⇗ SEC Developments Positively Influence XEC Coin and Other Cryptocurrencies

In the realm of cryptocurrency news, several major occurrences revolving around the United States Securities and Exchange Commission (SEC) have come to light. Notably, the SEC has taken strides towards authorizing the New York Stock Exchange's proposal to list Bitwise Bitcoin and Ethereum Exchange-Traded Funds (ETFs). Amid all the positive progress, the CEO of Coinbase issued a criticism towards an anti-crypto SEC Commissioner, hinting towards some discord in the crypto industry's relationship with the regulatory body.

The crypto community was shocked by a lawsuit hoax concerning Cardano (ADA), causing significant panic. On a more optimistic note, Bitcoin crossed a monumental threshold of $100,000 following the appointment of a pro-crypto SEC chair by former President Donald Trump. Furthermore, eCash (XEC) price predictions for the year 2024 have also been shared as Bitcoin's price hike has exhibited positive market vibrations.

Adding to the eventful journey of the digital currency market, Ripple's Brad Garlinghouse allegedly lost $150 million in a legal battle with the SEC. Pertaining to the legal landscape, Coinbase continues to warn law firms about hiring anti-crypto former SEC staff. Amid these circumstances, Paul Atkins, former SEC Commissioner, was appointed by Trump as the new SEC Chair, fostering hopes of crypto-friendly regulations.

Lastly, the SEC approved Coincheck, making it the first Japanese crypto exchange to be listed on Nasdaq, despite ongoing lawsuits like the SEC’s case against Touzi Capital for defrauding over 1,200 crypto investors. Potential consequences Hovering Welch could face if SEC probes HAWK launch raised some eyebrows. Ripple's Spot ETF Timing and XRP’s return as 3rd-largest cryptocurrency after a 4-year standoff with SEC was notable too.

XEC Coin News Analytics from Thu, 27 Jun 2024 07:00:00 GMT to Wed, 11 Dec 2024 16:39:12 GMT - Rating 4 - Innovation 6 - Information 7 - Rumor -6