices and other coins also moved up even after this news. It shows the trust people have on bitcoin. Those who were investing casually are already out of the scene. The current holders have got strong hands and it means that prices for good crypto coins will only move up from here.
There is a shocking development where SEC asked to freeze Binance assets. However, the immediate effect of this news was not negative. Bitcoin prices and other coins also moved up even after this news. It shows the trust people have on bitcoin. Those who were investing casually are already out of the scene. The current holders have got strong hands and it means that prices for good crypto coins will only move up from here.
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