US Authorities Target Specific Cryptocurrencies: Impact on Bitcoin (BTC) and Ethereum (ETH) Market Dynamics
- Over time, the United States government, through its regulatory agencies, has filed cases against several crypto firms, demanding compliance for their products and services.
- While the list is extensive, some cases have stood out, like lawsuits against decentralized protocols like Uniswap, crypto mixing platforms like Tornado Cash, and big firms like Binance and Coinbase.
- The U.S. government’s fight against crypto entities became more intense last year with multiple lawsuits and charges filed against major players in the industry.
Explore the U.S. government’s crackdown on crypto entities, including major lawsuits against Binance, Coinbase, and Uniswap, and what this means for the future of the crypto industry.
The U.S. Fights Crypto
Within 48 hours in early June, the Securities and Exchange Commission (SEC) sued Binance and Coinbase, the largest crypto exchanges globally and in the country. The allegations against the entities were similar: failure to register as brokers, national securities exchanges, clearing agencies, and violation of U.S. securities laws. Two months later, the Department of Justice (DOJ) charged the co-founders of Tornado Cash, accusing them of laundering over $1 billion in criminal proceeds. This was a year after the Office of Foreign Assets Control sanctioned the crypto mixer for its ties to cybercrime groups.
High-Profile Cases and Penalties
Toward the end of last year, the SEC sued the crypto... Read the full article for FREE at COINOTAG!
