Top 5 Crypto Currencies to Buy or Not, Advantages and Disadvantages and analysis by Attorney Jeremy Hogan. Countries with adoption plans for cryptocurrencies, a few hardline policies and uncertain investor behavior has prompted lawmakers, particularly the United States’ Securities and Exchange Commission,(SEC), to look into a possible breach of securities law in transactions related to the Tether (USDT) and Binance (BNB) Coin.
U.S. Attorney Jeremy Hogan painted a picture why not to in touch with USDT and BNB because of their risk and danger rating in SEC's.
SEC Viewpoint On Regulating Cryptocurrencies
Regardless of Jeremy Hogan’s little heart-to-heart with his avid listeners on YouTube about complications with the USDT-BNB space, the Securities and Exchange Commission (SEC), currently, isn’t too occupied with cryptocurrencies at the moment, reports Decrypt.
Instead, the agency is crafting rules for special purpose acquisition companies (SPACs) in areas concerning short sale disclosures, market reforms and a host of other issues that honestly don’t matter much as far as crypto investors are concerned.
As the crypto market gradually continues to garner securities spotlight, chances are this much attention may spearhead investor sentiment towards buying more and selling less, regardless of any legal action down the road.
Just for reference, Ripple’s XRP took big dips after facing legal proceedings in 2017 for hiding a few losses from the SEC, but right now, it’s still worth almost $2.75 billion and is the 7th largest cryptocurrency by market cap.
So, whatever happens, rest assured your investments won’t get dented if you have any.
U.S. Attorney Jeremy Hogan painted a picture why not to in touch with USDT and BNB because of their risk and danger rating in SEC's.
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SEC Viewpoint On Regulating Cryptocurrencies
Regardless of Jeremy Hogan’s little heart-to-heart with his avid listeners on YouTube about complications with the USDT-BNB space, the Securities and Exchange Commission (SEC), currently, isn’t too occupied with cryptocurrencies at the moment, reports Decrypt.
Instead, the agency is crafting rules for special purpose acquisition companies (SPACs) in areas concerning short sale disclosures, market reforms and a host of other issues that honestly don’t matter much as far as crypto investors are concerned.
As the crypto market gradually continues to garner securities spotlight, chances are this much attention may spearhead investor sentiment towards buying more and selling less, regardless of any legal action down the road.
Just for reference, Ripple’s XRP took big dips after facing legal proceedings in 2017 for hiding a few losses from the SEC, but right now, it’s still worth almost $2.75 billion and is the 7th largest cryptocurrency by market cap.
So, whatever happens, rest assured your investments won’t get dented if you have any.
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