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The heightened scrutiny and regulatory action by US regulators against Binance has become a big concern for its users. A potential enforcement action by the US Securities and Exchange Commission (SEC) could be devastating for the exchange and the market. advertisement Coinbase and Binance are witnessing less liquidity as compared to earlier quarters. Jump Crypto and Jane Street pulling back their market-making activity from the U.S. will put further pressure on exchanges. Also Read: US SEC Is Reportedly Close To Taking Enforcement Action Against Binance Binance Losing Market Cap Constantly US regulators have taken strict regulatory actions against major crypto exchanges Coinbase , Bittrex , and entities related to crypto. Binance was not spared, US SEC and NYDFS took action against Paxos ordering the firm to stop minting Binance USD (BUSD) stablecoin. Trending Stories Bitcoin Price Breakdown from Monthly Support Hi...

Also Read: Coinbase May Not Relist XRP Due To This Reason advertisement Ripple Dodged Security Laws? Brad Garlinghouse, Ripple CEO in a recent interview stated mentioned that they will spend $200 around million to just defend themselves against the U.S. SEC. However, venture capitalist Jason Calacanis commenting on the interview claimed that XRP is a security. He stated that it would have cost a little for the Ripple team to go and register it as a security. Calacanis added that Ripple should have played by the rules like everyone else in the market do. Meanwhile, Brad Garlinghouse slammed VC’s claim and asked when he learned about the securities law. He added that this is embarrassing that there is no framework to register digital assets in the U.S. Trending Stories MATIC Price Analysis : Polygon Price Losing Monthly Support Hints an Upcoming fall of 15%; Keep Holding? 24/7 Cryptocurrency News Mark...

Also Read: Coinbase Launches “Stand With Crypto” NFT After Going Against SEC advertisement Coinbase Price Jumps Amid Legal Battle Coinbase Global Inc (NASDAQ: COIN) price registered a surprising surge of over 4% in the pre-market. COIN price saw a jump of 2.08 points before the market opens. This implies that the investors are positive about the recent action taken by the exchange. COIN price closed trading at $55.55 yesterday. The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad It is important to note that Coinbase (COIN) share prices have been on a decline over the past 6 months. NASDAQ: COIN price is down by almost 25%, while, it has registered a drop of 11% in the last 1 month. In the last 5 days, its price saw a drop of around 13%. Read More Crypto News Here… ...