#GaryGensler and #SEC attack sector #cripto again

This, in addition to the factor of non-approval of #ETF , caused some corrections in many altcoins…

What did the SEC do?

Yesterday the SEC sued Kraken for allegedly:

- Combine customer funds with company funds and use customer funds for operating expenses

- Operate as an unregistered stock exchange.

- Selling cryptoactive securities without proper registration.

Furthermore, it has already declared that the following altcoins are Securities:

Polygon ($MATIC), Solana ($SOL), Cardano ($ADA), Internet Computer ($ICP), Decentraland ($MANA), Sandbox ($SAND), Chiliz ($CHZ), Algorand ($ALGO), COSMOS ($ATOM), etc...

It is worth remembering that previously, after these statements, the price of $ADA and other altcoins plummeted to year lows.

Apparently the SEC is trying to crash the market again. Some say it's to get the whales in cheap and others say Gary Gensler simply wants to fill the bag. Which side are you on?