EXCLUSIVE: Kevin O'Leary On Binance, Coinbase And The State Of Crypto: 'The Gensler Spatula Is Scraping The Crap Out Of The Crypto Market'
Portfolio Pulse from Justin Roberti
SEC Chair Gary Gensler accused Binance and Coinbase of violating securities rules and engaging in deceptive practices. The SEC brought 13 charges against Binance and its founder Changpeng Zhao, and accused Coinbase of unlawfully facilitating the buying and selling of crypto asset securities. Kevin O'Leary, chairman of O'Leary Ventures, believes this is a step forward for the crypto industry, but not necessarily for Binance and Coinbase.
June 07, 2023 | 10:38 pm
News sentiment analysis
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NEGATIVE IMPACT
Binance faces 13 charges from the SEC, which could negatively impact Binance Coin (BNB) in the short term.
The SEC's charges against Binance and its founder could lead to increased scrutiny and potential penalties, which may negatively impact Binance Coin (BNB) in the short term as investors may lose confidence in the platform.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Coinbase is accused by the SEC of unlawfully facilitating the buying and selling of crypto asset securities, which could negatively impact its stock price in the short term.
The SEC's accusations against Coinbase could lead to increased scrutiny and potential penalties, which may negatively impact its stock price in the short term as investors may lose confidence in the platform.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
FTX Token (FTT) is not directly mentioned in the context of the SEC's accusations against Binance and Coinbase, so its short-term impact is neutral.
FTX Token (FTT) is not directly mentioned in the context of the SEC's accusations against Binance and Coinbase, so its short-term impact is neutral.
CONFIDENCE 100
IMPORTANCE 0
RELEVANCE 0