Multiple interactions between the
cryptocurrency exchange platforms, such as
Coinbase and
Binance, and the
Securities and Exchange Commission (SEC) are evident as these platforms are pushing for clearer rules governing digital asset transactions, a concern brought to light by several court disputes.
eCash (XEC) has been predicted to maintain its steady growth trend until 2025. The
XRP cryptocurrency, after a four-year battle with the SEC, has regained its position as the third-largest crypto. The outlook for XRP seems optimistic with a notable 25% surge amid changes in SEC leadership and
Exchange-Traded Fund (ETF) optimism. In a significant advancement, SEC approved options trading on BlackRock’s spot Bitcoin ETF (
IBIT) and the listings of Bitcoin options ETFs on NYSE and CBOE. Ethereum ETFs have also been approved by the SEC. The SEC’s regulatory stance seems to be a significant factor influencing the market, including the surge of meme coins as noted by Nic Carter, and the bearish performance of Tensor tokens following a Wells notice received by OpenSea. In attempts to clarify cryptos’ legal status, Coinbase has secured a partial victory in its motion to compel discovery in the SEC lawsuit, and Ripple prepares for a 'cross-appeal' in the SEC case.
XEC Coin News Analytics from Fri, 10 May 2024 07:00:00 GMT to Tue, 07 Jan 2025 22:35:00 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor 1
