BNB Coin (BNB), the native cryptocurrency of Binance, reflects the harsh impact of SEC’s crypto crackdown in its soaring selling pressure. The SEC vs Binance lawsuit succeeded in inducing BNB to plummet by 9.15% — from $306 to $278 — over the past 3 days. In the lawsuit, the US
After the SEC’s assault on Binance and Coinbase, the publicly traded commission-free investing platform Robinhood is evaluating its cryptocurrency offerings. On Tuesday, June 6th, Robinhood’s head of law, Dan Gallagher, appraised Congress on the current position. Former SEC Commissioner and recent witness before the House Agriculture Committee on digital assets,
Crypto enthusiasts are on the edge of their seats as the intense battle between the SEC and Binance continues to unfold with each new update. The SEC’s recent move to file an emergency motion with the District of Columbia U.S. District Court, seeking to freeze the assets has sent shockwaves
The US Securities and Exchange Commission’s (SEC) recent regulatory initiatives have compounded concerns about the long-term sustainability of cryptocurrencies. The SEC’s legal charges against Coinbase and Binance, two prominent cryptocurrency exchanges, are a worrying trend. The SEC’s action against Coinbase, situated in San Francisco, is a landmark event in the
In a dramatic turn of events, Coinbase Global Inc, one of the leading cryptocurrency exchanges, is entangled in a regulatory storm as ten U.S. states band together to initiate legal proceedings against the platform. Led by the Alabama Securities Commission, these states have served Coinbase with a show cause notice.
Over the last 12 hours, Whale Alert has recorded several large cryptocurrency transactions targeting two leading exchanges, Binance and Coinbase. Traders have ramped up their activities on these platforms, potentially showcasing renewed trust and support in these marketplaces. According to sources, the primary cryptocurrency that was seen moving to Binance
Ripple Labs CEO Brad Garlinghouse provided insights into the ongoing court case between Ripple and the U.S. Securities and Exchange Commission (SEC), expressing his belief that the case will reach its conclusion in the near future. In a recent statement, Garlinghouse discussed the progress made in the lawsuit and its
Binance, the world’s largest crypto exchange, has faced a lawsuit by the U.S. Securities and Exchange Commission (SEC). The SEC accused the crypto exchange Binance and its CEO, Changpeng Zhao, of selling unregistered securities. However, the exchange has received a lot of support from the crypto community to stand against
Following the dispute between the U.S. Securities and Exchange Commission (SEC) and Coinbase, the cryptocurrency exchange, the stock of Coinbase (COIN) faces a hit on Tuesday. Yet, this has been holding the stocks high as compared to the losses faced in January 2023. The lawsuit has created a bigger impact
The SEC vs Binance lawsuit has begun to take its toll on the cryptocurrency market. Shockingly, on Monday, the market lost nearly $52.7 billion in just an hour after the announcement. In the last 24-hour window, the exchange’s withdrawals on Ethereum exceeded the deposits by $778.6 million, as reported by
