Should I invest in USDM, the interest-paying stablecoin?
Maybe. — Majority of the comments are positive about investing in stablecoins, especially due to the potential to earn interest. Regulatory compliance, as seen with Coinbase's interest rate increase for USDC after the SEC's stance, suggests a positive environment for stablecoin investments. There are concerns but they primarily revolve around diversification and understanding specific stablecoin structures.
Why is Binance discontinuing BUSD?
Binance is discontinuing BUSD due to regulatory challenges and legal issues. — The majority of comments point to regulatory scrutiny faced by Binance and the legal issues surrounding Paxos, the issuer of BUSD, receiving a cease and desist order from the SEC as primary reasons. Additionally, challenges from banks and financial networks such as Mastercard cutting ties with Binance also influenced the decision.
Why has Binance filed a protective court order against the SEC?
Binance filed a protective court order against the SEC because they believe the SEC is conducting a 'fishing expedition' with overbroad and unduly burdensome requests. — Multiple viewpoints suggest Binance's belief that the SEC's requests are overbroad and unduly burdensome, implying a potential overreach by the SEC in its investigation. This perspective appears more frequently in the comments compared to the theory of Binance hiding potential wrongdoings.
Will the spot Bitcoin ETF get approved by the SEC?
Skeptical about approval — Majority of the comments highlight skepticism, concerns about manipulation, and the historical pattern of the SEC rejecting spot ETFs. There's also mention of consistent rejection by the SEC in the past and a specific prediction by a former SEC Attorney.
Why did the SEC ask Coinbase to halt trading in everything except bitcoin?
The SEC aimed to assert its regulatory authority over the cryptocurrency market. — The majority of viewpoints suggest that the SEC is attempting to exert more control over the crypto market, especially based on their criticism towards Coinbase's multi-role operations.
Will Gary Gensler from the SEC resign?
Probably not — Despite some comments expressing desire or relief towards Gary Gensler's resignation, skepticism and doubts about his resignation are more prevalent. A substantial number of people believe that the news might be fake or mere speculation. Furthermore, direct evidence in the form of a tweet by Charles Gasparino, confirming Gensler is not resigning, was mentioned.
Is Ether a security according to SEC Chair Gensler?
Unclear — The majority of comments express frustration with SEC Chair Gensler's refusal to definitively classify Ether as a security or a commodity. There is also a portion of the comments that interpret this as a strategic move to maintain control or avoid legitimizing Ether.
