So, once again, the SEC in the USA has stepped in and prodded its sticky fingers into the crypto pie in it's ongoing interventions to spoil the recipe. The SEC are suing two of the biggest Crypto exchanges, Binance and Coinbase, plus asserting that several leading cryptos such as Polygon and Cosmos are securities not commodities. And so the crypto market took a sudden dip.

I'm in no way discouraged though, in fact quite the opposite. There's already increasing pushback happening - see the first few minutes of the video below. But also I can feel this move will backfire in the medium term. The point is that crypto is decentralised. At some point the market will have had enough of Gensler and his shadow hand tactics - whose he working for anyway? My guess is those who're trying to destroy freedom in America.

I do believe the crypto market will detach from this shadow and just get on with the job...