Litecoin

Bitcoin ETF

Gary

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-to-face-accountability-for-crypto-turmoil/" data-wpel-link="internal">SEC to Face Accountability for Crypto Turmoil</a><br></p>
<p style="text-align: justify">The nightmare for crypto investors was the failure of SEC officials to make the necessary effort to protect themselves. Gary Gensler said at every opportunity that we are here to protect investors, and the only thing he did was to sue crypto companies. Moreover, while managing to sue harmful actors like FTX after they defrauded millions of people, it has been trying to suffocate Ripple for years.</p> 
<h2 style="text-align: justify" id="sec-to-be-held-accountable">SEC to be Held Accountable</h2> 
<p style="text-align: justify">According to Fox Business <a href="https://newslinker.co/" data-wpel-link="exclude">news</a>, an internal investigation by the SEC is expected following the sharing of fake approvals and fluctuations in BTC price. This situation led to liquidations worth millions of dollars, and US investors also lost money in speculative actions. The SEC needs to determine how account security was compromised at this point and make a statement.</p> 
<p style="text-align: justify">On the other hand, Senator Bill Hagerty made a very important statement. He said that Congress will hold the SEC accountable and that what happened is unacceptable;</p> 
<blockquote> 
 <p style="text-align: justify">“Just as the SEC demands accountability from a publicly traded company that makes a massive mistake affecting the markets, Congress also needs answers regarding what just happened. This is unacceptable.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="crypto-and-speculation">Crypto and Speculation</h2> 
<p style="text-align: justify">If you have been in the crypto markets for the last 3-4 years and these wrong last minutes have settled in your subconscious, you might have such dreams.</p> 
<blockquote> 
 <p style="text-align: justify">“You go to Walmart and buy some snacks. At the checkout, you say you want to pay with ‘Litecoin’, and they are happy to assist you. Then you go home and follow the latest news related to BlackRock’s recent spot XRP ETF application. When you turn on the TV, breaking news according to Cointelegraph sources says that a spot <a href="https://en.coin-turk.com/bitcoin-surprises-investors-with-a-remarkable-rise-in-price/" data-wpel-link="internal">Bitcoin</a> ETF has been approved. You pick up your phone and enter Twitter, a notification drops from the official SEC account ‘We have approved the Spot Bitcoin ETF’ but at the end of the message, there is a smiley emoji.”</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-300373 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/Kripto-ve-Spekulasyon.jpg" alt="" width="760" height="272"></p> 
<p style="text-align: justify">Who can say that we haven’t experienced these in the last 3-4 years? Somewhere in our minds, the world where we can shop at Walmart with Litecoin reminds us of the extent to which speculation has reached in crypto. Moreover, we witnessed that even the SEC itself became material for speculation at the peak of this business.</p> 
<p style="text-align: justify">The bad part is that when we wake up in the morning, the SEC could announce ETF rejections without taking any responsibility, saying “this is crypto for you”. Or we will see it approved; only time will tell.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/sec-to-face-accountability-for-crypto-turmoil/" data-wpel-link="internal">SEC to Face Accountability for Crypto Turmoil</a></h5>

SEC to Face Accountability for Crypto Turmoil

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