Bitcoin Falls Below 70K! SEC Can Appeal to Coinbase, Bitcoin ETF May Be Affected

BTC falls below 70K. What is the reason? It may be due to a court ruling that allows the SEC to continue its appeal against Coinbase, the custodian of Bitcoin spot ETF, accusing Coinbase of being an unregistered exchange, broker, and clearinghouse and engaging in unregistered securities issuance and sales through its lending program.

Previously, Coinbase filed a motion to the court, hoping that the SEC would not continue to target Coinbase with the aforementioned accusations.

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SEC: Coinbase cannot be unaware of its violation of securities laws.
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ETF
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