SEC has lost its first legal battle in its unlawful quest against cryptocurrencies, says John McAfee

SEC has lost its first legal battle in its unlawful quest against cryptocurrencies, says John McAfee

In recent tweets, John McAfee, the popular cryptocurrency enthusiast, and influencer have been talking about the United States regulatory body, the Securities and Exchange Commission [SEC].

The founder of McAfee Associates commented on the SEC’s administration of the cryptocurrency space and said that the authority’s interference is an “unlawful right”. In a previous tweet, McAfee had written:

“The SEC loses its first legal battle in its unlawful quest to regulate the Crypto space. As I pointed out, they have no lawful right to interfere with us. I can hardly wait for them to tangle with me. We are winning people.”

He also stated that the SEC is a corrupt body and has been rightfully put down by the legal system of justice. He also implied that the SEC should be shut down in order for less arrogant people to step forward and utilize the power in the right way that benefits the Americans.

Regarding the bull run of the cryptocurrency market, McAfee stated that Bitcoin [BTC] breaking above $4,000 is a sign of the market flip. According to the influencer, if it has turned, it is only the beginning. Moreover, he conveyed the point of view that 2019 could be the year the future generations look back on and name “the year of emergence”.

The Founder of McAfee Software has been a loyal participant as well as an oracle in the cryptocurrency and blockchain industry. From Docademic to Bitfi Wallet, he has supported several projects on his journey in the space. He also took initiative in calling out HitBTC when it was fiddling with the funds of its customers.

As of now, the crypto-market is blooming as it continues the bull-marathon. Here, all the big coins like BTC, XRP, Ethereum, Bitcoin Cash and suchlike have gained great momentum in their price as BTC crossed the $4,000 landmark.

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