Weekly Roundup: Binance.US halts fiat services, Coinbase does business as usual, XRP hits key milestone
FXstreet
09 Jun 2023 4:17 PM
The US financial regulator, the Securities and Exchange Commission’s (SEC) clampdown on exchange negatively influenced the crypto market and assets th...
- Binance.US is suspending fiat deposits and withdrawals due to lack of support from banking partners after the SEC's lawsuit against the platform.
- Coinbase continues to operate as usual despite the SEC's lawsuit and has observed a massive increase in withdrawals from its liquid staking platform.
- XRP transactions crossed 1.16 million, hitting a key milestone for the community of holders and sustaining above the $0.52 level.
The article discusses the negative impact of the SEC's lawsuits on the crypto market and assets, but also highlights the resilience of some platforms like Coinbase and the bullish momentum of XRP.
You May Ask
Why is Binance.US suspending fiat deposits and withdrawals?How has Coinbase been affected by the SEC's lawsuit?What milestone did XRP cross and how is it likely to affect its price?What is the sentiment of the article towards the SEC's lawsuits and their impact on the crypto market?What are some of the challenges faced by users of Binance and Coinbase due to the SEC's lawsuits?