Currently, the US Department of Justice and SEC are quite worried as they are accusing Japan, Satoshi Nakamoto, and Bitcoin due to the loss of crypto exchanges, Crypto/Forex, Gold, and USD. However, the SEC will not take any action on Japan but if there is Crypto Regulation in the future, Satoshi Nakamoto’s other ongoing work may bring financial charges against the SEC on Bitcoin Core or the Crypto Industry in many countries. Because SEC (Securities Exchange Commission) wants all the countries that are regulating currencies like Bitcoin and Crypto should ban them like El Salvador, Argentina, Japan, UAE, Singapore, and Turkey. Because now Crypto Exchanges like Binance, Robinhood, Third Party Bitcoin traders are trying to recover Billions of USD from those big companies by charging them. So whenever Bitcoin ETFs and the world’s approximately $20 trillion Bitcoin and Crypto Industry come into existence, the SEC can also control them through centralized rules. Also, the SEC added Bitcoin, Bonds, Stocks, Gold, and USD as Collateral Assets.
Why SEC accusing Crypto Exchanges and Forex/Crypto pairs?
Currently, there is pressure on Binance, Kraken, and many crypto exchanges from big startups, payment companies, and banks in the US to comply with SEC or any international rules. In such a situation, the SEC is imposing charges on the world’s top and small crypto exchanges that are doing illegal crypto/forex transactions. Because SEC wants all the crypto exchanges in the world to reduce on the basis of SEC, USD, and Gold they can secure their Gold and Fiat in crypto for the long-term. Currently, most of US companies also want to convert Bitcoin into their Forex Reserve, so in this way, SEC and DOJ (Department of Justice) are less able to control Bitcoin and Crypto Exchange. In this, Japan, Satoshi Nakamoto, CZ (Changpeng Zhao), Robinhood, and Grayscale can also be targeted. It is not possible for the SEC to accuse Satoshi Nakamoto because Satoshi Nakamoto has already clarified his side regarding Digital or Virtual currencies to the Japanese Government. But SEC can now accuse Japan because Satoshi Nakamoto’s explanation can only be passed by the Japanese Government. The SEC and US Congress have still not been able to stop the crackdown on Bitcoin illegal transactions.
Why SEC Accuss the world’s all Crypto Exchanges, including CZ Binance, Gemini, Robinhood, Kraken, and Grayscale?
So now leaving Satoshi Nakamoto, But SEC may have a tough stance on CZ Binance, Gemini, Robinhood, Kraken, and Grayscale. Now they want to keep all the crypto exchanges of the world under their control, in which they can change many things before giving Bitcoin values. Due to all this, the SEC is facing difficulty in getting approval from BlackRock, Fidelity, Vanguard, and all the remaining BitcoinETFs. Because of all this, the SEC or USD is going to suffer the most, and the US Congress and SEC would not want their leadership to end and the rules made by them to fail in such a situation. And just like Satoshi Nakamoto, CZ, Robinhood, Kraken, and Coinbase have become the kings of the Crypto market, SEC and USD are not getting much interest. Those of you who are thinking that the SEC is benefiting all crypto investors then you are wrong because apart from Bitcoin ETFs, the SEC also wants up to 80% control over Bitcoin and Ethereum. so that the rules made by the SEC and US Congress are USD, Gold continues to reduce in the same way on Stocks, Bond, and Crypto.