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How the SEC's Actions Could Impact the Crypto Market and a Potential Bitcoin ETF

The crypto market has made a strong recovery in 2022, with BTC rising by over 80% YTD and many altcoins performing even better. This has led to speculation about whether the bear market is over and if the industry is preparing for another bull cycle. However, recent actions by the US Securities and Exchange Commission (SEC) could impact the market.

The SEC's lawsuits against Ripple, Coinbase, and Binance have harmed most digital assets' prices, but a recent ruling in favor of Ripple could have a positive impact on the market. Additionally, the SEC's decision on whether to approve a spot Bitcoin exchange-traded fund could also have a significant effect on the market.

Bitcoin Bitcoin $90,533.77
-0.43%
BTC SEC
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