Seems like Regulators have become aware that people are starting to use Crypto as an hedge to the current banking crisis, now for the past weeks they have been making coordinated attacks on Crypto.

With the major news that we have gotten today, the CFTC (Commodity Futures Trading Commission) has launched their first lawsuit on the biggest Crypto exchange, Binance and their CEO CZ. The allegation on that 74 page lawsuit are mostly just what we have seen in the past weeks and months from the SEC too, it is about trading unregistered commodities. It is literally just the same allegations as by the SEC but you can replace “securities“ with “commodities“.

Today‘s news

News from last weeks

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Such news has also happened a lot over the past weeks from others with many lawsuits or at least allegation on Crypto. With the G7, EU, Bank of England and obviously FED making downgrading comments on Crypto and calling for greater regulations, which for them just means more strict regulations.

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70% gain and rally amid banking crisis

But even after all of that, literally coordinated FUD by the governments, the Bitcoin price is staying very strong. We are at literally over $27k (as of this writing) even with the CFTC fud coming in a few hours earlier. Many seem to panic on that, even if $27k would have been seen as a dream two weeks ago, but this is a prime situation for you to just zoom out and see how far we have actually come.