SEC for years crypto money continues to increase regulatory pressure on cryptocurrency markets. Again, it’s the commissioners who criticize him. Peirce and Uyeda have repeatedly argued that their agency is acting to stifle the crypto industry without providing the necessary legal guidance or establishing rules.
Trump, Crypto and the SEC
Trump’s coming soon DeFi protocol will start and complete the token sale and then we will see the headline “SECfiled a lawsuit against Trump and his team for issuing unregistered securities” yes, this will happen. There is no need to see the future because we know that Trump will openly open up roughly 60% of the supply to individual investors through a token sale. The project’s team, codes and many other details have already caused enough chaos.
Speaking with SEC Member Mark Uyeda, Journalist Eleanor Terrett asked him what Trump thought of the DeFi project. The answer he received was a foreshadowing of things to come.
“Without commenting on any specific project, the Commission is a disclosure regulator, not a merit regulator. We do not assess the merits or risks of any particular project so I cannot assist with calls for us to do so.
The SEC’s war on crypto has contributed to the perception that we have become too politicized in recent years. If I were talking to President Trump or any other crypto entrepreneur, I would tell them to get good lawyers. Because without clear guidance from the Commission, they will have to go through the same confusing and exhausting process that all other entrepreneurs in this space face.
May their path be clear.”
He is right in his advice to find a good lawyer. The “war” style that Uyeda drew attention to has reached a level where the SEC is harassing US-based cryptocurrency companies. eToro is now BTC, ETHwill not be able to facilitate the purchase and sale of assets other than BCH. Coinbase continues to fight in court. Ripple $0.583018 is preparing to complete its fourth year in the case as we wait to see if the SEC will file a final appeal on October 7.
Trump, Poll and WLFI Coin
WLFI Token Trump, who has been involved with cryptocurrencies for several months, DeFi project will have money. With his sloganized ideal of making it easier for people to access finance through DeFi, Trump may be trying to get himself sued right before the election. Perhaps the assassination attempt helped his votes, and the SEC suing him for this reason is the real goal of the project rather than “access to finance.”
In the latest polls, Trump has 47% of the vote and Harris is ahead of him with 49%. The current US News poll shows Harris’ vote at 48.3%. On crypto prediction platforms, Harris is ahead by a larger margin with 52%. Cryptocurrency investors are starting to think more realistically as the elections approach.
The meme coin MAGA (TRUMP), attributed to Trump, continues the day with a 4.3% increase at $2.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
