The overreaction of the SEC could have new consequences in the crypto world. The biggest result of this will be unity in the crypto industry, established as rivals of each other.

Disputed Competition in the Crypto Industry

     The crypto world has been a field of competition since its inception, with each firm trying to undercut or acquire the other. A firm also entered into an agreement with another firm only when the firm made a business profit. There isn't a large, organised group like the Chambers of Commerce or Better Business Bureau. Now it can also be made.

The crypto sector is unifying due to SEC

     As the SEC has made one crypto firm a victim after another, other firms are also becoming wary of it. The firms that have been targeted by the SEC are also now keeping an eye on Gary and his associates. Even though earlier they were only competing. Now, due to the pressure of the SEC, everyone can forget mutual differences and introduce "strength in unity".

SEC will get hit by the unity

   There is no doubt that the SEC (Securities and Exchange Commission) is taking advantage of the crypto industry's rivalry, so the union in this sector will also take the SEC as its enemy. The SEC is headed by Gary Gensler, so Gary has to face opposition from everyone. Already, the crypto world is busy creating an atmosphere against Gary and the SEC.