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The Crypto Market Is In Trouble

Feb 7, 2025

Huge XRP SEC News

Feb 6, 2025

🔄 The SEC's Chief Litigation Lawyer, Jorge Tenorino, was reassigned from overseeing enforcement actions against prominent cryptocurrency firms to the IT department, signaling a potential shift in the agency's approach to crypto regulation.

🏛️ Tenorino's reassignment comes after his involvement in leading six high-profile lawsuits in the cryptocurrency space, including cases against Ripple, Coinbase, and Tron.

🤔 The crypto community views this move as the SEC potentially "backpedaling and scared", with some speculating that the agency may be reassessing its aggressive stance on cryptocurrency regulation.

😅 Ripple's General Counsel responded humorously on Twitter, highlighting the industry's criticism of the SEC's approach as regulatory overreach.

📊 This development suggests a possible recalibration of the SEC's crypto enforcement strategy, potentially impacting ongoing and future cases in the cryptocurrency space.

FDIC Just Exposed The Truth About Crypto And Blockchain

Feb 6, 2025

🔄 The FDIC released 790 pages of letters revealing systematic resistance to banks offering crypto services, signaling an accelerating crypto regulatory pivot.

🏛️ FDIC acting chairman Travis Hill is re-evaluating supervisory approach to crypto activities due to concerns about the new president's crypto ownership and bullishness.

📊 Banks and institutions were flagging crypto transactions as fraudulent even for users with multiple successful transactions, indicating a broader regulatory bias.

👨‍⚖️ The SEC is dialing down oversight on crypto-related activities, with lawyers resigning and being reassigned due to the significant industry shift.

💼 Coinbase filed Freedom of Information Act requests in October 2024 related to the debanking of crypto firms under Operation Chokepoint 2.0.

📚 The Economic Ninja is offering a course on using decentralized exchanges to invest in under-the-radar projects developing innovative blockchain solutions.

The Dark Truth About Operation Choke Point 2.0 That Banks Don't Want You To Know!

Feb 5, 2025

🏦 The US Senate Banking Committee is investigating claims that banks are restricting cryptocurrency services, including wire transfers to exchanges like Coinbase, Gemini, and Uphold, as part of Operation Chokepoint 2.0.

🔎 In December 2022, the FDIC asked nearly two dozen banks to pause cryptocurrency-related activities, according to letters obtained by Coinbase's Chief Legal Officer Paul Gual.

💼 Banks have been buying up cryptocurrency projects while simultaneously making it difficult for individuals to access them, creating a potential conflict of interest.

📄 The FDIC released documents indicating a potential overhaul in its regulatory approach towards cryptocurrency activities, which could significantly impact the industry's future.

💰 The Economic Ninja, a cryptocurrency expert since 2017, has developed a Crypto DEFI Pro course teaching decentralized exchange strategies for buying cryptocurrency projects before they go public.

XRP And Crypto Bad News

Feb 5, 2025

🔗 The XRP Ledger experienced a temporary halt in block production for about an hour, with CTO David Schwarz noting that consensus was running but validations were not being published.

🏛️ The SEC's crypto unit is undergoing a shakeup, with staff reassignments and scaled-back crypto enforcement, potentially benefiting XRP as government agencies face pressure.

📊 SEC Commissioner Pierce outlined a new approach to crypto regulation, including evaluating security status of assets and potentially providing retroactive relief for certain token offerings.

📉 The fear and greed index on CoinMarketCap is at 38, approaching historic lows, indicating recent market falls occurred on small volume - a sign of weak hands selling.

💡 The Crypto DEFI Pro course offers advanced training on safely investing in DeFi and identifying high-potential coin projects before they surge.

Brand New Crypto DeFi Pro Course Enrollment Closing Friday 2/7 At 11:59 PM

What You’ll Learn in Crypto DeFi Pro:

✅ How to securely store and protect your crypto assets
✅ How to identify promising projects before they hit major exchanges
✅ How to navigate decentralized exchanges and trade in DeFi
✅ Risk management strategies to protect your capital
✅ Priority access to at least 3 coin projects my team is investigating

This course is still in pre-filming, meaning not all lessons have been released yet. However, as an early student, you’ll get first access to new content as it’s published.