” Tokens Delisted, Exchange Closed Following SEC Crypto Lawsuits “
Cryptocurrency isn’t having a very good week in the U.S.
— By Matt Binder June 9, 2023.
Just days after the U.S. Securities and Exchange Commission (SEC) sued crypto exchanges Binance and Coinbase for selling unregistered securities, crypto companies are already dealing with the fallout.
Binance, which was sued by the SEC on Monday, announced (opens in a new tab) on Thursday evening that the crypto exchange would be “suspending” U.S. dollar deposits. U.S. dollar withdrawals will also be suspended “as early as” June 13, 2023.
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” We encourage customers to take appropriate action with their USD,” Binance said in its statement. Basically, if you have U.S. dollars sitting in your Binance account, move your money elsewhere ASAP because your assets are frozen. “
Well that explains why Robinhood suddenly sent a message that a few cryptos will no longer be supported. You had to either sell them now, move to a different “wallet” or have them sold off under your feet in the next week or two at market value…. Whatever that would be by then. The derps strike again. Mostly at the vulnerable. They want fiscal control. Period.