Crypto Exchanges Face Regulatory Challenges and Legal Battles
TL;DR Summary
The US SEC has filed lawsuits against Binance and Coinbase, alleging unregistered offerings and sales of tokens, and failing to register as an exchange or broker-dealer. The SEC has now labeled an estimated 67 cryptocurrencies as securities, including those named in the lawsuits against Binance and Coinbase. Meanwhile, Binance.US has suspended USD deposits and warned of a fiat withdrawal pause due to regulatory pressure. Bitcoin may see a 60% upside if a long-term chart feature stays intact, according to a popular trader.
- Binance, Coinbase head to court; the SEC labels 67 crypto-securities Cointelegraph
- Robinhood delists 3 crypto tokens, Binance suspends U.S. dollar deposits and withdrawals Mashable
- Coinbase CEO on Crypto's Regulatory Challenges: An In-Depth Conversation | WSJ Wall Street Journal
- SEC charges against Binance and Coinbase are terrible for DeFi Cointelegraph
- The troubles of crypto exchanges Binance and Coinbase are just the beginning The Globe and Mail
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