05 Jun 2023

SEC targets exchanges for pushing unregistered securities

BTC drops sharply on the SEC news.
Ahead June 06

In Short

SEC suing Binance and Coinbase led to a sharp market drop.
SEC targets Binance and Coinbase Bitcoin saw a sharp push lower yesterday amidst SEC’s lawsuit vs. Binance, leading BTC to reach lows not seen since March 17 and to retest range highs from February 21 before stabilizing at $25,700. The past week’s downtrend from highs above $28k has widened the trading range further, signaling a new volatility regime ahead.
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