Binance and Coinbase are the leading Cryptocurrency exchanges, this is why the lawsuit against them was able to bring the market down. Now that these giant cryptocurrency exchanges have been sued, if the crypto world recovers, it can't be brought down again this much with the news of lawsuits on them. The present lawsuit has already contained all the possible suits that the SEC can come up with. The crypto market can only dip again if the SEC records a significant win over them.
SEC have played their last card after suing Binance and Coinbase together. It is a card the crypto world has been waiting for them to play and they just used it. This means that manipulating the market won't be easy for them again.
Conversely, a win from these two exchanges will motivate investors and shut the market up. This doesn't mean we can't see fresh lawsuits from the SEC on other exchanges and projects, but the impact of the lawsuit. won't be felt much. There can't be any upcoming lawsuit that can be compared to the present lawsuit on Binance and Coinbase.
Again, other exchanges such as Robinhood have started taking precautionary measures. This means that the SEC will have a hard time seeing loopholes that they can leverage.
The present case may linger on for some months or even years just like the SEC versus Ripple case but it is a matter of time before the crypto world gets back on track.
So, do not lose hope in this decentralized crypto world. Remain focussed, and buy the dip of tokens that have use cases. The war is almost won. We just need to stick together and there will surely be light at the end of the tunnel.
Share your views in the comment if you think otherwise or agree with my thoughts.
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