BTC falls below 70K, what is the reason? It may be due to a court ruling that allows the SEC to continue its appeal against the custodian and exchange Coinbase for the Bitcoin spot ETF, accusing Coinbase of being an unregistered exchange, broker, and clearinghouse, and engaging in “unregistered securities issuance and sales” through its lending program.
Previously, Coinbase filed a motion with the court hoping to prevent the SEC from continuing to accuse Coinbase as mentioned above.
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SEC: Coinbase cannot be unaware of its violation of securities laws
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