SEC against exchanges: what will happen to bitcoin – Bits Media

This week the US regulator filed lawsuits against Binance and Coinbase exchanges. Cryptic Refined by a sharp fall, small recovery and returned to the red zone. What will happen next?

With the advent of large crypto -streaks and the release of cryptocurrencies outside small and technically saved community, regulators around the world closely monitor the development of the industry, Trying to take her under control. The next court claims fenced the cryptocurrency book this week.

Securities and Exchange Commission (SEC) - American regulator, for a long time trying to attract crypto officers under his jurisdiction, I went on the warpath and presented Binance cryptocurrency, her American unit Binance U.S and their founder Chanpan Zhao (Changpeng Zhao) accusations on 13 item, and also sued the Coinbase platform.

What's happened

Earlier this year, SEC has already taken the first steps against the crypto industry, Starting an investigation into the activities of the Kraken crypto -tank. However, claims to the activities of Binance and Coinbase are larger.

• Binance. The main accusations: Providing brokerage, Exchange and clearing services without registration in SEC, Trading securities, launching programs of earnings on cryptocurrencies without proper warning about risks, providing services to American citizens, deliberate concealment of information and systematic violation of laws. Particular attention in the lawsuit is paid to the "cynical neglect" of the laws of the United States, leading to the enrichment of representatives of the exchange for billions of dollars.

• Binance U.S. The American unit of the exchange, which was created in an attempt by Binance to sit on two chairs, For the most part, the same charges were brought, that the global platform. However, in the case of Binance U.S, The regulator also demanded blocking the exchange accounts and return all funds, Including cryptocurrencies, American clients.

• Coinbase. The regulator has fewer complaints to this platform. The main accusations come down to that, that Coinbase provided clearing and exchange services without appropriate registration in the Sec, and also traded cryptocurrencies, representing securities. The program of the stake of the platform was hit as an unauthorized trade in investment contracts.

Coinbase previously demanded certainness from the authorities in the regulation of the crypto industry and declared, What can leave the USA, If the situation continues to aggravate. Binance has previously created a separate American branch for work in the United States, and also announced compliance with sanctions, USA imposed on different countries. However, these actions did not protect the exchanges from the close attention of American regulators.

Market reaction

In addition to the charges brought to exchanges, Secre I wanted against binance and coinbase called 19 Cryptoactives securities. Sols were hit by SOL traded on both exchanges, THERE IS, MATIC, FIL, SAND, MANA, Something и axs.

The cryptorrhene expectedly reacted to the negativity of the fall: Cryptoactives, those who fell into lists, Lost at least 6-8% Prices. At the same time, bitcoin, which was not in any of the lists, fell more than 5%. In the middle of the week, Bitcoin managed to recover to $ 27,000 after falling to $ 25,400. However, on Thursday, the market again turned into the red zone and the price of BTC, Like other crypto assets, Again began to decline.

It's hard to say so far, What will happen to the price of bitcoin and other large crypto assets. Large claims of the regulators against crypto -rhms force investors to worry. Panic sales begin, The withdrawal of crypto activists from the platforms due to fears with liquidity problems on the sites. However, even the SEC lawsuit could not seriously bring down the price of BTC: swing in 5% long ago they have become commonplace for the first cryptocurrency and they can hardly be called something out of the ordinary.

Bitcoin is ready

During short -term market recovery after falling more than 5%, The Bitcoin holders managed to benefit, who timely prepared them for sale. Even when trading on large exchanges and P2P platforms, There is always a risk of getting “dirty” coins.

Such bitcoins will subsequently be very difficult to sell: Many cryptocurrencies and exchangers use analytical, noting suspicious addresses and helping to freeze user assets until the origin of the funds. Such checks can lead to blocking the account on the exchange, What makes it impossible to operate BTC.

You can avoid such a situation with the help of a Bitcoin mixer. In full anonymization mode after cleaning on mixer.money, the user receives bitcoins from large exchanges of cryptocurrencies with turnover 1 000 000 BTC per day. It becomes impossible to track the origin of coins, Such bitcoins are not determined by analytical software as participating in mixing.

For mixing through the site, you can use TOR mirror, as well as the official bot mixer.money in Telegram. Cleaning coins takes up to six hours, and the maximum service commission is up to 5% through the site and to 4.5% through the bot + 0.0007 BTC.

The main danger to bitcoin and market is the further development of the situation with Binance. The collapse of such a giant will affect absolutely everyone in the industry, Not only platform customers. However, Binance works around the world and has liquidity and market makers outside the United States. A lawsuit from the world's largest financial regulator is an unpleasant situation for Binance, but so far there is no reason to believe, that this is the beginning of the collapse of the largest crypto exchange.

It is worth being prepared for any scenario in the industry and promptly preparing bitcoins for sale using Mixer.money.