Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???
Let's say that happens and the gentleman is found guilty of market manipulation and selling securities. Then the fraud began to be uncovered which ultimately ended in lawsuits. My question is will it affect the industry? We have seen how fraud attempts are carried out and it is not only in this industrial space, but we also see in the old system with different styles of fraud.
For me, this is not scary because that is how humans behave in committing crimes and we have seen this before in several cases that have happened. It's much scarier if you store assets on Coinbase or other exchanges because we have actually been warned not to store assets on exchanges.