Part -1: The SEC is manipulating the cryptocurrency market to favor banks and large corporations.

Originally Posted On Publish0x
Original title: Conspiracy theories (I): The SEC is manipulating the cryptocurrency market to favor banks and large corporations.

CONSPIRACY THEORIES (I)

The SEC (Securities and Exchange Commission) is the regulatory body for financial markets in the United States. Its mission is to protect investors and promote transparency and efficiency. However, according to this theory, the SEC has a hidden agenda: to prevent the development and adoption of cryptocurrencies, which pose a threat to the traditional financial system dominated by banks and large corporations. To achieve this goal, the SEC is using several strategies:

🔱 Delay or refuse approval of cryptocurrency-based financial products, such as ETFs (exchange-traded funds), which would facilitate retail investors' access to this market. The SEC argues that cryptocurrencies are highly volatile, illiquid and prone to fraud and manipulation, but in reality what it seeks is to maintain control over the flow of money and prevent it from diversifying into decentralized and independent assets.

🔱 Initiates lawsuits and sanctions against cryptocurrency projects and companies, accusing them of violating securities laws or conducting illegal public offerings. The most recent and emblematic case is that of Ripple, the company behind the XRP cryptocurrency, which was sued by the SEC in December 2020 for selling more than $1.3 billion in tokens without registering as securities. This lawsuit led to a drop in XRP's price and the suspension of its trading on several platforms. The SEC thus aims to discourage entrepreneurs and innovators who want to create cryptocurrency-based solutions, and to generate uncertainty and fear among investors.

🔱 It influences public opinion and the media to discredit cryptocurrencies, spreading negative, false or exaggerated news about their risks, their technical problems, their illicit use or their environmental impact. The SEC also relies on influential figures, such as politicians, economists or businessmen, who are skeptical or critical of cryptocurrencies, and who have vested interests in the traditional financial system. The goal is to create a negative and uninformed perception of cryptocurrencies, and to slow down their mass adoption.

What is the SEC's ulterior motive for doing so? According to this theory, the SEC is at the service of banks and large corporations, which finance their political campaigns and offer lucrative positions to their former officials. These players fear losing their power and profits if cryptocurrencies consolidate as an alternative to fiat money and the centralized financial system. Therefore, they want to maintain the status quo and prevent a democratic and decentralized financial revolution from taking place.

Remember, conspiracy theories are alternative explanations for events or phenomena occurring in the world, based on the belief that there is a secret and malicious conspiracy behind them. Conspirators are usually powerful or influential groups, such as governments, corporations, secret societies or extraterrestrials (in the worst case), acting in the shadows to achieve their hidden objectives, which may be political, economic, religious or ideological. They are characterized by being simple, coherent and attractive, but also by lacking solid and verifiable evidence to support them. Instead, they are based on assumptions, rumors, coincidences or biased interpretations of data. Moreover, they are often immune to refutation or criticism, as any counter-argument is considered part of the conspiracy or proof of its existence.

But what if it were true?

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Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.