Financial regulators of the United States, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have been accused of regulatory excesses around the digital asset industry. With this, crypto- Its leaders even noted that the US could lose several crypto firms due to regulatory clarity.
Crypto.com Could Be The Next Downfall
According to reports, based in Singapore Crypto.comis the latest digital asset exchange to come under investigation by US Financial regulators. He added that the stock market could crash or end its US-based operations.
Attorney James Deaton, who was the Amicus Curiae in the long-running US SEC vs Ripple lawsuit, tried to clear the air over Crypto.com’s allegations. He said it was a mistake for the industry to believe that Coinbase was the only exchange to receive a Wells Notice from watchdogs.
As we have reported as Koinfinans.com Bittrex USA It has announced that it will end its activities until April 30, 2023. However, he stated that the funds are safe and withdrawals are safe. He added that the exchange’s global operation and funds will not be available.
He added that while the lawyer for XRP holders is not so sure about this, he is confident that most exchanges have at least received investigation subpoenas recently.