3) Could these exchange-related developments potentially trigger a major unforeseen event (a "Black Swan" event)? Or will the approval of a Bitcoin ETF override all other concerns and become the focal point of attention?
Maybe who knows might the centralized down target of SEC might result into. There are lots of possible reason but the clear fact that they wanna control crypto is now crystal clear. Why would SEC want to turn down example such as Binance? Because its an enemy of US market. Surely thry will favor all US exchange only and we knew CZ or Binance is only strong on other countries especially Asia.