EddieJayonCrypto
14 Jun 23
1. Judge Amy Berman Jackson, of the D.C. District Court was very direct in saying "there's absolutely no need" to grant the SEC's request for a restraining order. She ordered the two parties to go back and keep negotiating. That says there will be limitations on what BinanceUS can do, but they will ...
1. Judge Amy Berman Jackson, of the D.C. District Court was very direct in saying "there's absolutely no need" to grant the SEC's request for a restraining order. She ordered the two parties to go back and keep negotiating. That says there will be limitations on what BinanceUS can do, but they will not be anywhere near what the SEC requested. 2. Inflation numbers came in yesterday and they were not bad. I think today we will see the Fed take a pause. I think during the pause we will continue to see declining inflation. I think there is a lot of economic data, including commercial real estate declines, consumer debt rising and other factors that could paint a good case for a second pause, too. This could be all around good news for the Cryptoverse. 3. The SEC is attempting to sow the seeds for it continued march toward a complete rule over the Cryptoverse has hit a snag as US House representatives warn the SEC to refrain from expanding the definition of exchange. The SEC is trying to change the definition of what an exchange is to have it include decentralized exchanges. You can easily see the roadmap the SEC is trying to following. Coins, centralized exchanges, decentralized exchanges, DeFi and possibly even NFTs. This is why it is important for the SEC to be reined in. If not, the department will be unstoppable. 4. The US House Financial Services Committee is looking to vote on a digital asset bill as soon as next month. The bill is an attempt to introduce regulation over the space that at least begins to make sense and provide much needed guardrails for the burgeoning industry. Nothing is perfect, but we need to at least start moving in the right direction and this could be a good first step. 5. We just got over the debt ceiling crisis and there are already US House representatives trying to introduce a bill that would give even more tax relief to the wealth and big business, especially the oil industry. This is why so many people are trying to take more control over their finances by learning about investing. The constant giving of benefits to the wealthy over the rest of the country is why Bitcoin was born. Financial independence is more than a goal. It is becoming a necessity. 6. Shiba Inu is back in the news with Welly announcing 2 new stores will be opening in the near future and will be fully connected with their holders. Indeed, SHIB is creating real world use cases and driving adoption! 7. I find it interesting that even Treasury Secretary Janet Yellen admits the status of the US Dollar being the reserve currency of the world is eroding. It would, indeed, be a while for it to be fully realized, but the BRICS nations could be the spark that lights the fire. Even Egypt is looking to join them in reducing their reliance on the dollar.8. The Hinman documents were released and they have some nuggets. When you take a look at the process he following to communicate what he was going to say, you can easily see holes in the case the SEC is bringing against Ripple. Mind you, his speech came after Gary Gensler gave his where he was praising Bitcoin and stating it and Ethereum are no securities. Although it does not give a slam dunk to Ripple, it does significantly bolster their argument, in my humble opinion.