SEC Down against Strong but Not out against Weak

     The arrogance of the SEC is falling in the present circumstances, but it looks like a sign of desperation, and the SEC is in a quandary. 

Giggle on Coinbase

     Since the SEC does not have any clear regulation, it has given the Coinbase case a ridiculous turn by giving the example of the Terra scam that happened due to a lack of control over it. What Gary forgot here is that the SEC intentionally didn't act on Terra as well as FTX. There is no secret about Gary's liberal stance on FTX.

Disappointment on Ripple

      The SEC has appealed to the Second Circuit, but Hinman speech has already weakened the SEC's chances. So, taking the middle path, the SEC has removed Ripple from the list of securities, and it is only questioning the sale of XRP. Here, Gary forgot that if Ripple is not a security, then probably the SEC has no authority over it.

 Strong against Weak

   SEC is displaying its full force on struggling, less popular platforms; for instance, on Bittrex, the SEC requires simply settlement and does nothing more; SEC is powerless to take bold steps. Nothing but the US crypto business will be impacted by this, and that too will not help the SEC.

Brought to you by Yugocean, originally posted here.