Ripple (XRP) only big old in the green area, while the SEC Binance and Coinbase is suing in court: The summary of this week
Ripple (XRP) only big old in the green area, while the SEC Binance and Coinbase is suing in court: The summary of this week
what for a week ...
There is absolutely no reason to talk around the hot porridge, so let's start directly ... The US stock exchange inspectorate (Securities and Exchange Commission) sued Binance. Right, the world's largest cryptocurrency exchange is under siege. Binance, Binance US and Changpeng Zhao are all mentioned in the lawsuit because the Sec is off blood.
The Commission asked the court to freeze the assets from Binance Us and also issued a summons for CZ. However, since he is not a US citizen, he does not have to be physically present, but can take part from a distance.
It goes without saying that the markets broke into. Bitcoin crashed towards $ 25,000 while Binance Coin suffered even more. The entire cryptocurrency community was surprised by this sudden step.
And if that were all, it might have looked reasonably good. But that was far from all. The SEC is really looking for blood. The next day it filed a lawsuit against Coinbase.
Right, the two largest cryptocurrency exchanges, of which a listed company is in the United States, are currently being sued by Securities and Exchange Commission for violations of securities laws. The market suffered a blow, but was able to recover up to one point where Bitcoin is currently trading at $ 26,600, which corresponds to a decline of 1.6 % in the last seven days
In the lawsuit against Coinbase, the SEC claimed that several cryptocurrencies were securities, and called Ada, Sol, Matic and others directly. As a result, ADA fell by 15 %, Matic by 14 % and SOL by 10 %. As expected, BNB has also dropped by about 15 %.
If you do not want to go through the complete documentation, we have both summarized in two parts:
Against this background, the only big cryptocurrency that is well asserted and has been traded in the green in the past seven days. Perhaps this is due to the fact that XRP was not referred to as securities in the complaint of the SEC against Coinbase.All in all, the week was one of the most intense in a long time and it is very interesting to see how the industry will deal with the situation. Both and coinbase will fight against the SEC requirements.
Market data
Market capitalization: $ 1,154 billion | 24-hour volume: $ 29 billion | BTC dominance: 44.8 %
BTC: $ 26,600 (-1.6 %) | ETH: $ 1,848 (-2.1 %) | BNB: $ 262 (-14.6 %)
The crypto headlines this week should not be missed
Bitcoin crashes after the Sec Binance has sued for securities violations. The world's leading cryptocurrency exchange Binance was sued by the US stock exchange supervision SEC, among other things, for alleged violations of securities laws.
sec, complains Coinbase, a day after submitting a lawsuit against Binance. as if the above would not be enough ... Well, the SEC also sued Coinbase for violating securities laws. This happened exactly one day after the Commission had filed a lawsuit against Binance, which was an apparently massive step against the crypto industry.
Binance CEO in front of the US district court. also the CEO of Binance - Changpeng Zhao - is under the shelling of the Sec. After the lawsuit against him and his exchange, the US district court for the District of Columbia delivered a summons.
Binance US decoted 101 trading pairs according to arrangement for freezing the Sec. Almost immediately after the SEC Binance, CZ and Binance Us had sued, the latter confirmed that it had no plans to resume the trade for 101 trading pairs on its platform. The target pairs include EOS/USDT, AAVE/USDT, Comp/USDT, etc.
The 3 knowledge from the lawsuit between the Sec and Coinbase. The complaint of the SEC against Coinbase is 101 pages long. We have summarized the three most important findings from the lawsuit that will most likely have an impact on the industry.
The 3 most serious claims in the SEC lawsuit against Binance. Binance, CZ and Binance US are the defendants in the recent complaint against the US stock exchange inspectorate Securities and Exchange Commission. Here are some of the most serious claims that the agency has raised against the company and its CEO.
diagrams
This week we have a chart analysis from Ripplebinance Coincardano, Solana and Polygon - click here for full price analysis.
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