🔎Analysis. What influenced the market crash?
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📌First the SEC sues Binance.US.
📌Then SEC sues Coinbase.
📌SEC calls SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH and NEXO - unregistered securities.
📌SEC demands asset freeze of Binance's US subsidiary
📌BinanceUS is delisting more than 50 trading pairs and will suspend over-the-counter (OTC) trading from 8 June. // Coinabase responds by saying it has no intention of delisting.
📌Rumours of Binance converting assets into fiat appear online, market starts to fall, exchange head soon denies the rumour.
📌Robinhood starts selling customer tokens named in SEC lawsuit against Binance, Coinbase for $1.3bn
📌Google searches for the word Sgurto have fallen to 2020 levels
📌 A hearing is scheduled tomorrow before the US Financial Services Committee on clarity on cryptocurrency regulation.
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