Jim Cramer Announces His Prospect For The Cryptocurrency Industry!

Popular media personality, investor, and host of CNBC’s Mad Money, Jim Cramer, tweeted today. cryptocurrency He said he expects a “big cleanup” in his ecosystem.

For the past 24 hours, the industry has been awash with the United States Securities and Exchange Commission’s (SEC) sanctions lawsuit filed on the Kraken exchange for its staking product.

The SEC fined this trading platform $30 million and reached an agreement that would allow the exchange to stop offering the product it launched in 2019 to its U.S. customers.

Jim Cramer Expresses Satisfaction with SEC’s Decision and Says He Expects “Major Cleanup”

Making a statement on Twitter, Jim Cramer expressed his satisfaction with the sanction decision. Commenting on a tweet by the famous lawyer and professor John Reed Stark, Cramer stated that the action called the crypto sanctions wave is still going on, raising a question about how big the “waves” are:

“How big is this event? I’ve been waiting for the big cleanup!”

Formerly a crypto advocate and now a critic, Cramer often voices his negative thoughts on the digital currency ecosystem and why investors should close their crypto positions.

Since the sanctions decision was issued by the SEC, many leaders in the digital currency ecosystem have turned against the regulator for unfair practices. Even Hester Peirce, one of the SEC commissioners, criticized the approach the SEC has taken to ensure its rules are enforced.

Cramer’s bitcoin And although its stance on the crypto ecosystem has changed over the past year, supporters argue that functional start-ups that can create jobs and present the US to the world for its financial evolution will take their business overseas with this development.

*Not investment advice.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!


source site-4