I guess SEC are not really against crypto afterall
When the name SEC is mentioned within the cryptoverse one thing always echoes in the hearts of crypto enthusiasts, 'the decentralized haters are here'. No doubt, they have been a real disturbance, always creating scenarios that try to dim the future of blockchain technology. We have heard and read from them on several occasions and they seem not to be backing off. Neither are the crypto enthusiasts also, we keep pushing the future of transactions knowing the positivity of decentralization.
We have seen cases where they have been disgraced severally by big Crypto firms in the court, one of them was when Ripples had that partial victory to their favor which raised the needed hopes for crypto lovers. In another case , we have seen the SEC prevailing due to one mistake or another by Crypto firms, one of it has been the recent hit on Binance which forced CZ to step down as CEO for a while with fines to both CZ himself and Binance as a company.
I have been checking how the SEC cases against Crypto are always resolved, it's always down to a fine and the SEC goes their way to attack another day. Don't know if you are getting the business already, SEC are always after some chunk of money to the government pause and that's a job well done. Do you really think they wish the Crypto market to shutdown, come on, how will they be getting these share.
I guess SEC wants a Share of the Spoils
Have you been observing the SEC do not put up any case with small exchangers, crypto firms or individuals. They just wait for you to grow the market and they start tracking your history, looking for where you once faltered so they could execute from there. Or perhaps wait for any latest fumbling which could cause them to drag you where they can get the needed bucks out of you. Their mentality is, these guys say they are not selling securities, if they are not paying the tax, then let's make it a fine.
These guys are very funny I must say, they've just set this strategy in place and they keep on executing. Why have they not dragged the locals yet?, just imagining the SEC answering; ' no, we can't waste our time pursuing any court case we won't get a huge sum in case we succeed, we don't really care about jailing him or them, we just need our cut', Don't know if you concur with this imaginary reply. You can make transactions with you wallet and exchanger and the SEC does not come banging, just be careful when your standard raises, that's an icing in the cake, a lucrative ground for SEC's financial trap.
Do you know how much SEC took from the cryptoverse last year and this year also, they have made a huge interest from this industry in the name of defending and promoting a good business environment. If the SEC really thinks crypto is illegal, I guess they should pass a bill to stop every citizen from transacting. It's not easy though, but I tell you even if it were to be that easy, they wouldn't. Why would they do that, are they not humans or you think they don't own portions of crypto assets in their wallet?
You think the SEC is a robot, they are humans coming together to exercise their given governmental authority. They even claim crypto asset is a security which means they've seen a lot of value in it. Financial experts are amongst the team who dare not miss such an opportunity that cryptocurrency through blockchain technology has brought to the table. I have come to realize this SEC vs crypto is not a fight, they just want the money and since they don't have any polite way to ask for it, they introduced their means in the name of law.
What future does Crypto have?
Do you still need to be encouraged at this state, bitcoin fell to its worst level and bounced back. Aside from this the SEC needs the cryptoverse more than you think. Though you would see it as oppression which is what you should be used to when dealing with people in authority, it is a lucrative ground to feed off every mistake. You know the cryptoverse is a new system and mistakes I must say seem inevitable, one way or another, as a firm or exchanger you are likely to make one or two mistakes in business operations. Maybe to render the needed customer satisfaction just as in the case where Binance was accused of linking unwanted parties to the United states.
Cryptocurrency has carved for itself a name and reputation that cannot be dusted off. We have seen a glimpse of the future and there is no turning back. If crypto were to be eliminated, just get ready, something far bigger would emerge through the same process. There is a lot of power behind blockchain technology and as long as you can keep your PC and I keep mine, the game is always set. There is no need to panic here, just find a well researched and suitable platform to invest your assets and rip rewards. In short I must tell you, I want to invest a lot on crypto this coming 2024, the SEC are just hanging around for spoils not really to spoil the system.
To conclude let me add, the game the SEC are playing has become very clear to me they are after their interest within the walls of cryptoverse. Don't think they want to pull the system down, no, because they can't and they know this yet they can make some substantial gains if firms and exchangers make one or two mistakes and in the name of their so called law, they will come knocking, not just ordinary doors but one with the needed milk and honey. This people have seen a flexible financial ground and they can't just get their eyes off it, they just keep on turning papers looking for laws to use against you and even when the fail they go back to replan, they know one fine is worth the disgrace, believe me, they know the game they are playing.
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