Famous Youtuber and cryptocurrency analyst Ran Neuner suggested that the pressure of the US Securities and Exchange Commission (SEC) on stablecoins could create a pump in Bitcoin (BTC) and Ethereum (ETH).
Neuner on February 14 via his official social media account. in his postBitcoin and Ethereum as the SEC increases its pressure on dollar-backed stablecoins 100 billion dollars money He said it might cause his entry.
In this case, the analyst said that the users would be removed from the cryptocurrency sector. to leave or other areas front He said he would stay between Rather than leaving the industry, investors are likely to 100 billion part of the dollar stablecoin bitcoin And Ethereum to other fields such as will turn expressing Neuner, in the relevant assets of this situation. to the bull rally claimed to cause it.
SEC And New York Department of Financial Services (NYDFS) Many US regulators, especially stablecoins on the crypto industry, especially hard policies is implementing.
The SEC is a stablecoin recently issued by Paxos. Binance USD (BUSD) NYDFS, which claimed to be a security, is a stablecoin. stop the production had requested. Paxos, at NYDFS’ request by obeying It announced that it would stop the production of BUSD, but it rejected the securities claims. had not accepted.