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Beware! Numerous hints of some regulatory measures coming up tomorrow.

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by COINS NEWS 205 Views

Numerous hints of regulatory measures coming tomorrow, better to ensure your risk management is on point. Just to list a few:

1> Lowering withdrawal limits of Non-kyc users on exchanges. (Binance) Source

2> Exchanges lowering leverage to max 20x (FTX, Binance, Kraken) Source

3> Uni not allowing some assets to be traded.

4> CZ (Binance CEO) and SBF (FTX CEO) showing efforts to be more compliant with local regulations.

CZ - Binance CEO thread, SBF - FTX CEO thread

All this seems to direct towards some new information coming out and a regulatory date tomorrow. FOMC FED meet tomorrow , Elizabeth Warren Gives SEC July 28 Deadline to Figure Out Crypto Regulation

Maybe regulations were inevitable with institution interest such as Morgan Stanley applying for Bitcoin ETF. Source

And even though, all this sounds long term bullish but might be bearish short-term as market doesn't love uncertainty. Position yourself accordingly.

Edit: Not an FUD! Damn people are angry and downvoting, even when the post is tagged speculation and sources are provided. Should have posted something generic or bullish to bag those sweet moons.

submitted by /u/being_classy
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