The cryptocurrency industry is facing even more scrutiny now after news broke that the U.S. Securities and Exchange Commission intends to sue stablecoin issuer Paxos, which is behind the Pax dollar (USDP) and Binance USD (BUSD) tokens, over the latter stablecoin, the Wall Street Journal reported Sunday. This comes just days after SEC announced a settlement with the digital assets/cryptocurrency exchange Kraken whereby Kraken agreed to cease offering or selling securities through its crypto asset staking services, and agreed to pay a penalty of $30 million. The markets are still down, with Binance’s BNB being down the most out of the top 10 coins, trading for $291.07, down 6.2% in the past 24 hours. Although there might appear to be roadblocks for the crypto industry at the moment, Investor Mark Yusko believes that the adoption of crypto is inevitable and there’s no stopping it no matter what they do and all of these roadblocks are coming for a reason. In an interview with 3T Warrior Academy, Yusko gave his take on what’s really going on. In Yusko’s view, cryptocurrency cannot be stopped and the banksters know this. But since the growth and adoption of crypto is occuring at break-neck speed, and the banks can’t keep up, the plan now is for the banksters is to slow crypto down as much as they can, until they can figure out how they can line their pockets with the inevitable profits coming into the space.
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