Binance

1 min read

Well it’s the middle of the night for me but I wanted to do a quick update. Yes the SEC is going after Binance. They also declared several coins securities. This is what we know so far. I don’t have a large amount on Binance so I am simply not too concerned. This is the SEC simply trying to SLOW down crypto adoption in the US so that there isn’t as much competition for their CBDC.

As you who have been a subscriber for more than 6 months, I ended up selling a good portion of BNB during the last Binance FUD. I do think they are still one of the best centralized exchanges but just to be cautious it is always wise to hold only the amount of coins you’re willing to lose on CEX’s.

In the meantime enjoy the show. I sure am. Even if we go much lower I am simply not concerned.

Off to bed again.

Disclaimer: This article is for educational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk; you should always do your own research before making any investment decisions.