With Binance being sued by the SEC for several violations and the SEC declaring 10 main cryptocurrencies as securities the sector is poised to suffer considerably. BTC is already recovering but the political landscape in Washington wants crypto gone. Whether this will succeed or not, it is meant to push all prices down for a considerable period of time. $COIN is not going to be in a good place as it is involved with most of the tokens below that are now all in trouble and it has been sued itself for multiple reasons
https://www.tradingview.com/chart/COIN/ugfxW7MB-Coinbased-poised-for-short-as-SEC-attacks-Binance/
The SEC attacks crypto by suing Binance but allows banks to fail. How is this right? BTC is already 6% down today on the news. Not only that but the SEC has done on to declare 10 of the most popular cryptocurrencies as securities in a brutal attack on the whole sector.
Some of the "alleged" securities: SOL ADA MATIC ATOM
Companies such as Coinbase $COIN are next and are meant to suffer. Meanwhile, the SEC has failed 100% to safeguard from scams such as FTX, Celsius and other crypto lenders.
https://whatthefinance.com/newswire/sec-attacks-crypto-allows-banks-to-fail-5410
