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The FTX crash was quite a huge blow to the crypto world. However, it didn't stop there, did it? SilverGate crashed, and Silicon Valley Bank crashed. Not to mention the accusations that are being faced by Ripple.
As SEC is being cornered to investigate the crypto industry more thoroughly, it is now Coinbase that faces the sword.
Will crypto finally fight back? And what do all these crashes and clashes mean for upcoming crypto projects like Big Eyes Coin? Should you invest or stay clear from crypto? What is the right thing to do?
SEC has accused Coinbase, the largest US crypto exchange, of violating a number of investor-protection laws. This is a decisive battle that will shape the future of crypto-to-fiat conversions.
Chaired by Gary Gensler, SEC is bound to get hurt if they fail to convict Coinbase. Do remember that Coinbase is accused, not convicted.
Brian Armstrong, the C.E.O. of Coinbase has taken an obvious, defiant stance on the matter. Coinbase has publicly criticised the actions of the SEC while urging the regulators to form new laws for crypto – a fairly new industry. It does not make sense to impose old or existing rules on new developments.
Following the arrest of Sam Bankman-Fried, the CEO of FTX, SEC is under intense pressure to crack down on the crypto industry. As stated by Neel Maitra – partner at Wilson Sonsini Goodrich & Rosati, and crypto specialist at SEC – "Much will depend on the precise form that the SEC's potential action takes."
Given the track record of the SEC, they NEED to convict Coinbase if they do not want to come out as bullies. On the other hand, Coinbase NEEDS to get out of this unscathed if they want to retain its position as the largest US crypto exchange. After all, when the SEC vs Coinbase news broke in the market, Coinsbase's shares fell by 12% in an extended trending period and were magnified with an 8.16% drop during regular trading hours.
Will Coinbase fall? We do not know, but what we do know is that none of this is a concern for credible and innovative projects that carry a high potential for growth like Big Eyes Coin.
The war waged by SEC is supposed to be concerning for projects that are duping or playing under the table. Nothing to worry about for clean and ethical projects like Big Eyes Coin.
It is not us who are telling you that Big Eyes Coin is awesome, it is a hoard of people, who have helped the project raise more than $32.4 million in their presale stage, that tells you how cute Big Eyes Coin is.
Given the scenario, you must be finding it hard to trust crypto projects and their sincerity. However, if they are audited like Big Eyes Coin, you can definitely trust them as they have had their financials checked by financial experts.
As a matter of fact, this "war" may just be a good time to buy crypto as it can be seen as an opportunity to "buy the dip." To your good luck, Big Eyes Coin is offering a 250% bonus on their pre-sale sign-ups.
Use the code 'Bullrun250' to get the bonus.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
