"Will investors do the opposite of what Cramer says?"
After CNBC host Jim Cramer gave his views on the United States (US) Securities and Exchange Commission (SEC) charges against Binance, concerns about the future of the cryptocurrency exchange arose.
In fact, discussions in the crypto community intensified when Cramer said that Binance would face many major challenges following the SEC's lawsuit against the digital asset exchange for fraud and violation of securities laws.
Even so, he insisted that investors who actively support digital assets should make extraordinary efforts so that the crypto market is always strong.
While Cramer's criticism has raised concerns about Binance's future, some investors have expressed frustration with US regulators who have recently become increasingly aggressive.
However, the lawsuit has highlighted the ongoing debate over crypto regulation and the challenges digital asset exchanges face in maintaining compliance while expanding their services globally.
In addition to the Binance issue, the crypto market became more volatile when the SEC also filed a lawsuit against Coinbase for being an unregistered broker by engaging in the offer and sale of securities.
However, it should be noted that the price of BTC managed to cross $27,000 again after Cramer's criticism as he is known as an individual who always gives opposing investment views.
As of this writing, BTC price has surged by 5.54% to $27,073 in the last 24 hours with a market cap of $22 billion but is still down 2.55% over the past week.
