In a 101-page lawsuit, Coinbase, the largest cryptocurrency exchange in the United States, has been accused by the Securities and Exchange Commission (SEC) of allowing securities, including SOL, ADA, and MATIC, to be traded on its platform without proper registration. The SEC’s lawsuit comes just one day after similar...
In response to the recent allegations made by the Securities and Exchange Commission (SEC), leading blockchain platforms Polygon, Solana, and Cardano have issued official statements dismissing the claims and asserting their commitment to regulatory compliance. Polygon’s Response Polygon, represented by Polygon Labs, addressed the SEC’s allegations regarding its native...
Bitcoin and Altcoins Experience Volatility Amidst SEC Allegations Bitcoin faced a notable decline yesterday, although not as severe as some alternative coins (altcoins), before encountering further volatility throughout the day. Meanwhile, many altcoins experienced a significant plummet, with double-digit losses. However, in the past 24 hours, there has been...