Re: No impact of SEC freezing USA Binance assets

Quote from: krishnaverma on Today at 03:26:28 PM

https://www.cnbc.com/2023/06/06/sec-asks-for-emergency-order-to-freeze-binance-us-assets-anywhere-in-the-world.html

There is a shocking development where SEC asked to freeze Binance assets. However, the immediate effect of this news was not negative. Bitcoin prices and other coins also moved up even after this news. It shows the trust people have on bitcoin. Those who were investing casually are already out of the scene. The current holders have got strong hands and it means that prices for good crypto coins will only move up from here.

Any bans from the SEC will not affect the global market. Yes, we will have a price storm for some time, but I do not think that this will last very long. Also, I don’t think that traders will have problems with those assets that get delisted; there are plenty of other exchanges that work without verification, so globally, I think we won’t even borrow any major changes.