3min chapter

Coin Stories with Natalie Brunell cover image

SEC Lawsuit Bombshells Against Binance & Coinbase Explained Simply with Sam Callahan

Coin Stories with Natalie Brunell

CHAPTER

The Fed's Aggressive Stance on Cryptocurrencies Is a Good Thing

Gary Gensler is striking while the iron is hot, seeking to correct a year's long error in allowing rampant financial crime to take place. I think it's certainly a better time for the SEC and these regulators to go after these companies because after FTX, after the bear market, a lot of these cryptocurrencies have dropped significantly in price. Retail investors have lost money and lost their savings. But I think that the timing of this with the SEC, it's more of political in nature and how it makes them look good.

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