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Binance and Coinbase were sued by regulators. Days after, Crypto.com is a target of media allegations of insider trading. Hours later, Abra and CoinEX were issued cease-and-desists. All just before many financial giants make their move into crypto. That's

All Cryptocurrencies

by COINS NEWS 117 Views

On the Monday and Tuesday, Binance and Coinbase received lawsuits from the SEC. Both were regarding staking being alleged securities and Binance's suit involving a fair bit more. Then days later, the Financial Times reported alleged internal trading by Crypto.com. A few days after, regulators issue a cease-and-desist to both Abra and CoinEX. Quite a number of major exchanges hit within days of each other.

Very soon after we see the likes of Mastercard, Citadel, Fidelity, Charles Schwab & Duetsche Bank making entries into crypto within days of each other. This is on top of more filings and refilings by Invesco, ProShares, WisdomTree & Valkyrie.

All I can say is, that time is all rather convenient.

submitted by /u/OneThatNoseOne
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