Whenever regulators want to bring dirt on cryptocurrency and the blockchain, they talk about money laundering. This is something that happens in the current financial industry and some get overlooked, yet, when it comes to crypto, regulators try all they can to break and Mar the industry. They try to make sure that people are skeptical about investing in cryptocurrency.
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A lot has happened since the bull market saw an exit into the bear season. Plenty of events vying for attention and breaking all the loose ends we have all been trying to tie in crypto.
We have had the likes of the meltdown of Terra/Luna, then we had the FTX sage, and presently our biggest exchange, Binance, is encountering a lawsuit.
What are they trying to gain from this uproar? It seems every circumstance that has spurred in this industry brings a lot of focus to crypto, and the government is afraid that power is gradually leaving its hands into that of the citizens. And they are trying all they can to create events that paint the industry as bad for Investors.
Targeting the largest exchange to them would mean that, if the shepherd is struck down, the sheep will wander off into danger. So they are trying to kill the biggest exchange in a bid to cripple the rest of the exchanges networking around them.
Crypto is here to stay, and the sooner the government or regulators get accustomed to this, the sooner their headaches will be attended to. A lot of people have come to embrace cryptocurrency, and this is only the beginning of the best that is to come.
Giving Binance multiple lawsuits or less won't change this fact. We have seen the difference between the old system and the new one that crypto presents. And we would be crazy if we don't choose the cryptocurrency industry that offers freedom and control of our finances over their slavery-influenced financial system.