Why has the STEEM gone so low?

in defi •  2 years ago 

Why has the STEEM gone so low?
What's going on? Is it because the SEC is going after #Binance and #Coinbase?

How long do you think this bear market will last?
The #cryptowinter is already too long.

If you have any take, I wanna read it.

Love,
S

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My guess is it's the SEC going after Binance & Coinbase + Robinhood delistings + Crypto.com closing shop for institutional investors. Sort-of a perfect storm on a bunch of exchanges all at once.

Hopefully Congress will rein in the SEC with something like this.

That's what I was thinking. How long do you think this might last?
I read that it might take years.

Yeah, no guess. It could take years to get something through Congress, but who knows.... And I can't even begin to understand what the SEC is doing.