US Regulatory Crackdown Sends Crypto Markets Tumbling and Experts Weigh in on Binance and Coinbase's Future
TL;DR
The crypto market experienced a sharp selloff as the SEC's regulatory crackdown on digital-asset exchanges, including Binance and Coinbase, unnerved investors. Smaller coins, including Cardano's ADA, Solana's SOL, Polygon's MATIC, and Avalanche's AVAX, posted double-digit percentage drops. Bitcoin and Ether also saw declines. Over a dozen tokens were flagged as unregistered securities in the lawsuits, making them harder to trade if exchanges shy away from listing them for fear of irking the SEC.
Topics:businesscryptocurrency#binance#coinbase#crypto-market#cryptocurrency#regulatory-crackdown#sec
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- Binance and Coinbase: Experts Weigh What’s Coming Next CoinDesk
- Crypto tokens plunged this week after Gensler stepped up SEC crackdown CNBC
- SEC charges against Binance and Coinbase are terrible for DeFi Cointelegraph
- Op-ed: Why the SEC should stay away from crypto (Part I) CryptoSlate
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