<p>The Securities and Exchange Commission (SEC) has been strictly following its rules on the cryptocurrency market in the US, which has had a big effect on the prices of different cryptocurrencies. Here are some recent events that have changed the price of cryptocurrencies:</p><h2 id="header-0">Case number SEC v. Coinbase Global Inc. (June 2023): </h2><p>A big cryptocurrency exchange called Coinbase Global Inc. was charged by the SEC with acting as an illegal securities exchange and broker and not registering its crypto assets as securities. It was also said by the SEC that Coinbase lied and misled people about its compliance with stock laws. The prices of several cryptocurrencies, like Bitcoin and Ethereum, went down after this action because buyers were worried about what the SEC&#39;s action might mean for the crypto market.</p><h2 id="header-1">The SEC is cracking down on DeFi platforms: </h2><p>The SEC is paying more attention to decentralized finance (DeFi) systems, which are becoming more popular. One thing that needs to be thought about is whether Ethereum (ETH) should be considered a security. This kind of labeling could have a big effect on the Ethereum network and its users, which could change how people buy, sell, and use ETH. The price of ETH and other cryptocurrency has gone up and down because of the confusion surrounding this choice.</p><h2 id="header-2">Enforcement of Cryptocurrencies by the SEC: </h2><p>The SEC has been charging people and businesses with breaking stock laws and giving them orders to stop. As buyers worry about possible legal consequences for their investments, the prices of some cryptocurrency have gone down because of these moves.</p><h2 id="header-3">Role of the SEC in Crypto Regulations:</h2><p> The <a href="https://nftstudio24.com/top-mpc-wallets-2024-security/" rel="noopener noreferrer nofollow">SEC </a>is very important when it comes to managing the coin market in the US. The group wants to make sure that all kinds of stocks, including digital assets, are sold in a clear and fair way. In order to protect buyers from scams and keep the market honest, this includes keeping an eye on how these assets are issued, marketed, and traded.</p><p>To sum up, the SEC&#39;s moves have had a big effect on the prices of many cryptocurrency. The prices of these digital assets have gone up and down because the agency is strict with stock laws and closely watches DeFi sites. As the SEC continues to keep an eye on the cryptocurrency market, buyers should know what these moves could mean for their holdings.  </p><p>The SEC has also taken legal steps against a number of bitcoin companies, which have led to large fines and punishments. To give you some examples:</p><p><strong>BlockFi</strong>: In 2022, BlockFi agreed to pay the SEC and 32 states $50 million to settle charges that it sold and offered bitcoin loans without being listed. </p><p><strong>FTX</strong>: The SEC did not directly fine FTX, but the company&#39;s fall in 2022 caused investors to lose a lot of money and showed that it wasn&#39;t following the rules. </p><p><strong>Binance</strong>: The SEC has been closely watching Binance, the biggest cryptocurrency exchange in the world, because it is said to be taking customer money and using it for a different business without being registered as a stock exchange. </p><p><strong>Charges against Coinbase</strong>: The SEC says that Coinbase let users trade at least 13 crypto assets that should have been made public as stocks. </p><p><strong>Terraform Labs</strong>: A federal judge said that four of Terraform Labs&#39; crypto coins, such as UST and Luna, were stocks that had not been listed. Regarding Digital Licensing Inc., the SEC was accused of giving &#34;materially false and misleading representations&#34; in a case involving the company. This led a federal judge to criticize the SEC&#39;s actions.</p><p>#SEC #ETF #Cryptonews</p>

SEC's Regulatory Actions Impact Crypto Market: Key Developments and Consequences

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