Everyone Is Pissed At The SEC

Here’s a quick rundown of just some of the responses out there to the SEC’s attack on crypto:

Senator Bill Hagerty – “The SEC is weaponizing their role to kill an industry. Allowing a company to list publicly and then stonewalling their attempts to register is indefensible. Expect to hear from Congress.”

Senator Cynthia Lummis – “… The SEC’s continued reliance on regulation by enforcement continues to harm consumers.”

Cameron Winklevoss – “Being sued by the SEC used to mean you probably did something wrong. Now it means you’re probably doing something right.”

Jim Cramer – “All these crypto assets seem to be fraudulent, and I want you to get out of them”

Zmanian – “The claim NewTendermint is a significant contributor to Cosmos. No contribution occurred.”

$COIN CEO Brian Armstrong: 

$COTI‘s Shahaf Bar-Geffen says a lot and nothing at all in a three-piece Twitter thread:

Ripple’s ($XRP) Brad Garlinghouse:

The Cardano Foundation, in a typical professional fashion, tweeted it disagreed with the SEC’s classification of $ADA as a security:

Just a taste of what’s going on and being said out there – and they keep piling up. 

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BTC And ETH Get A Brazilian Banking Buddy: Itau Unibanco

Brazil’s largest lender, Itau Unibanco, has rolled out a cryptocurrency trading service, initially spotlighting $BTC and $ETH. This move marks the bank’s grand entrance into the bustling world of digital assets. 🏦

Guto Antunes, the mastermind behind Itau’s digital assets, shared with Reuters that this is just the beginning. “Bitcoin first, but we’ve got our eyes on a broader crypto horizon,” he hinted. 

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Cathie Wood’s Boss COIN Trades

Cathie Wood is one hell of a trader. ✒️

Ark Invest offloaded a significant stash of $COIN and Grayscale Bitcoin Trust ($GBTC) shares. Yesterday, Ark waved goodbye to 237,572 COIN shares, totaling $33.3 million, and 168,127 GBTC shares, valued at $5.9 million. Per their latest trade filing, this move marks one of Ark’s biggest daily sell-offs this year.

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Ronaldo’s Binance Foul

A guy no one in the US knows, playing a sport none of us in the US plays, is under fire. ⚽

Soccer superstar Cristiano Ronaldo is now dribbling through a legal minefield, facing a staggering $1 billion lawsuit over his promotion of Binance’s NFTs. The suit, filed in Florida, accuses Ronaldo of leading his massive fanbase into the world of unregistered crypto securities.

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Technically Speaking – November 17, 2023

This Technically Speaking article is long as we review some of the various charts we’ve looked at over the past four to six weeks. 

Included in today’s Technically Speaking are: Chainlink, Uniswap, Monero, and Ethereum.

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