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US SEC’s Attack on Stable Coins may Boost Bitcoin and Ethereum’s Price

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According to reports, Ran Neuner, the host of CNBC, said on social media that if the US Securities and Exchange Commission attacked all stable currencies suppo…

US SECs Attack on Stable Coins may Boost Bitcoin and Ethereums Price

According to reports, Ran Neuner, the host of CNBC, said on social media that if the US Securities and Exchange Commission attacked all stable currencies supported by US dollars, more than US $100 billion would be forced to withdraw from the market or turn to other encrypted assets. Investors may not withdraw, so funds may flow into Bitcoin and Ethereum, causing a huge surge. When they attack us, it makes us stronger.

CNBC host: If the US SEC attacks all stable currencies supported by US dollars, more than US $100 billion will be forced to withdraw from the market or turn to other encryption assets

Interpretation of the news:


The recent remarks by the host of CNBC, Ran Neuner on social media ignited a debate on the potential impact of the US Securities and Exchange Commission’s (SEC) attack on stable coins supported by the US dollar. According to Ran Neuner, if the SEC targets stable coins, more than $100 billion could be withdrawn from the market, or investors may shift their funds to other encrypted assets. However, this could lead to a surge in the prices of Bitcoin and Ethereum.

Stable coins, which are cryptocurrency pegged to a stable asset like fiat currencies or a commodity, have gained prominence in recent years. They are designed to address the high volatility of cryptocurrencies like Bitcoin, which stems from the constant fluctuation in their prices. However, the regulatory framework surrounding the issuance and trading of stable coins has been a source of concern for the SEC.

Despite their benefits, stable coins still present risks to the financial system. The pegging of a cryptocurrency to a stable asset raises concerns about the stability of the peg itself, and the liquidity of the underlying assets. Moreover, there have been concerns about the transparency and accountability of stable coin issuers. As a result, the SEC has been keen on regulating the stable coin market to ensure that issuers comply with the relevant regulations.

However, the potential impact of a regulatory crackdown on stable coins could be significant. Stable coins are widely used in the crypto market, and their value is often tied to the US dollar. If the SEC were to tighten regulation or prohibit the issuance of these coins, investors could withdraw their funds from the market, leading to a significant fall in the value of the market.

Nevertheless, some analysts believe that such regulatory crackdowns could propel the prices of cryptocurrencies like Bitcoin and Ethereum. In times of uncertainty, investors often shift their investments to less risky assets like gold or cryptocurrencies. A regulatory crackdown on stable coins could lead investors to shift their funds to the more established crypto coins, leading to an increase in their demand and price.

In conclusion, the SEC’s attack on stable coins could have a significant impact on the crypto market. However, this could also present an opportunity for Bitcoin and Ethereum to gain more market share. Therefore, investors need to be cautious when investing in cryptocurrencies and consider the potential regulatory risks that could arise.

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