The crypto analyst claims there is a 'clear directive' to crush banking access for the industry in a recent interview with Yahoo Finance
The confusion surrounding the classification of these assets, as Melker noted, could have significant implications for the industry's future.lawsuit against Binance serves as a prime example of regulatory pressure on the industry.
In stark contrast to the SEC, the agency designated Bitcoin, Ethereum, Litecoin, and a few stablecoins as commodities in the lawsuit, which accused Binance and its CEO, Changpeng Zhao, of violating trading and derivatives rules. Melker argues that the inclusion of these specific assets was no coincidence.With major players like Binance coming under fire, the consequences for both retail and institutional investors could be significant as the crypto market continues to mature.
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