Frankly, these lawsuits filed by the SEC did not add too badly to the market. At least there were no serious declines. Except for cryptocurrencies. But if the sanctions continue to increase in the future, then serious decreases will occur. It is useful to follow the market during this period, and these sharp declines can be an exit point for you and it may be inevitable that new millionaires will emerge.
It is a little strange that the SEC did not wait for the final court decision on his lawsuit against Ripple Labs. It is this decision that will significantly affect the fate of all other similar SEC lawsuits. Does the SEC hope that it will win this lawsuit? Otherwise, filing other almost similar lawsuits about the use of other cryptocurrencies is pointless. The bad thing is that the US government and legislators do not yet have a clear position on this issue and the SEC is on the path of developing judicial practice. But this is a very long way and therefore this situation will negatively affect the general state of the cryptocurrency market. 
Topic: SEC lawsuit caused massive market crash - page 5. (Read 682 times)
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?
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?
The future of any cryptocurrency, including Binance Coin (BNB), is influenced by many factors. I too as a user also remain cautious and informed because I think Cryptocurrencies remain a dynamic and evolving space, and their long-term impact will be shaped by a variety of factors, including regulatory developments and market dynamics. I'm sure everything will be resolved, usually if there is action there will be a reaction.
Remember right after Ftx went bust, CZ said that Binance is huge and most likely will be highly targeted and he was correct.
The amount of fud and bad news thrown at binance and CZ since FTX is crazy. But they are still here.
So I think BNB still has value and utility. However most likely no US people will be able to hold that token if they forbid it.
The amount of fud and bad news thrown at binance and CZ since FTX is crazy. But they are still here.
So I think BNB still has value and utility. However most likely no US people will be able to hold that token if they forbid it.
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?
Binance team will not give that easy and surely if things go wrong then settlement will takes place as they are one of the biggest business in crypto world and will not let things end like that.
what we need to seek is their action in the coming days as things gets worrying nowadays.
but for sure this will never come to closure of Binance exchange or dying of Binance coin .
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I think it's more a speculative move ,especially many altcoins dump is huge,
There may be some who speculated but it's not as simple as that. What would you do if you are from the US and the exchanges says you can no longer trade your altcoins after a certain date since it's been flagged as a security? It's only natural that you would also sell them all before it's delisted and then convert it to other crypto not considered as security like BTC or ETH. I think it's more a speculative move ,especially many altcoins dump is huge,
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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?
The whole company has been thru a lot of problems already regarding different institutions in the past years, and this is just one of the problems that they will be facing now, and in the future. 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?
Though I'm very optimistic that they can overcome this one, there is this kind of thinking in the back of my mind where I'm thinking "What if they will shut down because of this?". What will happen to them? What will happen to many Binance users, and knowing that they are the most popular Centralized exchange currently, for sure that the effect of this one will be much greater than that of FTX.
I guess the best thing to do right now is to "DO NOTHING". BNB is down, market is down. If you have spare money to buy then I guess you can buy coins right now, but if not then it's better to be patient, maybe don't look at the news for a moment, and relax yourself. As for me, this will be just another negative news that's happening in the crypto space on a weekly to monthly basis. I've seen many of these already, and yes the market is affected in different ways, but in the end, it will just go up like what always happen.
SEC lawsuit caused massive market crash
It's not that the collapse simply looks at it as a bad period for the rich, and it becomes more difficult to make profitable investments, looking at the overall state of the market, I don't think it will end anytime soon. . And this is not the first time that the SEC has taken action against crypto companies, to me it simply looks like a lot of events have taken place, maybe like a sell-off going on, but in terms of Positively, this should also be viewed as an opportunity to accumulate more different cryptos.
I checked the Bitcoin price and did not find a decrease. What is happening is a natural price movement, perhaps due to panic or panic, but the price is in its normal place.
The value of BNB decreased by more than 22%, which is a large percentage, but its price is in the hands of binance, they can burn a lot of it and the price will return again. the reaction of binance and the subsequent steps that it will take are what will determine the future of this currency.
I advise you to stay away from it for the time being and see how the company will act.
The value of BNB decreased by more than 22%, which is a large percentage, but its price is in the hands of binance, they can burn a lot of it and the price will return again. the reaction of binance and the subsequent steps that it will take are what will determine the future of this currency.
I advise you to stay away from it for the time being and see how the company will act.
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As you have noticed, the SEC's move against Binance and related changes to crypto laws is a complex matter and can have a significant impact on the crypto market. Even though the current situation is very worrying, don't get too worried and should stay calm and assess situations objectively to make the smartest investment decisions. Regarding the fact that BNB is falling in price and its future may be affected, we need to be concerned with what measures Binance and the SEC can take to solve the problem. Binance may seek to explain and provide more detailed information about its activities to the SEC to help improve the relationship between the two parties and resolve governmental disputes. The SEC may also consider various measures to ensure safety and transparency for investors.Regarding whether governments are winning the war against cryptocurrencies, this is still ongoing and it is impossible to accurately predict the outcome of this war. The cryptocurrency industry is still growing strongly with the support of many countries and large corporations, so investors need to properly assess the situation and make smart and careful investment decisions. important.
The recent SEC lawsuit really shook things up. It's definitely a concerning situation, especially for BNB. I can understand why you're worried about its future. As for a solution, it's hard to predict, but I believe the crypto community will continue to find ways to adapt and overcome challenges. Governments may pose hurdles, but I think cryptocurrencies will keep evolving. Stay positive! 🚀
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?
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?
Yes, I think it's BNB that are going to hit big because it is the native token that is being used by Binance so I'm not surprised by it. And then there will be others who have been mentioned in the lawsuit as well.
However, for me this is just a temporary setback for the altcoin market. We all know that next year we will have a bull run so I don't think just because there is a SEC lawsuit against big exchange means that this will go on till next year. On the other hand, this is a great opportunity to continue to stack those coins that is going on the downside right now. And then just wait for next year, as it might give everyone a good profits and then thank SEC later for their lawsuit because the price is cheap right now.
Frankly, these lawsuits filed by the SEC did not add too badly to the market. At least there were no serious declines. Except for cryptocurrencies. But if the sanctions continue to increase in the future, then serious decreases will occur. It is useful to follow the market during this period, and these sharp declines can be an exit point for you and it may be inevitable that new millionaires will emerge.
the impact was seen though and it's quite significant, although the drops generally was about 15% still it's still the early stage of the lawsuit, things could turn on different directionby the time goes, but it's also could be progressing for the worst, after all there's just many things that usually could be out of our prediction.
the thing with these news that could affect price in general is that, they really do have some big influence over the market that with some news the market already turning upside down.
i'd be more carefuly making some entry right now even if it seems the chance of investing arise, after all, it could be pretty much turning disastrous in the long run if things get worse.
Frankly, these lawsuits filed by the SEC did not add too badly to the market. At least there were no serious declines. Except for cryptocurrencies. But if the sanctions continue to increase in the future, then serious decreases will occur. It is useful to follow the market during this period, and these sharp declines can be an exit point for you and it may be inevitable that new millionaires will emerge.
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?
From here we can see the status of Binance in the market, because of the negative news it's getting it affected the market, I don't know what the community will look like without Binance, they are the leaders, the innovators, and prime movers of the industry its leader CZ have proven that during the pandemic.
Binance should address issues being hurdled to them and I hope they succeed, whatever happens to Binance will have a big impact on the market, especially now that halving is coming, the whole community is now watching.
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?
Why is BNB most worrying? Imho it always was problematic. This is just those problems manifesting themselves.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?
Everyone knew that it's going to be centralized. Even if it has smart contracts it's still an exchange coin and totally dependable about Binance. Reason why it rises was because everyone thought Binance was untouchable. And for a long time it seemed to be so. They have done so much for some many people, giving charities and most likely lobbying a lot in everywhere in the world.
Still everyone knew deep down that BNB is going to be be paired with well being of Binance. This is what "fudders" were afraid of, and now when it's unrevealing in front of everyone, people will soon realize that if binance loses, the bottom of bnb is going to be zero. And that would make this crypto winter last for ages.
This is expected, if there’s a government pressure the market will react on that and its too bad since we failed to break the resistance before. Let’s hope that the cryptomarket will survive on this or else we will failed again and the hope for a decentralization might not happen. Let’s support BNB here and as long as they didn’t violate any, then we should stay focus and not to panic selling. Buy if there’s an opportunity, BTC is still the best choice as of the moment.
this will just be another bottleneck in this market. but we all know that we can always surpass such challenge. i don't think this will have long-term effect on the market. remember, how many times have we seen such event in this market, and yet, the market survive and keep on going.
it may have short impact once the verdict becomes public, but we always bounce. we are not going to disappear if they think they can.
everyone should already know the obvious that this lawsuit follows up will most certainly make some massive waves of correction in the future.
i honestly think that at the first news of the lawsuit that should be the right chance to liquidate the funds otherwise, we will suffer great lose.
i honestly think that at the first news of the lawsuit that should be the right chance to liquidate the funds otherwise, we will suffer great lose.
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?
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?
I think it's more a speculative move ,especially many altcoins dump is huge, the BTC has held up very well and in any case the last few months had grown so much so I think it is normal that it makes retracements
BNB have a good ecosystem that will help its price to recover quickly I think we should be more worried about meme coins which have no real liquidity provision to back their price recovery.
This is expected, if there’s a government pressure the market will react on that and its too bad since we failed to break the resistance before. Let’s hope that the cryptomarket will survive on this or else we will failed again and the hope for a decentralization might not happen. Let’s support BNB here and as long as they didn’t violate any, then we should stay focus and not to panic selling. Buy if there’s an opportunity, BTC is still the best choice as of the moment.
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