67 Tokens That Are Declared as a Security by the SEC
67 tokens that are declared as a security by the SEC:
Cardano's Reconciliation Efforts Amidst SEC Crackdown and Market Uncertainty
Amidst the SEC's crackdown on cryptocurrencies and the uncertain market, investors are showing interest in Cardano. Charles Hoskinson's recent efforts to reconcile with the XRP community are seen as important for maintaining unity within the cryptocurrency sector.
The Crypto Market Sees Devastating Correction, Resulting in $350M Worth of Longs Liquidated
The crypto market experienced a devastating correction, with $350M worth of longs being liquidated. In just two-three days, the majority of altcoins plummeted by 30%, causing investors to suffer heavy losses. Short sellers were also caught off guard, with $50M in short positions being liquidated. Cardano (ADA) suffered the most with a 40% drop, followed by Binance Coin (BNB) at 23%.
Cryptocurrencies Experience Significant Drop in Value Following SEC's Enforcement Actions Against Binance and Coinbase
The SEC's recent enforcement actions against Binance and Coinbase for alleged securities law violations caused a significant drop in value for several major cryptocurrencies, including Solana, Polygon, and Cardano. The SEC's lawsuit against Binance also sparked discussions and reactions on Twitter, with users expressing their opinions and concerns about the regulatory agency's actions.
Ethereum's Volatility Could Increase as SEC's Action on Binance and Coinbase Brings Selling Pressure, MTC, Pepe, Polygon, and ChitCAT Show Promising Gains, Bitcoin and Cardano Also Doing Mildly Well
Ethereum started the day with a slight gain of 0.2%, trading at $1,744 with a market cap of $209,864,137,109 and a trading volume of $5,473,556,595. However, the Bollinger bands are indicating increasing volatility, and the MACD indicator suggests a likely bearish trend.
Former SEC Chief Faults Coinbase's Defense Against Regulator
Former Chief of the SEC Office of Internet Enforcement, John Reed Stark, has criticized Coinbase Global Inc's defense against the markets regulator. The trading platform's argument that the regulator approved its IPO and therefore has a good understanding of its business is flawed, according to Stark.
Crypto Industry Faces Legal Turmoil as SEC Targets Binance and Coinbase, Decentralized Exchanges Surge
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.
Long-Term Bitcoin Holders Unfazed by Binance and Coinbase Lawsuits, Glassnode Data Shows
Long-term Bitcoin holders are not affected by the recent lawsuits filed against Binance and Coinbase by the SEC, according to data from Glassnode.
Senator Vows to Revamp Crypto Regulation as Businesses Abandon US Market
The U.S. crypto sector has been facing difficulties after the SEC categorized major cryptocurrencies as securities.
SEC Lawsuit Against Coinbase Over DASH's "Security" Classification Sparks Debate in Crypto Community
The SEC has identified several tokens listed on Coinbase and Binance, including DASH, as "security." The DASH community disputes this classification, arguing that its decentralized technology as a payments system does not warrant it. The SEC accuses DASH of being an unregistered security due to the existence of a centralized "core group" dedicated to its development, but the DASH community claims that this group has not existed since 2017 and they have no expectation of profit. The crypto rating council has given DASH a score of 1.0 in its evaluation of the security concept, which is the same score as Bitcoin.
