SEC Looks to Regulate the Crypto Market

  • Coinbase, Sushi DAO, and Montenegro were subpoenaed without reason. 

Investors didn’t take kindly with Coinbase and other crypto shares dropping as much as 20% following the announcement.

  • The attacks by the SEC on crypto are at the time being unique to the United States, with other major hubs not taking extreme action as of yet.
  • However, some fear that the SEC’s actions are setting the stage for a US-regulated digital currency to take the stage. 

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