Recently, the SEC has filed an insider trading lawsuit against a former Coinbase employee, his brother, and his friend for trading certain cryptocurrencies that were about to be listed on Coinbase, which was not public information. Along with this lawsuit, the SEC decides to, all of the sudden, accuse Coinbase of having listed 9 cryptocurrencies on their platform that the SEC insists are securities, without having any real proof. One of them being $AMP. Therefore Binance.us has now delisted, bowing down to the SEC
This is very similar like when In December of 2020, SEC Chairman Jay Clayton filed a lawsuit against Ripple Labs Inc. on his last day in office alleging that XRP was an unregistered security. Major cryptocurrency exchanges such as Coinbase immediately delisted the digital asset XRP near-instantaneously as soon as the news broke. Showing no objection to the Securities and Exchange Commission.
This is why the cryptocurrency world has lost nearly all faith in the SEC. Non-stop regulation by enforcement, bullying small start-ups into million dollar settlements. Using fear as their weapon
The post JUST IN: Binance.US Will Delist $AMP Following SEC’s Allegations That It Is a Security appeared first on The XRP Daily.
