Crypto News: The United States Financial regulators, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) has been alleged for their regulatory overreach around the digital asset industry. However, the crypto leaders have even stated that the U.S. might lose several crypto firms due to regulatory clarity.
Crypto.com Might Be Next To Fall
As per reports, Singapore based Crypto.com is the latest digital asset exchange to land under investigation by the U.S. Financial regulators. It added that the exchange might collapse or can wind up its U.S. based operations.
Attorney James Deaton, Amicus Curiae in the long running US SEC vs Ripple lawsuit tried to clear the air over Crypto.com winding up claims. He stated that it is a mistake if the industry believes that Coinbase was the only exchange to receive a warning Wells Notice from the watchdogs. Read More Crypto News Here…
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Coingape reported that Bittrex U.S. declared that it will be winding up its operations by April 30, 2023. However, it mentioned that the funds are safe and withdrawals are safe. It added that the exchange’s global operation and funds won’t be available.
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XRP holders’ lawyer added that he is sure that most of the exchanges have gotten at least investigatory subpoenas recently. However, he not much sure about it.
