


In April, Ripple denied the SEC allegations that XRP has traded and used as a digital currency. The SEC also alleges that Ripple Labs Inc., a San Francisco-based cryptocurrency payment company, sold unregistered securities with its native coin, XRP. is not fully predictable," said Yuliya Guseva, a law professor at Rutgers University and head of the school's blockchain and fintech program.ġ. "The future of crypto-asset regulation in the U.S. Will this dissuade retail investors and scare off potential crypto investors? The SEC also charged Coinbase, the only publicly-traded crypto exchange company, with illegally operating an unregistered securities exchange.Ī cloud of uncertainty hangs over the regulation of crypto exchanges, and has helped to push down cryptocurrency prices. The SEC charged Binance, the world's largest crypto exchange and founder Changpeng Zhao with mishandling customer funds, and illegally serving U.S. Though the lawsuits contain different allegations, both contend the companies ran unregistered securities exchanges. This week, the Securities and Exchange Commission sued two other major exchanges - Binance and Coinbase. Last year, Bitcoin tumbled from its 2021 perch - and 2022 ended with the implosion of the cryptocurrency exchange FTX. A cloud of uncertainty hangs over the regulation of crypto exchanges, and has put pressure on cryptocurrency prices
