14 Jun 2023

Implications of the SEC charges and lessons from XRP

Last week’s SEC charges against Binance and Coinbase caused turmoil in the market, particularly for tokens implicated as Digital Asset Securities in the filings.

In Short

All tokens implicated in the SEC case, apart from SOL, have seen negative returns from the BTC bottom of November 2022. What can we expect onwards, and what are the lessons from the lengthy XRP case?
The combined market share of BTC, ETH, and stablecoins currently sits at 80.5% for the first time since February 2021. Additionally, all coins mentioned
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