"There's Something Deeper Going On With This SEC Staking Regulation" | Mark Yusko

The cryptocurrency market is still showing red at the time of writing.. But just slightly, as Bitcoin is down 0.4% in the past 24 hours, trading for $21,708.92, and Ethereum is down 1.4%, in the past 24 hours, trading for $1,520.89, as news broke yesterday that more regulation is coming from the SEC. As stated by the SEC, Kraken agreed to discontinue the unregistered offer and Sale of the Crypto Asset Staking-As-A-Service Program and Pay $30 Million to Settle SEC Charges. The crypto community at-large is befuddled and disgruntled at the move from the SEC, as this is clearly another step to make it harder for cryptocurrency businesses to compete on-shore. Many crypto investors, pundits, and enthusiasts believe this is just another step from the SEC to further an agenda unknown to many. Investor Mark Yusko chimed in on the 3T Warrior Academy Podcast. Yusko believes that ultimately, all of the regulations are just roadblocks delaying the inevitable success of cryptocurrency, specifically Bitcoin. In Yusko’s view, no matter what they do, they will not be able to stop Bitcoin. However, they will make it difficult for the time being. Yusko believes although the actions from the SEC might appear to be implemented to protect the consumer, their real intention is not for the benefit of crypto.
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