I'm Not Selling! There do I get my free karma?

Seriously can we chill on the selling/not selling bullshit posts? We get it there's a lot going on right now thats not a good look for crypto.

If you have any doubts that the SEC, and probably the treasury are not out to get crypto I've got news for you. These lawsuits aren't to influence the people already invested in and interested in crypto, they're to sway public opinion to push the narrative that crypto is dangerous and full of scams, which to be fair, it is. That's not all of crypto though, thats the CEX's which even then are not as dangerous as people make them out to be (although yes you shouldn't have all your eggs in one basket, and preferably keep them in a cold wallet) and the shitcoins/memecoins that exist solely to rugpull.

Members of government, some not all, and different agencies such as the SEC are not dumb, they have interests to protect and one of those interests is maintaining a strong and stable dollar- which let's admit the dollar is a joke. One reason the US is such an economic powerhouse is because plenty of business around the globe is done in USD. If people start to lose faith in the dollar, a different currency will take the lead, probably the Chinese Yuan or the Euro. If people are leaving behind fiat USD for crypto, in the eyes of the government, this weakens our economic standing.

When it comes to CEX's and regulation,et's not pretend though that the SEC has made any true efforts to provide legislative guidance. Coinbase in particular has been asking for advisement, SINCE LAST YEAR, on what assets would qualify as securities and the SEC has outright denied their requests. This is public information.

Even the timing of these lawsuits has been ridiculous. Currently there are posts talking about whether or not the CEO of Coinbase committed insider trading offenses. CEOs, even at a CEX are required to disclose their sales and purchases well in advance. The CEO did not hear about an incoming suit and immediately choose to sell off in the same week, the trades were disclosed ages ago as quarterly withdrawals. Again this information is public and something the SEC would absolutely have knowledge of. So ask yourself why the SEC chose the specific date it did to serve Coinbase.

At the end of the day, selling or not selling you've got to see these lawsuits for what they are, bullshit pandering to uneducated masses to stay away from crypto because everything is a scam. They want to make it look unattractive, they want to make it difficult for exchanges to operate, and ideally they want crypto to not exist but the US does not exist in a sandbox.

Crypto and associated industry is worth over $1.15T. That's a shit ton of money that could be circulating within the US. There is a reason why they are pushing against that.

If you think these suits are the death knoll for crypto, you must be new because crypto as an industry has been put through the wringer time and time again. This is just another case of it. If you're telling everyone here to not sell, well as far as I can tell many aren't, and if you're hugely in the red, why would you sell? The markets do bounce back and you're already invested so wait out the storm. Bear markets aren't forever, but I'm certainly buying like crazy despite the chaos going on because eventually shit will go back to par.