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[AudraMiller]

There are many concerns when it comes to the cryptocurrency community and I think that this is natural given the time frame that it has been around and how it has taken people by storm. Also the fact that it is decentralized system makes people a lot more uncertain about it as well, because they are unsure of the control surrounding these coins and whether it is a ponzi scheme. This is why there are divisions like the security exchange commission that are investigating these coins. In a recent news article it seems that the SEC is investigating the USDC stablecoin now. What do you think about this?

 

[Niftyicon]

I wonder what the investigation is all about but it would have been nice to have some closure regarding the Ripple case before starting any other with usdc.

 

[Mariappa45]

I love the step SEC has taken at the moment to investigate some of this coins. Most of them aren't what we think about them, some are Ponzi scheme.

 

[Wisdom01]

They are probably investigating to check if there is any case of fraud ,but I hope it's not another means of putting fear in the investors mind

 

[BullyMaguire]

Thing is.. when SEC has give their attention to ripple people were scared because back then they never lose a case. But now.. it's not.like before since people now know that they are not always right

 

[Sotherefore]

I can't really say anything about it because I don't really know the reason they are investigating the USDC, most and their investigation is always as a result of manipulation or maybe they have broke the law of cryptocurrency and so many other things. Let's wait and see

 

[GoldenLady]

I love the step SEC has taken at the moment to investigate some of this coins. Most of them aren't what we think about them, some are Ponzi scheme.

It is possible with the others but there's no way a stablecoin is a Ponzi scheme. It may be issues like that they had with the USDT, which is why some people are now interested in decentralized stablecoins like the UST

 

[Mariappa45]

It is possible with the others but there's no way a stablecoin is a Ponzi scheme. It may be issues like that they had with the USDT, which is why some people are now interested in decentralized stablecoins like the UST

USDT is centralized, that's why it's hard for fraudulent users to perform scam using USDT coin for such fraudulent transactions online.

 

[LutherKing]

We can say usdt is centralized to be honest it keeps stable as well though and does not move very slightly to be honest so that's good thing regarding useage of crypto