SEC's Gensler Roars: The U.S. Has The Dollar, No More Crypto Needed
Portfolio Pulse from Murtuza Merchant
SEC Chair Gary Gensler stated that the US does not need additional digital currencies and is taking legal action against Binance and Coinbase Global Inc. for operating unauthorized securities exchanges. Gensler aims to demonstrate that tokens traded on these platforms should have been registered with the SEC.
June 06, 2023 | 7:44 pm
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NEGATIVE IMPACT
Binance faces legal action from the SEC, which may negatively impact the value of its native token, BNB.
The SEC's legal action against Binance may lead to penalties and reputational damage, which could negatively impact the value of its native token, BNB, in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Coinbase faces legal action from the SEC for operating an unauthorized securities exchange, which may negatively impact its stock price.
The SEC's legal action against Coinbase for operating an unauthorized securities exchange may lead to penalties and reputational damage, which could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
FTX founder Sam Bankman-Fried faces a pending legal case, which may negatively impact the value of FTX's native token, FTT.
The pending legal case against FTX founder Sam Bankman-Fried may lead to penalties and reputational damage, which could negatively impact the value of FTX's native token, FTT, in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50