THE SEC DID MORE GOOD THAN HARM - IN THE LONG RUN.

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SEC and the crypto community have been battling it out for the past few months. In the initial stages, some damage occurred in the crypto market. There was lots of fear and panic, making lots of investors and whales vacate the crypto space. Those who were still onboard probably would have made a lot of losses unless there were super-experienced crypto gurus who came in with their A game.

I still remember some major personalities like Elon Musk and SpaceX withdrawing about 75 million dollars worth of BTC from the market, contributing to a huge liquidation of the market. SEC and the crypto community have been battling it out for the past few months. In the initial stages, some damage occurred in the crypto market. There was lots of fear and panic, making lots of investors and whales vacate the crypto space. Those who were still onboard probably would have made a lot of losses unless there were super-experienced crypto gurus who came in with their A game.

I still remember some major personalities like Elon Musk and SpaceX withdrawing about 75 million dollars worth of BTC from the market, contributing to a huge liquidation in the market.
Considering all these factors, the SEC still went after some major exchanges and crypto individuals, including Binance and Binance CEO CZ, Coinbase crypto exchange, Solana, and Ethereum, just to mention a few. These attacks were both direct and indirect.

For some crypto exchanges like Binance, Coinbase, Solana, just to few a few, it was a direct attack, but in the end, some other exchanges and some related crypto coins were heavily affected. The crypto space is an ecosystem that is interrelated. The downfall of one will always affect the other in one way or another.

Despite all the attacks and court suits by the SEC, crypto is bouncing back with full momentum and acceleration. The crypto market is in an uptrend after all the legal suits and negative comments from some international bodies and the SEC. This shows how strong the blockchain and crypto are as compared to the traditional system.
The SEC has a hand in the bullish momentum in the crypto market. Although the SEC had the intention of bringing cryto down, the table actually turned in favor of crypto.

Through SEC law suits and attacks on crypto, the blockchain and cryptocurrency has become a household name. There were so many controversies around crypto and blockchain technology. This has helped raise some awareness among the ignorant. Those who had no idea now have knowledge and understanding. They have seen the light. Crypto is the future, and the future is here, and the future is now. It's an undeniable fact. There is nothing that can be done to stop crypto and the blockchain from taking over the world. This is the new era of finance. The traditional system is lacking in so many ways. The flaws are just too many to maintain the trust and credibility needed in a financial system.

With the help of the SEC, crypto had gained more recognition and attracted some huge giants like BLACKROCK.
Blackrock has been chasing a Bitcoin ETF ever since the news of the crypto and SEC war. There have also been some gurus and well-recognized personalities entering the crypto community. The crypto liquidation level has increased tremendously. The market capitalization is also booming, and more investors are hopping in.

At the end of this battle between the SEC and the crypto community, Crypto will emerge victorious, no matter the outcome. Remember, cryptography is not centralized but decentralized. Some. The blockchain and crypto are not controlled by anyone and cannot be stopped or controlled.

So even if the SEC wins the court case, only a portion of the crypto ecosystem will be affected. Looking at things, crypto is even in the upper hand already. XRP, being at the forefront, has gained some victories that have helped maintain a certain level of trust and credibility for the crypto community.
There will be lots of giants hopping in to make a move on blockchain and crypto after the whole war. Crypto will be well understood and taken for good.

In a nutshell, the SEC has been very helpful in promoting cryptocurrency and the blockchain over the past few months, reaching almost a year now. There have been some education and lessons from the court hearing. Some visionaries have already jumped onto crypto and blockchain technology to make it their own. It would be very wise to jump on at the moment; there have been some uptrends already. It’s just the beginning. Or better still, just do your own research and jump on at the right opportunity. It was great having you around and going through my content.

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