Recovery for Global Markets as Crypto Faces Regulatory Pressure From SEC
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US stocks rallied last week after the Senate passed a bipartisan deal to extend the $31.4 trillion debt ceiling.
The SEC is at it again! This time, the regulator is targeting major crypto exchanges offering services in the US, specifically Binance and Coinbase.
On the brighter side, these latest developments have only had a small impact on BTC’s price, which could signal sellers being exhausted here and that the markets are becoming more and more resilient to “bad news”.