SEC's Lawsuits Against Binance and Coinbase Shake Up Crypto Industry

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Source: Barron's
SEC's Lawsuits Against Binance and Coinbase Shake Up Crypto Industry
Photo: Barron's
TL;DR Summary

Bitcoin's price has slipped as the US SEC's legal battles against cryptocurrency exchanges Coinbase and Binance heat up. Ethereum has also seen a decline in value. The SEC is investigating whether the exchanges have violated securities laws by allowing the trading of digital assets that should be classified as securities.

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