But not all exchanges will crash. Do you agree with me that Coinbase is an exchange founded in 2012, and so far, it is doing very well and without any problems? While not all will be as reputable as Coinbase, not all CEXs will collapse. Not to mention we always trust the Ledger and have you seen the rumor about it? Everything will be safe until it collapses.
And Binance initially too, they were strong but when it comes to the SEC there will certainly be some impact on the crypto market. Likewise, Coinbase might also get some problems. Although it looks strong it is not recommended to store all assets in any CEX, the safest is a personal wallet, Non-Custodial Wallet because it has full control without third parties.
Binance get sued by the SEC on allegations of violating federal securities laws.
https://twitter.com/coindesk/status/1665739863730135042?s=46&t=qiShzQbMhPt-0IDwGYJ_pQ
Yes, this is trending news at the moment, but as per the facts. The only thing affected is Binance.US, and Binance.com is not affected at all. https://twitter.com/coindesk/status/1665739863730135042?s=46&t=qiShzQbMhPt-0IDwGYJ_pQ
That's what CZ said on his Twitter.
https://twitter.com/cz_binance/status/1666202238933426178
Quote
Clarification: this could only affects http://Binance.US, IF granted by the court.
It does NOT affect http://Binance.com. Funds are #SAFU
It does NOT affect http://Binance.com. Funds are #SAFU