The SEC Introduces A ‘Trojan Horse’ Crypto Regulation As The Price Of Bitcoin, Ethereum, BNB, Solana, Cardano, XRP Rebounds

The SEC Introduces A ‘Trojan Horse’ Crypto Regulation As The Price Of Bitcoin, Ethereum, BNB, Solana, Cardano, XRP Rebounds

Bitcoin and other cryptocurrencies are wrapping up the lackluster week on a high note. Today the bitcoin price rose 3.2%. Ethereum’s price jumped 8%. BNB leapt 3.8%, cardano 2.8%, XRP 2.7%, and solana 8.5%. 

Meanwhile, SEC watchdogs are plotting to ambush crypto markets with a “Trojan Horse” regulation.

Last week, the SEC introduced a seemingly unrelated 654-page proposal aimed at regulating “Treasury markets platforms.” Pro-crypto Commissioner Peirce, however, warns it’s a sweeping crypto regulation in disguise. While the proposal doesn’t mention crypto, its new rules would let regulators probe crypto platforms and even decentralized finance (DeFi) protocols.