Binance dey hail as SEC complaint dem bin throway comot, talk say na Trump time regulation change cause market confidence for crypto
Binance don happy as U.S. Securities and Exchange Commission (SEC) waka their old case wey dem carry hold the exchange and the founder Changpeng Zhao, dem talk say na big win for crypto industry. The first case wey dem file for June 2023 talk say Binance dey do security law waka, including misuse of customer money and list unregistered securities like Solana (SOL) and Cardano (ADA). For May 29, SEC, Binance, and Zhao come join hand to ask make dem drop the case, as dem dey reduce enforcement against big crypto companies like Coinbase, OpenSea, and Tron’s Justin Sun. The case drop come waka as Trump administration dey hint say dem go be more crypto-friendly for regulation, especially with Paul Atkins as SEC Chair and di creation of Crypto Task Force wey Hester Peirce dey lead. Binance CEO Richard Teng talk say this new regulation go support crypto innovation for U.S. and position the country as big digital asset hub worldwide. Traders en go see say these kind things go make regulatory matter clear and give market more confidence, fit make trading activities increase for both institutional and retail traders.
Bullish
Di dismissal of di SEC lawsuit wey dem bring against Binance commot plenty wahala wey concern regulation and people dey see am as beta development for the exchange and the crypto market as a whole. Di Trump administration support this move wella, including change wey dem do for SEC leadership and di creation of new Crypto Task Force, e show say dem wan make tori clear for regulation and policies wey go favour the industry. For history, when regulators relax and clear rules show, e dey increase market confidence and how people go trade more. Institutional and retail investors fit see dis as reduction of wahala wey concern rule for big exchanges and digital assets, and dis fit make price go up short term and keep rise well long term for the crypto sector.