Cryptocurrency-related actions regulated by the SEC have skyrocketed since FTX’s bankruptcy.
The U.S. Securities and Exchange Commission (SEC) has made about six sanctions moves in the last six months in the time frame before the collapse of FTX. During the six-month period after FTX’s bankruptcy, the SEC took approximately 17 regulatory actions, increasing the pressure by 183 percent from the previous period. Also, the lawsuits filed against Binance and Coinbase in the past days are not included in the 6-month time frame compared to the SEC. Although the last two cases are not included, the SEC, which has increased its regulatory activities by nearly 200 percent, continues to make a name for itself globally.
Rumors Against SEC Increase: “You Are Incompetent To Control FTX!”
After the SEC took on Binance and Coinbase, the crypto ecosystem became even more turbulent. Surprising comments are coming from many authorities, companies and social media influencers. A lot of discussion has been started, especially about the failure of the SEC to oversee FTX.
Stating that the SEC’s control over some crypto exchanges is insufficient, investors express their opinions harshly by addressing the recent events. The importance of the news feed has turned the attention of crypto investors to the SEC and crypto exchanges.
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