The past days have been full-on drama in Crypto like never before, the much feared SEC bombshell on Crypto had been released with practically seeing every altcoin as an unregistered security. And while the SEC was unable to prove any of this claims in court first, exchanges like Robinhood jumped the gun first and already delisted all Cryptos. Causing some -20% drops for SOL, MATIC and ADA in hours as people had to sell their Crypto earlier. Yesterday's price movements of SOL and MATIC as example Moreoever, we had over $300M liquidations in matter of hours. This is indeed some peak bear market level shit, but happily BTC is still standing strong above itβs crucial $25k mark. In the wake of all of this war-like scenarios here, Coinbase and Brian Armstrong had already released a video clarifying that Coinbase is on the safe side for all of this and even further said that the SEC going for them does not make any sense as their whole business had already been reviewed in 2021 before the IPO. Announcement and trend on Twitter of the campaign Now they have also launched the StandWithCrypto campaign to showcase the support for Crypto and why the SEC just cannot do whatever they want in this industry. The hashtag was also swiftly trending on Twitter and you can even mint an NFT for free to join the movement right now. It really seems as if we are in the middle of a battlefield fighting for our rights against a whole government right now that is hell-bend on destroying everything they can not control. But remain fierce, have patience and we shall win. [link] [comments] |
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