Strong support rallies for Coinbase during SEC court proceedings, how does it affect Avorak AI?

SEC, the securities watchdog, could be facing a backlash from the cryptocurrency industry as it is evident the SEC has frustrated many in the crypto space. With no clear regulatory rules, SEC must chart a clear path should the courts grant Coinbase its request to compel SEC to lay bare its rules and regulations pertaining to cryptocurrency platforms.

What is the SEC?

The Securities and Exchange Commission (SEC) is an enforcement and regulatory financial watchdog. It checks on the securities industry, including dealers, securities exchanges, and other market participants, with the most recent focus on cryptocurrency. With a mission for transparent markets to protect investors, the SEC enforces federal securities laws. It proposes new rules and regulations and is currently hitting hard on the cryptocurrency space.

What Is Coinbase?

Coinbase is a US cryptocurrency DEX platform facilitating buying, selling, and storing of cryptocurrencies. Approved by SEC and listed on Nasdaq in 2021, the platform appeals to worldwide users and is among the most trusted names in the cryptocurrency industry.

SEC vs. Coinbase Court Proceeding

Recently, Coinbase has been on SEC’s radar. The financial watchdog issued a WELLS notice, and Coinbase is vehemently fighting the imminent court battle. The SEC accuses Coinbase of running an unregistered securities offering, but Coinbase argues that by the SEC approving its listing on Nasdaq in 2021, it gave credence to Coinbase as a lawful platform. Coinbase has petitioned the court to compel SEC to provide clear guidance on its cryptocurrency regulatory program. The SEC is widely seen as frustrating the crypto industry, given its array of cases, including the XRP lawsuit. As a result, Coinbase is gaining support from various SEC-frustrated crypto industry players.

Avorak AI

Avorak (AVRK) is a new project ushering in a bundled suite of AI solutions to blockchains. AVRK deploys virtual assistants, image generators, chatbots, content creation, and trade bots.

Avorak Trade bot monitors the market 24/7 and can quickly analyze and interpret voluminous data for an accurate and simplified trading experience. Avorak’s trade tool has become a reliable trader’s tool even in its Beta testing stages. As the tool develops, enthusiastic supporters are full of accolades in their YouTube videos.

Investors can buy the discounted AVRK at $0.210 in the current ICO. The price signifies a 250% rise from the initial value. The project expects to launch at $1 at various exchanges, including Coinsbit, LAToken, Azbit, and PancakeSwap.

Marketers and other users can benefit from image and text generation tools by Avorak AI. Whereas current AI tools in the market churn repetitive content, Avorak AI strives for original, plagiarism-free content that meets various user styles.

Do the SEC Proceedings Affect Avorak AI?

As a leading DEX in the US, the outcome of the SEC’s WELLS notice against Coinbase could mean a lot in the cryptocurrency industry. A ruling favoring Coinbase could provide clarity for the industry and may encourage more widespread adoption of cryptocurrency-related services. Avorak AI, in ICO phase five, is surging ahead after complying with regulations to avoid clashes with regulatory watchdogs. Avorak’s trading algorithms have become powerful in predicting the cryptocurrency market. Avorak made sure to strengthen compliance by undertaking two audits: the CyberScope and SolidProof audits. Both audits noted Avorak’s compliance, security, and transparency.

Here are links to more Avorak information and its ICO:

Website: https://avorak.ai

Buy AVRK: https://invest.avorak.ai/register

 

None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website.