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Does SEC control the Crypto market?
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[QUOTE="harrie blaze, post: 319996, member: 103098"] The Securities and Exchange Commission (SEC) plays an important role in the crypto market. SEC regulates all public securities markets and the financial reporting of public companies. The SEC has the authority to scrutinize any cryptocurrency if they feel that it is not good for publicuse it can also affect the crypto market as well. We have seen much news that SEC believes that a few cryptocurrencies are not secure and delisted them or made a case on them. One of the biggest cases that made highlighted is Ripple VS SEC. SEC believes that Ripple is not a security. The recent conclusion was on July 13 2023 where U.S District Judge Analisa Torres ruled partially in favor of Ripple. But still, this case is not finished the conclusion is yet to be announced. Recently there was big news that SEC asked a big trading market platform to stop trading on any other coin except Bitcoin and the CEO Brian Armstrong asked SEC for reasons but the reply was not up to mark but CEO believes that they will win this case but this news effects them a lot they were on the top once and now they are on the second place. SEC can easily affect this market and it plays an important role. What are your thoughts on this? Do you think that SEC can effect this market positively and negatively as well? [/QUOTE]
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