Coinbased poised for short as SEC attacks Binance

With Binance being sued by the SEC for several violations and the SEC declaring 10 main cryptocurrencies as securities the sector is poised to suffer considerably. BTC is already down by 6% on this news and the situation is going to worsen in the coming days. The political landscape in Washington wants crypto gone. Whether this will succeed or not, it is meant to push all prices down for a considerable period of time. COIN is not going to be in a good place as it is involved with most of the tokens below that are now all in trouble.

Alleged securities:
SOL
ADA
MATIC
FIL
ATOM
SAND
MANA
ALGO
AXS
COTI

https://whatthefinance.com/newswire/sec-attacks-crypto-allows-banks-to-fail-5410

Comment:

Today COIN itself was sued by the SEC for operating its crypto asset trading platform as an unregistered national securities exchange, working as an unregistered broker and clearing agency and for failing to register as a security the offer and sale of its crypto asset staking program.

Yet BTC is up. The plot thickens.