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SEC Lawsuits Against Binance and Coinbase Leave BTC and ETH Unscathed

Last week, the U.S. Securities and Exchange Commission filed lawsuits against Binance and Coinbase, causing a drop in prices for all assets. However, Bitcoin and Ethereum have since rallied, with Bitcoin up 2.75% on the five-day window and Ethereum experiencing a 5% intraday gain.

The SEC has named 19 tokens as securities in the lawsuits, but Bitcoin, Ethereum, and Ripple were not included. If the SEC's legal theory prevails in court, Coinbase, Binance, and other exchanges may be required to register with the agency and comply with their rules to protect retail investors.

Bitcoin Bitcoin $91,717.06
-6.74%
Binance Coinbase Bitcoin Ethereum
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