July 13, 2024
11 11 11 AM
Latest Post
DePIN Can Power a More Sustainable GenAI Industry Conduct Versus Code May Be the Defining Question in Roman Storm Prosecution Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists MakerDAO’s $1B Tokenized Treasury Investment Plan Draws Interest from BlackRock’s BUIDL, Ondo, Superstate Why Blockbuster Games Will Soon Be Built on Modular Appchains Traditional Money Launderers Appear to Be Using Crypto, Chainalysis Says CoinDesk 20 Performance Update: XRP Gains Amid Overall Index Decline SEC Drops Investigation of Bitcoin L2 Stacks Builder Hiro, Filing Says XRP is the Sole Major in Green as Bitcoin Bulls Remain Sidelined First Mover Americas: BTC Retreats From $60K


The Concerns about Crypto

The crypto currency industry is facing a major court cases with companies like Gemini, Coinbase, and Ripple taken to court. There are concerns about whether this is the end of crypto m. Or we see a swift takeover underway by the incumbent. One company, Prometheum, has gained approval as the only firm with a license to sell digital assets deemed securities by the sec. These crypto asset founders have registered with the SEC under Gary Gensler’s regime. Prometheum Is rumoured to be an arm of the incumbents, pushing crypto groups into registering. When done so they’re listed on its website. Prometheum has strong links to China’s CPC. There are concerns that this will lead to a loss of regulatory clarity and an end to crypto in America.

The Sec Approval

The approval of Prometheum has sparked a debate about the need for greater regulatory clarity for digital assets. The federal Securities laws have proven to be an effective system for protecting investors and customers’ funds and assets, and the SEC relies on FINRA to oversee these vital securities functions. However , promethium’s website states that it supports many tokens that mostly trade on crypto exchanges, so there is concern that its customers will not be able to trade in Bitcoin and Ether, the most popular digital assets.

The take over of Crypto

There is also a debate about whether the government is allowing a swift takeover of the industry. This debate has been fueled by the fact that the company is linked to China’s CPC. Regardless, we are at the dawn of a new financial revolution that will change the way we live our lives as humans. It’s up to individuals to decide which side they want to be on, as the decision made now could determine whether one ends up on the poor or rich side of things.

Watch the video here: