eCash (XEC) has been gaining attention lately along with the industry's ongoing legal battles.
XEC's price forecast for 2024 topped the news, indicating potential future growth. Meanwhile, crypto firms dealt with intensified scrutiny from the
SEC, with Coinbase a recurring name. Coinbase battled over unclear crypto regulations, faced shareholder lawsuits pertaining to SEC risks, and sought SEC-related documents from the CFTC and FDIC in its legal struggle. In parallel, Ripple’s legal status remained steady despite SEC's appeal, spurring a 17% surge in XRP as the case concluded.
SEC meanwhile signaled a retreat from Ethereum in its settlement with eToro. Recent developments included approval of Bitcoin ETF options by NYSE and Cboe, Immutable receiving a Wells notice, and 21Shares filing for spot XRP ETF. SEC also sued crypto market maker Cumberland DRW and issued a Wells Notice to OpenSea. Later, SEC decided to drop its investigations into Ethereum, Paxos, and the Bitcoin Stacks developer Hiro. Court rulings sided with SEC on Binance and Coinbase cases while giving mixed results for Kraken. Immutable, on the other hand, pledged to fight despite the Wells notice. Amid these recent developments, the uncertain regulatory environment continues to influence the market with Coinbase suggesting the SEC’s 'overreach' cost small investors $15B.
XEC Coin News Analytics from Tue, 19 Mar 2024 07:00:00 GMT to Wed, 06 Nov 2024 12:24:17 GMT -
Rating 1
- Innovation 5
- Information 7
- Rumor 4
