The Crypto Shakedown
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The agency is accusing both cryptocurrency trading and investing services Binance and Coinbase Global Inc. (COIN) of “operating as an unregistered securities exchange” (among other charges, in Binance’s case).
You can see in the chart below how the price of COIN dropped like a rock on the news:
For our in-house crypto expert Joe Shew, he finds these charges unfair — Coinbase has turned to the SEC numerous times for guidance on different issues.
He says that whoever is pulling the strings at the agency may be playing games… but even if they are… he says that crypto investors are going to be forced to play right along for the time being.
Because of the dramatic drop in the Coinbase stock price and the price of Bitcoin (BTC) fighting to figure out what to do, I wanted to make sure all of our readers had access to Joe’s latest insight.
In his thorough video report, Joe covers:
✅ What to do if you have crypto at Coinbase or Binance.
✅ What’s interesting about the cryptos that were selected for the SEC lawsuits against exchanges.
✅ Which OTHER cryptos are safest from regulatory risk.
✅ How to manage your long-term positions.
✅ Bitcoin’s technical support level at which you’ll want to reduce your risk.
✅ And good entry points below where you could start buying again.
✅ What’s interesting about the cryptos that were selected for the SEC lawsuits against exchanges.
✅ Which OTHER cryptos are safest from regulatory risk.
✅ How to manage your long-term positions.
✅ Bitcoin’s technical support level at which you’ll want to reduce your risk.
✅ And good entry points below where you could start buying again.
