Binance and Coinbase were sued by regulators. Days after, Crypto.com is a target of media allegations of insider trading. Hours later, Abra and CoinEX were issued cease-and-desists. All just before many financial giants make their move into crypto. That’s very convenient timing, I must say

On the Monday and Tuesday, Binance and Coinbase received lawsuits from the SEC. Both were regarding staking being alleged securities and Binance’s suit involving a fair bit more. Then days later, the Financial Times reported alleged internal trading by Crypto.com. A few days after, regulators issue a cease-and-desist to both Abra and CoinEX. Quite a number of major exchanges hit within days of each other.

Very soon after we see the likes of Mastercard, Citadel, Fidelity, Charles Schwab & Duetsche Bank making entries into crypto within days of each other. This is on top of more filings and refilings by Invesco, ProShares, WisdomTree & Valkyrie.

All I can say is, that time is all rather convenient.