Tension in the cryptocurrency market
The SEC and the companies it has trouble with are causing anxiety in the cryptocurrency market, and the pressure on the market is adding to the stress.
While the cryptocurrency market has been moving sluggishly with profit sales for the past week, the SEC has been having problems, first with Kraken exchange and later with Paxos, the blockchain platform. As we will remember, the SEC, with its decision last week, canceled the staking program of the Kraken exchange and caused a 5% decrease in Bitcoin. On the other hand, America-based Paxos, the company that produces BUSD, the dollar-pegged stablecoin of Binance, the world's largest stock exchange, is currently having trouble with the SEC.
Tension in the cryptocurrency market
The SEC, which unexpectedly announced that the BUSD stablecoin is an unregistered security, caused concern in the crypto money market with this statement. These institutions, which are preparing to sue each other, increase the pressure and stress on the market. With these developments, Bitcoin is priced at $21,730 this morning, while Ethereum is trying to protect the $1500 region. While the overseas stock market is buying, such developments pose a risk on the crypto money market.
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