The SEC is coming after CZ and BNB once more and while I think Gary Gensler is way in over his head, I still feel that it's actually time, CZ learns how to play the SEC's game, about 130 pages of charges, sure, no one will bother reading them, but what everyone understands is that Gensler is poking at BNB and waving the unregulated wand.
There are two things I feel this charge has established, to some people, they'll be like ahhhhhhh here we are again and this is because they're used to the lawsuits and expects the coast to clear as soon as possible, to some others, a period like this is when they validate their claim of not getting into coins like BNB
a push or a dip in price, validates the investment choices of people who are going or coming, at the end of the day.
However, we've come to see that the SEC's attack creates a dippy impact
Ooppppsss, the big guns
The market has not gotten to that position where these lawsuits will majorly have no impact.
However, while crypto activities might even increase in so many places and prospective adoption happens, it's like CZ and Binance seem to be the arrowhead that tends to dent whenever the SEC approaches with their latest attack in the US.
When the sec came for Ripple about two years ago, I believe up to 90% of people in crypto never felt it, and CZ has come under fire for not creating a united front when it was Ripple
To be very honest I think these conjectures might have some sense of correctness to them
Here's why
If we were to go back in time to when the SEC began its attack we'd realize that the major way to fight them was present a united front. Of course, I know it's easier to say "but ohhh different folks for different projects"
and it's also true that the SEC have not truly defined what assets and securities are, but then, I think some of the projects know this already and try to present an open and spotless book for the SEC to endlessly dig and come short whenever they do so.
The market is really tired of these endless lawsuits and for once, I feel this is getting to CZ too.
There's No Understanding The SEC
Some parts of the industry are beginning to look at CZ funny and urging him to give the CZ their bone so they can stay off his back for now. It's relatively easy to get your trust hammered when that one big shot in the crypto industry is getting constant lawsuits upon lawsuits, but at the beginning of the year, CZ totally predicted this.
He probably knew a lot of hits would come for him, but my point is, how many steps has he taken to reduce some of these litigations?
He probably didn't predict Gensler would come this hard for him, and I'm guessing he's a man in the industry who is beginning to learn what it Means to face so much legal pressure as Ripple did.
In reality, I think he'll survive, BNB will survive
It's a bump in the road and he's now beginning to understand what it means to present a united front. He's basically garnering support here and there because he needs everything.
I even heard rumors that he might be considering stepping down as the CEO, but I believe if he does, will the next person have that much endurance to face all that pressure that comes with staying on the hot seat?
I don't know, but I think it's time for him to make collectively smart decisions.
The Night Time Eventually Ends
The time for dilly dallying is over. He needs to educate his customers, create spontaneous responses, so everyone can easily feel his transparency.
A lot of people know the SEC is not really trying to protect anyone's money or investment, they're just doing what the Biden-led administration has charged them to, however, there also has to be a level of transparency to dissolve whatever shinanigan the SEC is pulling.
These guys (the SEC) are tapping I to the possibility that CZ will leave a bone for them to chase, this is why the man (CZ) must take steps in making some important adjustments.
I believe a win for him is a win for all, this is why everyone seems to be interested. At the end of the day, I believe it's just another major bump in the road.
Interested in some more of my works?