The SEC is focusing on the stablecoin, but why the government aims to prevent the future?
People only see the SEC is an enemy of crypto but do you think crypto is always the right way?
After the FTX, crypto has changed. It becomes a self-delusion to want to get into its own mind.
If you really research Paxos, you will find something very strange.
Paxos is an issuer for BUSD, a stablecoin that linked to Binance, one of the largest crypto exchanges.
Issuer of stablecoin needs crypto exchange to help arbitrage to make profits but what if the crypto exchange highly leveraged the stablecoin itself?
There is no rule to prevent crypto exchange from doing so even it is a self-destruction act.
But FTX did it, why not?!
The real question is, who are behind those stablecoin projects?
We do not know, and that is a big problem!
Photo by Robert Anasch on Unsplash
Note: the post was shared on multiple platforms here.
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You can refer my previous article lists here and here and here and here
Things that do not work out in crypto after 14 years of its creation
Crypto has a lying problem
Crypto bro problem
Crypto whales are exiting
History repeats itself
Banks stay away from crypto for now
Disputes between DCG and Gemini
New NFTs Trend
SEC Lawsuits
Why play to earn is a slavery game
Why AI is more convincing than blockchain
Bitcoin bond is nonsense
Bull market returns until
Bitcoin got one more problem
Deflation is coming
The thesis against Crypto Exchanges
Crypto liquidities
Crypto bear market isn't gone
Does Bitcoin negatively correlate to the dollar
Why Ethereum reputation is in question
Crypto whales are secretly dumping
Bitcoin is not efficient
Why Ethereum killers are killing themselves
One more thing NFT can do
Mother of all bubble
Crypto is a good investment or not
Say no to FOMO
About my new book
Market is up today but why
What is up with market today
When the safest security got hacked
Why the government tried to regulate crypto but fail
Era of influence
Serious of crypto
Humanity in crypto
Position of Crypto
The only way
Why staking is in trouble sort of
Pressure Cooker Environment
Growth vs Fixed
