Crypto Bull Market Here: Pantera Capital Says We’re In It!

• The U.S. Securities and Exchange Commission (SEC) has been taking action against crypto exchanges and companies, such as Kraken, Paxos, and Terraform Labs.
• South Sudan has reportedly banned U.S. dollar transactions, and crypto-focused investment firm Pantera Capital says we’re in the next bull cycle.
• Binance CEO Changpeng Zhao (CZ) warned of „profound impacts“ on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security.

SEC Clampdown Has Crypto Space Abuzz

The United States Securities and Exchange Commission (SEC) has been actively enforcing regulations on cryptocurrency exchanges and companies in recent weeks, causing the entire crypto space to take notice. From Kraken to Paxos to Terraform Labs, no one is safe from enforcement by chair Gary Gensler’s organization.

South Sudan Bans US Dollar Transactions

South Sudan recently announced that it will be banning all U.S dollar-based transactions within its borders and instead directing that all local payments must be settled in their own local currency. This could have a noticeable impact on the global economy given South Sudan’s status as an emerging market nation.

Pantera Capital Says We’re In Bull Market

Crypto-focused investment firm Pantera Capital believes that bitcoin has seen its lows already and we are now entering a new bull market cycle for cryptocurrencies across the board. Dan Morehead, founder of Pantera Capital made his bullish declaration with confidence citing continued development of DeFi protocols as evidence of this trend continuing into 2021 and beyond.

Binance CEO Warns of Impacts On Crypto Industry

Following allegations by the SEC that Paxos had issued unregistered securities in the form of stablecoin Binance USD (BUSD), CEO Changpeng Zhao (CZ) warned of potential “profound impacts” on the entire cryptocurrency industry if BUSD was indeed ruled as a security by regulators . This warning serves as an important reminder for those operating within blockchain technology to remain compliant with financial regulations or face serious consequences from authorities moving forward .

Stiffing The Staker: The SEC’s Latest Crackdown On Crypto Innovation

Chairman Gary Gensler gave investors some peace of mind when he ordered Kraken to shut down their staking program last week due to its noncompliance with existing financial laws surrounding securities offerings in cryptocurrency markets . This decision highlights the importance of understanding existing laws before launching any new projects related to blockchain technology , particularly those involving public fundraising activities or investing strategies .