Buying Fear (Core Strategy Rebalance)
Jun 7, 2023
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SEC Empties the Chamber
It’s only Wednesday, but the SEC has pulled out the big guns. Conveniently following the release of a rather comprehensive crypto oversight bill by the House Financial Services Committee on Friday, the SEC dropped their mightiest hammer to date on the crypto industry.
On Monday, the SEC took legal action against Binance, accusing the exchange of offering unregistered securities to the public. The SEC's lawsuit alleged that Binance had failed to register as a clearing agency, broker, and securities exchange. Additionally, there were accusations concerning the co...