I don't remember that there was any news this week that the US declared a ban on crypto trading in their territory. What I know is that there was a lawsuit against Binance and Coinbase because the Sec says that there are many listed coins on their platform that are said to be securities coins.
And one of the mentioned securities coins is Matic, Ethereum and others which are mostly in the top coins here in the crypto space. But before when a government official asked Gengsler if Ethereum is a security, he could not answer it, then now he is saying that it is one of the security coins, which for me Gary Gengsler does not know his things said and done.
Topic: The US just banned altcoin trading. (Read 272 times)
There are a lot of things I don't understand about OP:
I do not know if it is a troll or what is your purpose in such a topic, but there is no information from what you mentioned in reality, the whole thing is about SEC sues Binance and coinbase.
- You have been told that the title is misleading, yet you have not tried to change it.
- Twitter is not a source for news, especially since you are transferring from a regular user account.
- You base your entire analysis on an assumption that is not true.
- You are spreading panic based on that analysis.
I do not know if it is a troll or what is your purpose in such a topic, but there is no information from what you mentioned in reality, the whole thing is about SEC sues Binance and coinbase.
The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
The title of Op looks enticing and it looks like a click bait. When I read the title, I wanted to scroll pass but o decided to have a glance. But Op just misunderstood and threw the whole ongoing drama between Binance and SEC off point.
As the title reads, I was like when did Governments starting banning altcoins specifically. It is either they call it bitcoin ban or cryptocurrency ban. I have never seen a situation they single out on altcoin and ban it unless in the case of privacy coins.
Op, meanwhile altcoin trading isn't banned in US. Read again the link you provided.
The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
What he wrote and what actually happened is entirely different. What actually happened is that SEC tried to get hold of a few Cryptocurrencies. They started their own investigation on a few coins like Solana, Cardano and Matic and eventually Coinbase, Robinhood and a few cEX stopped trading these coins therefore US has indirectly stopped people from trading Cryptos.From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
In what sense the SEC tried to get hold of a few Cryptocurrencies?Even if it were true what you say, I see only a big scam, at this rate no one will invest in any altcoin anymore
When looking at the development of cryptocurrencies as a whole, it is important to consider that countries and institutions around the world are trying to understand and regulate this space. Some countries have adopted a more positive approach towards cryptocurrencies and blockchain, while others are still formulating their policies.
Moreover, the cryptocurrency industry has experienced significant growth in recent years, with major financial institutions and technology companies getting involved in this space. This indicates a strong interest in this technology and the possibility of further development in the future. I think the US also needs time to really accept the existence of crypto.
Moreover, the cryptocurrency industry has experienced significant growth in recent years, with major financial institutions and technology companies getting involved in this space. This indicates a strong interest in this technology and the possibility of further development in the future. I think the US also needs time to really accept the existence of crypto.
The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
US is not the world and US alone cannot change the fate of cryptos. Cryptocurrencies are decentralised for a reason and one nation alone cannot beat the shit out of it. I am happy that US has started a war against cryptos. This will force multiple crypto related countries out of US to some other crypto friendly countries.
So let US do whatever they want. There will always be countries like Singapore or El-Salvador to welcome these companies.
These Youtubers are so annoying with their sensationalist statements. The US has not banned altcoin trading. These idiots will just make stuff up to get you to watch their videos so they can get paid to shill you some worthless shitcoins.
Yes and as far as I know only few tokens got delisted. Like ada, matic and sol on robinhood exchange. US is really not aligned on crypto but we will see. We all knew that US is a strong country and not having crypto on this area might be their loss actually. Its not the only country, maybe users from the area could rely on dex more if some exchanges really prohibit them to trade crypto. The SEC chair is really aiming to eradicate crypto on US territory but not gonna happened. US isn't only the country who are sensitive with crypto but they are on the headlines lately because Binance are also having an issue with them. Maybe this was the reason why those YouTubers said that altcoins are going to be banned. They are only thinking in advance and giving a warning especially to the citizens of that country.
The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
The United States has banned some specific Altcoins, , due to which the market has temporarily fallen, but its purpose is not that the United States has banned all Altcoins. Crypto currency is a global market and banning any one country cannot stop it.
For now, people are panic and selling their assets. However, experienced and skilled investors are taking advantage of this opportunity to buy more.
USA is about to introduce strict regulation for crypto currency, but the whole world is open to adopt crypto. The USA is trying to bring crypto currency into a legal sphere. Therefore, the major coins of the market have also been put in the security list. The market may fall further but this situation will recover very soon and those who are buying Altcoins at low prices now will be the ones who will get the best profits in the future.
I think this is a temporary market dip and instead of panicking here is a great time to invest if someone has the capital.
I think they have long enough to ban crypto from circulating in their country. therefore I don't think this news will have much impact on the current market trend. I think we have to be really careful in choosing news, this is old news that they might update again to make crypto prices lower than they are now. if we update on twitter, I'm sure we'll never miss any news, but what I think right now is tough for bitcoin price to go up is SEC vs Binance right now.
They will try their best to keep Bitcoin and cryptocurrencies away from their citizens because they fear its spread and adoption that is increasing day by day even after all these bad news and stuff happening. They might win the case against Binance and make them shut down their services within the country but they cannot stop the spreading of cryptocurrencies across the globe.All the governments that are against Bitcoin and cryptocurrencies will eventually start allowing it within their countries once they find that it is something that cannot be stopped and even if it isn't available within a country, people will find a way to access it if they have internet and a device.
The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
This is fake news as there's no official source from the government backing this claims. The US government hasn't ban altcoins trading because they can't do that, they have no reason as all altcoins doesn't go against any laws to be banned. The Security and exchange commission are only after altcoins that are security as they're sueing exchange that are trading them which is resulting to exchanges delisting them.
If the project can prove they're not security, SEC will leave them alone and exchange can begin listing them again and enable trading to their customers. SEC can't go after all altcoins as they don't fit into the security category, so we can't say the SEC has banned altcoins trading.
The US ban on altcoin trading can have implications for the cryptocurrency market. While it may create uncertainty, the future of cryptocurrency is influenced by various factors. The industry has faced regulatory challenges before and has the potential to adapt and evolve. Long-term prospects depend on institutional adoption, technological advancements, and regulatory developments. Monitoring the situation and considering the broader context is important. The cryptocurrency industry has the potential to continue growing and transforming sectors of the economy.
But you got it wrong mate as the SEC doesn't stop crypto trading, only some coins that are not registered on them. And this won't affect the entire crypto market and this means that the SEC is trying to help the crypto space by stopping scam projects. But with the issue of SEC and Binance Exchanges, it is another story. It gives some BNB price drops and also has an impact on the market but still, this is not the basis that the crypto market is dying. It can be solved soon and I know that as Binance don't just let it happen but to protect their business.
Nothing to worry unless if it's china. There might be a quick flash impact but hey we've been through such conditions for years now and those events makes crypto even more stronger than ever , people would aware how useful cryptocurrency in support their daily activity and it's just the matter of the time. We will see , SEC actions mean nothing as they against the world, no way ... no chance crypto future in jeopardy moreover to fall apart by this trifling minor events.
The Security and Exchange Commission banning shitcoins and shittokens is actually good news.
I tend to agree with this and that's actually good news.The SEC's role is to regulate securities markets in the United States and protect investors and when it comes to crypto like altcoins, the SEC's focus is primarily on determining whether a particular digital asset qualifies as a security under U.S. securities laws.
It doesn't mean SEC wants to stop crypto trading but in fact, those are only shitcoins. IMO, if those altcoins have successfully complied with securities laws or have been structured in a way that they don't fall under the SEC's jurisdiction as securities.
By the way, OP got banned.
I can't remember a year where the future of cryptocurrency haven't been in jeopardy. It's normal but still, it's evolved to conquer the challenges of the times. I would say, we shouldn't be fooled by there focus on altcoins as that's just gor a start. There success in this round would determine what they joke yo archive when they turn there focus towards bitcoin.
Fortunately, there bans has always come down to nothing but, it might minimise the number of individuals that falls victims to crypto scams in the form of scam tokens and altcoins.
Let's be guided by this mischievous plan and not be fooled in our investment choices and the part we play in all these FUD.
is keep HODLing and never be pressured to sell your Bitcoin, Excise more patient and until after next BTC halving to see if Bitcoin will fail to do what it use to do in the past.
The US ban on altcoin trading can have implications for the cryptocurrency market. While it may create uncertainty, the future of cryptocurrency is influenced by various factors. The industry has faced regulatory challenges before and has the potential to adapt and evolve. Long-term prospects depend on institutional adoption, technological advancements, and regulatory developments. Monitoring the situation and considering the broader context is important. The cryptocurrency industry has the potential to continue growing and transforming sectors of the economy.
But you got it wrong mate as the SEC doesn't stop crypto trading, only some coins that are not registered on them. And this won't affect the entire crypto market and this means that the SEC is trying to help the crypto space by stopping scam projects. But with the issue of SEC and Binance Exchanges, it is another story. It gives some BNB price drops and also has an impact on the market but still, this is not the basis that the crypto market is dying. It can be solved soon and I know that as Binance don't just let it happen but to protect their business.
The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
Dear magpie99 i thinkthere has some missing in your information. US not banned all altcoin. US Security Exchange Commission charged for trading a few shitcoins. Not all altcoin. So i think it not big problem. From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
And after this SEC problem Bitcoin and all cryptocurrency pumping Again. Bitcoi ATH is near about $67500 From here some days ago Bitcoins price huge fall some days ago bitcoin price was $16k. It is normal things for cryptocurrency. Btu from bottom bitcoin price including gradually day by day. And i think that bitcoin price will hit new ATH within Q-1 of 2024. I believe within 2024 bitcoin price will hot $100k.
The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
From the beginning of 2022, the collapse of the cryptocurrency market began. In view of which btc lost its highest price and fell to 16 thousand dollars. Ethereum also touched 30% of its peak price. And most of the tokens in the cryptocurrency market eventually fell in price.
Cryptocurrency prices improved slightly around April-May 2023, but people remained somewhat skeptical about the market.
In the meantime, the US has banned altcoin trading. Which bodes ominously for the future of cryptocurrency.
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
The Security and Exchange Commission banning shitcoins and shittokens is actually good news.
OP, please do more research on the topic, before posting forum threads here. Your forum thread seems incompetent and it lacks important information.
The 2022 crypto price drop has nothing to do with SEC going in court against Binance (and potentially Coinbase).
The 2022 price drop was created by the collapse of a bunch of shady crypto projects like Terra, Three Arrows and FTX.
I'm not a fan of Binance and Coinbase, but they cannot be compared to total scams like FTX.
-snip-
Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
Every country has rules. When the country feels a company operating in the country has deviated from the rules, the country will act.Is the future of cryptocurrency in jeopardy?
Source: https://twitter.com/cryptomanran/status/1667431872333332481?t=0STo6Hty7Oao6xN8Dwu6xg&s=19
The prohibition on the Altcoin trading may be the direction there so no need to worry about the future of Crypto, especially Bitcoin.
Or maybe your intention is related to binance and coinbase. If true, then in my opinion there is something that does not meet the provisions of their country operating.
Don't panic with the writing made by someone on Twitter.
I think they have long enough to ban crypto from circulating in their country. therefore I don't think this news will have much impact on the current market trend. I think we have to be really careful in choosing news, this is old news that they might update again to make crypto prices lower than they are now. if we update on twitter, I'm sure we'll never miss any news, but what I think right now is tough for bitcoin price to go up is SEC vs Binance right now.
The US just banned altcoin trading ,This is not good news for cryptocurrencies at all.
The SEC charged a few exchanges for trading a few shitcoins.
The SEC is not the US government, the SEC is not god to dictate everything.
Every decision the SEC takes can be changed or overruled in court.
The SEC mentioned 19 cryptos, not 9000 (as it should have done), and never said a word about Litecoin or Dogecoin not to mention Bitcoin.
Cryptos are not only about trading, but god forbid we do anything else with them than trying to get rich in fiat!
Twitter as a source of "news' is worse than pornhub.
The OP doesn't seem to fully understand the problem.
SEC did not ban Altcoin trading and only a few altcoins were affected due to the legal dispute with binance.us.
Besides, this does not affect binance.com which is a global market.
The SEC's working area only applies to binance.us in the US territory.
The advanced trading pairs that Binance.US plans to phase out are 40 altcoin pairs USDT, BTC, and BUSD.
Is this a bad sign?
yes maybe in the short term, this is a bad sign and it does affect the current state of the market.
But for the long term, this is just a moment that will be used as a speculation tool.
When binance.us is no longer associated with the SEC and the problem is over, then binance.com will not be affected in any way.
The SEC's working area is only in the US and will not have any global impact.
OPs really need to understand what the news is about so that it won't be a piece of news that only conveys FUD.
SEC did not ban Altcoin trading and only a few altcoins were affected due to the legal dispute with binance.us.
Besides, this does not affect binance.com which is a global market.
The SEC's working area only applies to binance.us in the US territory.
The advanced trading pairs that Binance.US plans to phase out are 40 altcoin pairs USDT, BTC, and BUSD.
Is this a bad sign?
yes maybe in the short term, this is a bad sign and it does affect the current state of the market.
But for the long term, this is just a moment that will be used as a speculation tool.
When binance.us is no longer associated with the SEC and the problem is over, then binance.com will not be affected in any way.
The SEC's working area is only in the US and will not have any global impact.
OPs really need to understand what the news is about so that it won't be a piece of news that only conveys FUD.
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