| Editor's Note: As a Trade of the Day reader, you know that both Bryan and Karim are not into crypto. We see a lot of risk in this mostly unregulated market - and hundreds of Ponzi scheme land mines. But due to the recent bank runs, it has picked up some momentum, so we thought we might as well offer you a counterargument... which brings us to Andy Snyder's comments below. Check them out. - Ryan Fitzwater, Associate Publisher
Andy Snyder, Founder, Manward Press It's the battle cry of the political class. They preach it for a reason. It works. As investors and traders, we must embrace the same mentality. There's no doubt the banking world is in a crisis. The sector's stocks have plunged. It's creating tremendous opportunity. Some stocks have already surged from new lows. But I'm not here to tell you to trade banks. There are profits to be made, but the sector is a volatile mess. It'd be a pure gamble. Instead, we need to do what we do so well at Manward. We need to dive into the story behind the story... to find the truly monstrous gains. There's no doubt that this latest crisis has its roots in the crypto market. As huge Bitcoin bets failed, several large companies and several large banks absorbed major losses. The fall of New York's Signature Bank is certainly tied to crypto. It has the folks at the SEC itching for action. More regulation is certainly on the way. That has some investors worried. Some of the world's savviest investors, though, are pumping their fists in anticipation of what's about to come. The latest worry in the crypto industry is over a very popular token known as Cardano (ADA). There are growing concerns that the SEC will deem it a security. If it fails the oh-so-important "Howey test" (the test regulators use to determine whether an asset is indeed an "investment contract"), the token's trading will grind to a halt. We saw this happen recently with Binance's stablecoin. And, of course, Ripple has been the poster child of this fight for years. If it loses its case with the SEC, it will face a $2 billion penalty. Indeed, the push to label cryptos as securities is creating a crisis for many players in the space. There's a panic. We mustn't let it go to waste. | 
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