Finishing the year and we have a lot of movement in the crypto world. Thinking that the news that would blow the headlines would be the historic price that Bitcoin would reach by breaking the barriers of 20k, 21k, 22k to 25k currently, but the most outstanding thing so far has been the position of the Securities and Exchange Commission Of the United States (SEC) in relation to XRP, as a basis for issuing security.
Although, it is not the best news for the cryptographic world, even for XRP, we must begin to wonder if this will be a predetermined action or if new similar actions will come against other altcoins that act in a particular way in the space of alternative cryptography.
I can't stop thinking about the interview with Max Kaiser and whose article is published on the cryptopotato portal. In it, he states that the SEC is only tuning engines and that it will go after other alt's such is the case of XLM or ADA, that based on this news, many tokens have presented interesting increases in recent months, with very original fundamentals that They spread throughout Latin America and Europe, especially XLM and its relationship with the idea of the digital euro.
It will be possible that the SEC begins to take strong measures to counteract the overwhelming effect that alternative cryptocurrencies are taking, all in order to see how a Bitcoin rises in days and that adds a huge capitalization, and that the economic disaster of the 2021, where we will see the prices of digital currencies unattainable.
It is certainly a huge possibility that these types of alternatives will begin to be pursued and that it will throw away all that road that has cost the alt's. I do not consider any well-founded alt's a "shitcoin", and I have always criticized the position of many by becoming maximalist when unity must be encouraged for the progress of a different world that defies the rules of the fiat system.
What is raised in this article is serious when considering a kind of hunting season for altcoins, this will considerably affect the balance of the crypto market, even for Bitcoin itself, which could slow its growth a bit.
Let us remember that a regulatory framework on cryptocurrencies is not yet clear and that this could be the beginning of a battle that stifles the growth of initiatives that try to present new escape routes from the already deteriorated monopoly of the printing system. value.
Therefore, the news now the SEC hunter will be on the lookout for many of the crypto that have made offers of unregistered securities, or that would be the main argument to put together all this drama that the digital market is subjected to.
For now, it remains to wait and see what the next move will be, but making it clear that there are very few arguments that the SEC could have to consider and build erroneous accusations, it does not leave much room for action, but, look at how the crypto world acted with the XRP theme.
I leave the link to the article for those who wish to deepen their research and express an opinion on this point, it is important and the community in general will appreciate it.
https://cryptopotato.com/max-keiser-sec-will-target-other-garbage-altcoins-after-ripple/
This article contains its own information and there is no room for plagiarism. You can also read this content on my Publish0x blog under the following links.
https://www.publish0x.com/cryptographic-alchemy/2021-hunting-season-open-xgppvln
Surely the hunters would be on the look