SEC Halts Binance US: Assessing the Future of Cryptocurrency Regulation

Not a great time for crypto

We are already in a crypto bear market that still persists without showing us a clear path to recovery. In the meantime, we have the SEC that keeps going with its attacks with 13 laws against Binance.

I don't know what the real motivation behind the US government where they don't provide clear guidance. Instead of keeping with the current attitude to bring those battles to the court.

A system that has proved it can take a huge amount of capital, energy, etc...

Can you imagine being in the shoes of the Binance CEO? It might be a real challenge for him to stay afloat with a positive vibe and attitude.

The US dollar bleeding...

We are at a convergence point the US is starting to lose its position of domination globally. They just keep rising the debt ceiling with more trillions of dollars.

The solution is just to keep printing more money and diminish the purchasing power of people. I can start to understand why the BRICS countries want to finish with this global currency.

Central banks keep purchasing gold to increase their reserve on their balance sheet. They know the US dollar is near its end as a global currency.

Humans always keep repeating the same mistake over and over! In a real economy, the notion of easy money does not exist.

People need to bring value for people to make a real economy.

Now they want to freeze Binance US assets

I have difficulty with this move because I don't believe Binance deserves to be attacked this way. The ongoing battle between Ripple and the SEC still persist since 2020 and the battle is not yet finished.

Can you imagine if they freeze their assets how people will get their money back? I don't understand how the SEC is thinking in the current attack against Binance.

How the company will pay it is billing and met it is obligations?

Something we need to understand! The real motive behind the US government it they scare about crypto.

When you read between the dots... When you use crypto, you can still stop using the US dollar entirely.

In my case, I never use the US dollar and I wake up each day without stress. The US dollar is only paper backed by nothing!

It is only a system of value for exchanging goods and services that people trust to use.

Motivation to Attack a Chinese Entrepreneur

We know the US has a big challenge with China that is becoming more powerful each day. The rivalry between both superpowers is there and hope not to see a war materialize in my lifetime.

We have seen the same thing with the plan to ban TikTok on the US mainland. We live in a period of uncertainty and I don't know where that might go.

This builder has facilitated millions of people to be exposed to the crypto industry.

It is maybe a political move! It is hard to decipher the real agenda behind the US government's move.

What I am thinking

I am not happy to see this industry that I love so much be attacked once again by central entities. Crypto companies do not have clear clarity on how to operate within the US territory.

Now those crypto entrepreneurs need to do a step back and fight a boring fight.

I have good faith that something powerful will come out of this battle. Maybe more clarity because I know deep in my heart crypto is here to stay.

Have a wonderful day!

PS: It is only my personal opinion and always remember I am not a financial planner and always do your own research.