DECENTRALIZED FINANCE IS NOT THE SEC FOCUS

One of the interesting things we are seeing the SEC does was scrutiny of Sushi swap which is a decentralized exchange that once tempted Uniswap traders to move to move their crypto liquidity with the help of the Sushi team token. What we are seeing happening is very important because it is the first regulator that will be going after decentralized exchange. Right now, we do not know the full details of what is going on Sushi swaps are not legally allowed to let people know what is going on exactly yet. Knowing full well that the SEC is involved, there is a bigger possibility that Sushiswap has been charged will offering unregistered securities.

If this what actually happened, this could be very dangerous for other decentralized exchanges out there. You should know that decentralized finance is not the SEC focus but the focus target any payment services out here that seem like a competitor to FED now service that is coming very soon. There is potential that this is why banks like Silvergate and Signature bank were taken down. The Silvergate and Signature bank had a 24/7 transfer system that they are hoping to turn into a payment system. Now that the obstruction is out of the way the SEC, looks like what the SEC is looking to target is stablecoins.

It looks like the SEC is moving against Tron and if you don't know already, Tron is famous for transferring USDT which will make some people say it is a payment network. You should have known that Tron was founded by Justin Sun who the SEC said is selling security. The TRX coin is not available on the United States exchanges therefore it has not risked being delisted in the US. As you know that Tron is not in the US exchange, which tells us that the SEC is going after Tron because of its status as a day-factor payment network, and of course, Tron might not be the only one.

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