Crypto Market Chaos With SEC, Liquidation Amount In 24 Hours Passes $300 Million
With the crackdown this past week coming from the U.S. Securities and Exchange Commission, the crypto market is currently reeling as the tokens listed as securities by the SEC in the lawsuit against Binance and Coinbase have plummeted. According to CoinGlass data, tokens that have been listed as securities by the SEC are suffering heavy losses. Specifically, in the last 24 hours, MATIC fell by 22.8%, SOL fell by 21.1%, ADA fell by 22.4%, FIL fell by 22.1%, and SAND fell by 19.3%.
Some tokens that are not listed as securities, such as OP, SUI, BSV, and EOS, also plummeted. But Bitcoin and Ether only saw a slight decline. Bitcoin’s recorded decrease at the moment is 2.3% in the last 24 hours, while that of ETH is 2.2%. More US crypto exchanges are expected to be targeted after the SEC sued Coinbase and Binance, two of the world’s top crypto exchanges, this week for allegedly violating its regulations. The SEC accused Coinbase on Tuesday of trading at least 13 crypto assets that are securities and should have been registered, while Binance, the world’s biggest cryptocurrency exchange, was accused on Monday of providing 12 digital coins without registering them as securities.
Source
https://t.me/Crypto_Bitcoin_Blockchain
