ETH - Why I'm Buying Ethereum In June
2023-06-13 05:41:00 ET
June 2023 looks like a good time to pick up great cryptocurrencies on the cheap. In particular, I'm tempted to buy some Ethereum (CRYPTO:ETH) tokens these days -- despite the regulatory headwinds facing the crypto industry.
In early 2023, cryptocurrencies started to recover from the inflation-based trauma of 2022. The rebound ran out of steam in the spring and then turned into a drooping trend in June.
The U.S. Securities and Exchange Commission is cracking down on the digital asset sector, broadly arguing that most cryptocurrencies should be treated like stocks, not like currencies. Therefore, most crypto exchanges have allegedly made money by improper trading of unregistered securities.
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Why I'm Buying Ethereum In June