Cryptocurrency

Victory

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/coinbase-scores-historic-victory-in-sec-legal-battle/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase Scores Historic Victory in SEC Legal Battle</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/kripto-para-yatirimcilari-havaya-uctu-kotu-haber-aslinda-iyiymis" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency</a> investors are well aware of the difficulties imposed by the <strong>SEC’s</strong> lawsuits against exchanges. Last year, the SEC intensified its pressure, taking legal action against Coinbase and <a href="https://en.coin-turk.com/us-prosecutors-seek-approval-for-binances-4-3-billion-settlement-deal/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> exchanges. Binance opted for a settlement due to the pressure, but things at Coinbase were not proceeding in the same way. Recently, there has been a new development in the case.</p>
<p style="text-align: justify">In the ongoing case between Coinbase Exchange and the SEC, the judge has made a historic decision.</p>
<p style="text-align: justify">According to the announcement, the judge ruled that <strong>Coinbase’s Staking Program</strong> likely constitutes an investment contract, appearing to offer unregistered securities.</p>
<p style="text-align: justify">However, the judge rejected the SEC’s claim that Coinbase’s Wallet services acted as an unregistered brokerage, marking a significant event.</p>
<p style="text-align: justify">Following the news, the share price of Coinbase Global Inc (NASDAQ:COIN) trading on the US stock exchanges plummeted. The price, which was at $267 at the start of trading, was hovering above $253 after a 4.63% drop following the news.</p>
<p style="text-align: justify">It is now a subject of curiosity what developments may follow this news. It is also anticipated that the legal battles between the SEC and exchanges will continue at full speed.</p>
<h2 style="text-align: justify" id="what-is-the-current-price-of-bitcoin">What is the Current Price of Bitcoin?</h2>
<p style="text-align: justify">While all this was happening, the price of <a href="https://coin-turk.com/bitcoin-btc-ve-kripto-para-madenciligine-new-york-yasagi-mi-geliyor" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> also appeared to be declining. After a 0.92% decrease in the last 24 hours, the <a href="https://coin-turk.com/son-dakika-buyuk-zafer-abd-mahkemesi-grayscale-kararini-onayladi-spot-bitcoin-etf-teklifi-gozden-gecirilecek" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> price was at $69,147.</p>
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-334051" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-dusus-coin-turk-com.png" alt="" width="1835" height="857"></p>
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  The market capitalization of <a href="https://en.coin-turk.com/sec-chairman-gensler-discusses-spot-bitcoin-etfs-amidst-market-uncertainty/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> also retreated to $1.36 trillion after a nearly 2% drop, reflecting a decrease in investor interest. Additionally, there was a decline in <a href="https://en.coin-turk.com/bitcoins-next-halving-speculations-and-predictions-on-price-peaks/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>‘s 24-hour market volume. After the drop, <strong>BTC’s</strong> 24-hour market volume fell over 16%, down to $36.8 billion, which could be interpreted as a decrease in trading activity.
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<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/coinbase-scores-historic-victory-in-sec-legal-battle/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase Scores Historic Victory in SEC Legal Battle</a></h5>

Coinbase Scores Historic Victory in SEC Legal Battle

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