Yesterday after massive bull run in crypto market ,it was sudden crash where millions dollars wiped out.Crypto market which is totally unpredictable and with full of FUD &FOMO .
One of the FUD was SEC sued to coinbase for operating unregistered securities which sometimes i am too confused about next SEC step against crypto industries.
But the FUD became real where coinbase itself tweeted to clarify the situation .
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-----------------------------------------------------------------------WHY SEC IS SPOILING GOOD REPUTED CRYPTO FIRM SUDDENLY AFTER SUCCESSFUL OF THEIR LAUNCHING & OPERATION?
Ripple was the first victim of SEC threats later victimised to LBRY credits and now Coinbase .The Drama of SEC is not helping the world to adopt new technology but puting all these leading firm in trouble.
Do you remember when Ripple was sued by SEC last year then it impacted so badly on ripple and it started loosing its credibility among its investors and soon there was another story where SEC started suing LBRY credit for unregistered securities concern which LBRY already cleared its statement through many proof of documents but it looks SEC is not in the learning mode and blindly pouring hot water in every crypto firm and now it goes to be victimised to Coinbase.
DOES CRYPTO INDUSTRIES COME TOGETHER TO KNOCK THE HEAD OF SEC ?
I think yes, this is the time where every crypto firm needs to be come together to fight with SEC monster who is trying to kill every crypto warriors without any valid reason .
Today is coinbase , tomorrow would be HIVE blockchain and it will go on and on..
Blockchain world is the next booming sector where gaming , defi , nft is doing quite well and creating earning opportunities fo the world from any corners but Fiat is getting down from the power and this things SEC can not tolerate and thats why they are trying to blanket cover just blindly without any evidence.
Legal Tender Vs Critics of cypto currency
The country like EL Salvador has recently legalised Bitcoin as legal tender and promoting its citizen to adopt as fast as they can . Yesterday EL Salvador celebrated Bitcoin Day and bought 200 Btc which is a positive sign where many other country will follow the path .
There are many critics as well exiting in same circle frame who don't want crypto to grow quicker as they are trying in pour many FUD in the way .
I heard from my friend that Banking sector sees crypto as threat for their existence and they don't want crypto to be next internet revolution as how in early stage internet was badly criticised but later we see today internet is ruling the world.
Crypto opens opportunities for third world countries
I don't want to go in detail about how crypto is going to benefit the world but simply i will indicate to third world countries where earning , Financial ecosystem, Gaming , Arts are all under developed and crypto is the only source to make them happy and equal to other part of the world.
Can you guess how Hive is changing the lifestyle of many in just early stage for those countries where average income is earned by individual is less than a dollar value in single day .
Hive and its native tokens like Leo , Spt , PoB , Stem and many more where anybody can fit to earn on the base of their skills . Even DeFi on leo finance is not bad to go with where transaction fee is cheaper and more reliable .
Crypto industry is not going to die but little barriers will exist always in the form of SEC ,politics & countries. If you read this article and still think i have wrong perspective then read this article again after 5 years when one Hive will be worth of more dollars in value.