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Ether Could See Further Decline Following SEC's Crackdown on Crypto

Ether continues to struggle as the SEC announced two lawsuits against Binance and Coinbase. TradingView data shows that Ether's price has retracted from $1928 to $1716 in the last three weeks, and analysts have noted that if support falls below $1700, the 2nd largest crypto by market cap could fall by another 10%. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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SEC's Crackdown on Binance, Coinbase Highlights Need for U.S. Crypto Regulatory Framework: JPMorgan

The U.S. Securities and Exchange Commission (SEC)’s lawsuits against Binance and Coinbase highlight the need for U.S. lawmakers to come up with “a comprehensive framework on how to regulate the crypto industries and the relative responsibilities of SEC vs the Commodity Futures Trading Commission (CFTC),” JPMorgan (JPM) said in a research report. "The Hash" panel weighs in.

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Patakaran

Inaanyayahan ng Mambabatas ng Hong Kong ang Coinbase na Mag-apply para Mag-operate sa Rehiyon sa gitna ng U.S. SEC Crackdown

Ang kumpanya ay nasasabik na palawakin sa buong mundo at gustong magtayo sa Abu Dhabi, Canada at Singapore, sabi ng Bise Presidente ng International Policy ng Coinbase.

(Ruslan Bardash/Unsplash)

Merkado

Pinipilit ng SEC Clampdown ang $4B na Paglipad ng Deposito Mula sa Binance, Coinbase at Binance.US

Ang mga palitan, na tinarget ng SEC para sa paglabag sa mga federal securities laws, ay dumanas ng malaking alon ng mga withdrawal ng user ngunit nagawang iproseso ang mga transaksyon sa maayos na paraan sa ngayon.

SEC Chair Gary Gensler (Alex Wong/Getty Images)

Consensus Magazine

Binance at Coinbase: Tinitimbang ng mga Eksperto ang Susunod

WIN kaya ang SEC? Magsasara ba ang Binance sa US? Ano ang gagawin ng Kongreso? Habang ang SEC ay naglulunsad ng malawak na hanay laban sa pinakamalalaking manlalaro ng crypto, hiniling namin ang hanay ng mga eksperto na tingnan ang hinaharap.

Gary Gensler (Third Way/Flickr)

Opinyon

Ang Bagong Crypto Bill na si Gary Gensler ay T Gustong Malaman Mo

T pinapayagan ng batas ng US na i-override ng mga itinalagang regulator ang nahalal na opisyal. Ngunit maaaring gawin iyon ng pinuno ng SEC.

America is still a democracy. Technically, at least. (Andy Morffew, Flickr/CC)

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ADA Falls After SEC Lists Token as Security in Lawsuits Against Binance and Coinbase

Cardano (ADA) fell 14% this week after it was listed as a security in the U.S. Securities and Exchange Commission's lawsuits against crypto exchanges Binance and Coinbase. This comes as Cardano development company IOG dismissed the SEC's claims in a blog post, saying the allegations have no impact on operations and that the filing quote contains numerous factual inaccuracies. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Patakaran

Tinanggihan ng Gensler ng SEC ang Mga Reklamo sa Crypto , Sabing Nagbigay ng Sapat na Babala na Paparating na ang Init

Si Gary Gensler, tagapangulo ng U.S. Securities and Exchange Commission, ay nagpahayag ng isang talumpati na nagpapaliwanag sa kanyang iniisip pagkatapos martilyo ang Coinbase at Binance sa magkasunod na mga aksyon.

U.S. Securities and Exchange Commission Chair Gary Gensler  (Mark Wilson/Getty Images)

Merkado

Ang Mga Pagbabahagi ng Coinbase ay 'Hindi Mapamuhunan' sa NEAR na Termino: Berenberg

Pinutol ng investment bank ang target na presyo nito sa stock sa $39 mula sa $55.

Coinbase Chief Legal Officer Paul Grewal. (Shutterstock/CoinDesk)

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Coinbase Not Shutting Down Staking Service, CEO Armstrong Says

Crypto exchange Coinbase (COIN) will continue operating its crypto staking service despite facing lawsuits from state and federal regulators over the program and several of its other offerings, Coinbase CEO Brian Armstrong said Wednesday at the Bloomberg Invest Conference. Plus, a letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case because he once offered to be an "informal advisor." CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the latest developments.

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