- Crypto influencer Ben Armstrong responds to SEC’s lawsuit in opposition to crypto agency Paxos in a video.
- “Why are banks and crypto companies within the US underneath scrutiny on the similar time?,” asks Armstrong.
- The OCC and the SEC are after the BUSD, believes Armstrong.
Crypto influencer Ben Armstrong responds to the current lawsuit submitting by the SEC on the Binance USD token. Furthermore, he heralds struggle between the banks and the Safety Change Fee (SEC) in opposition to crypto, the Home of Representatives, and the Commodity Futures Buying and selling Fee (CFTC) in his newest tweet.
Ben Armstrong aka Bitboy_Crypto, posted a video noting his speculations about what’s embarking the crypto world ever for the reason that fall of FTX. He tagged his video in a Twitter publish that learn:
This video hits in a different way at the moment than it did yesterday.
The video is a response to the current lawsuit the SEC filed in opposition to crypto agency Paxos over Binance USD token. Within the clip, Armstrong discusses the SEC’s imposition on main crypto companies and asks, “If we’re being pressured to have a look at it [SEC’s imposition] because the purge we all the time anticipated in crypto.”
In an try to piece issues collectively, he begins by stating that the banks, crypto organizations, and corporations within the US crypto market — Signature Financial institution, SoFi, Goldman Sachs, and JP Morgan — are all underneath scrutiny on the similar time.
Armstrong urges his followers to suppose, asking, “Why? Is that this about scrutiny on any of those particular person establishments themselves, or are we taking a look at a workaround?” Moreover, he proceeds to level out that individuals have been nervous that Binance is bancrupt or that it’s going to crash to zero. Nevertheless, Armstrong states:
I’m not nervous about them [Binance] being solvent. I’m 99% positive that they [Binance] are. I’m about 80% positive they [Binance] most likely have more cash than they’re speculated to have.
Armstrong believes that every one the pivotal occasions taking place within the crypto market, ranging from the autumn of FTX, are the SEC’s and OCC’s orchestrated assault to go after the BUSD. “It was all about world forex domination and the stablecoin. That is about bringing Binance US greenback (BUSD) as a stablecoin,” says he.
Concluding his video, he invited his followers to drop their ideas within the remark part. Armstrong says, “This [domino effect of attacking the US crypto companies and organizations] was finished to be able to carry Binance underneath management and produce it down.”