Most major cryptocurrencies extended a decline on Wednesday, after the U.S. Securities and Exchange Commission sued both crypto exchanges Binance and...
Most major cryptocurrencies extended a decline on Wednesday, after the U.S. Securities and Exchange Commission sued both crypto exchanges Binance and Coinbase in the past two days.
Still, analysts said they don’t expect such regulatory actions to pose “existential risks” to crypto prices. Coinbase COIN and Binance together account for 70% of crypto trade volumes, according to data from Kaiko. Gary Gensler, chairman of the U.S. Securities and Exchange Commission, has repeatedly said bitcoin is the only cryptocurrency he would publicly label as a commodity.
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