But since the actions of the SEC were directed at Binance the drop on its price has been very significant, now the price is down a 22% during the last seven days and now it is trading at levels we did not saw since December of 2022, so in a matter of days the growth that it took half a year to take place simply disappeared, so I hope people are very careful at the moment as anything could happen, especially when it comes to the binance coin and their stable coin.
"Gensler can destroy the U.S. crypto industry, but he can’t kill crypto" -
https://fortune.com/crypto/2023/06/09/gensler-can-destroy-the-u-s-crypto-industry-but-he-cant-kill-crypto/ But I think that thanks to such whales as Coinbase and Binance, the crypto world will defend its right to work in the American market.