- Crypto influencer Ben Armstrong responds to SEC’s lawsuit towards crypto agency Paxos in a video.
- “Why are banks and crypto corporations within the US below scrutiny on the identical time?,” asks Armstrong.
- The OCC and the SEC are after the BUSD, believes Armstrong.
Crypto influencer Ben Armstrong responds to the latest lawsuit submitting by the SEC on the Binance USD token. Furthermore, he heralds warfare between the banks and the Safety Alternate Fee (SEC) towards 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 submit that learn:
This video hits in a different way right now than it did yesterday.
The video is a response to the latest lawsuit the SEC filed towards crypto agency Paxos over Binance USD token. Within the clip, Armstrong discusses the SEC’s imposition on main crypto corporations and asks, “If we’re being pressured to take 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 firms within the US crypto market — Signature Financial institution, SoFi, Goldman Sachs, and JP Morgan — are all below scrutiny on the identical 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 fearful that Binance is bancrupt or that it’s going to crash to zero. Nevertheless, Armstrong states:
I’m not fearful about them [Binance] being solvent. I’m 99% positive that they [Binance] are. I’m about 80% positive they [Binance] most likely have extra money than they’re speculated to have.
Armstrong believes that each one the pivotal occasions occurring 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 foreign money 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 achieved with a view to deliver Binance below management and produce it down.”