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In this video I discuss the effects that the SEC lawsuit against five of the biggest promoters of BitConnect could have on the future of crypto. Pretty much everyone in crypto has seen that there are huge numbers of scams being run in an attempt to take money from those who are either new to crypto or who get confused and make a mistake. Now that the SEC has taken action against promoters of perhaps the largest crypto scam ever, it is possible that we will finally start to see a reduction in the number of scams being run and promoted.
1:13 What is BitConnect
5:21 SEC lawsuit
6:39 Implications for crypto
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