Just Like Big Brother Does, SEC/OCC Cause Sell Off in Crypto Markets

Wednesday, September 29, 2021 at 12:21am

Crypto exchanges are not Gary Gensler approved. SEC chief Gensler does not see the “long-term viability” for most crypto exchanges. Gansler compared stablecoins to gambling chips in the Wild West. OCC chief Michael Hsu said that cryptocurrencies may be evolving into threats to the financial system. Bitcoin and Etherum testing down towards 100-day moving-averages. Coin Greed Index indicates that the market is experiencing a period of investor fear with a three-month low score of 27 out of 100. Reddit user Ray Dalio's view of the end of the crypto market crushed by a sell-and-sell news.