Both Binance and Coinbase have faced lawsuits from the SEC, with Binance accused of conducting unregistered token sales and Coinbase accused of offering digital currencies viewed as securities. Decentralized exchanges have seen a surge in trading volume following the news.
Economic indicators from the US and China, including the US CPI report and data on retail sales, will impact the market in the coming week.
The SEC's legal battle with Ripple may be affected by the release of unredacted speech-related materials on June 13, potentially leading to a settlement. Additionally, investors should consider the effects of the SEC action against Coinbase, which has led to Robinhood delisting several cryptocurrencies.
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