•The US Security and Exchange Commission (SEC) has recently sued Binance and Coinbase, triggering a double-digit drop in the price of Binance Coin (BNB).
• The crypto sector remains resilient, with DeFi activity remaining steady and potential $ASI presale demand when AltSignals lists on exchanges.
• A potential clearance of the regulatory hurdle could boost demand for digital assets, such as AltSignals ($ASI), which could benefit from this development.
U.S. SEC Sues Binance & Coinbase
The U.S. Securities and Exchange Commission (SEC) has recently initiated investigations on crypto exchanges Binance and Coinbase, resulting in a double-digit drop in the price of Binance Coin (BNB). Binance is accused of 13 counts of violations, one being offering unregistered security tokens, while Coinbase is charged with operating an unregistered securities exchange, clearing agency, and broker.
Crypto Sector Remains Resilient
Despite this significant price drop of BNB to a 6-month low level since January 23rd 2021, the rest of the sector looks resilient with Bitcoin trading at $26,400 , Ethereum at $1,840 , and XRP at $0.51 . Additionally DeFi activity has remained steady across various platforms according to DeFiLlama , indicating positive sentiment among investors despite the lawsuits brought by SEC against large exchanges like Binance & Coinbase .
Potential Upside With Clearance Of Regulatory Hurdles
It might not be clear when the case between SEC & Binance will conclude; however a potential clearance of such regulatory hurdles could boost demand for digital assets once again across markets. This recovery could potentially benefit new entrants into the space; AltSignals ($ASI), which is currently on presale having potential $ASI presale demand when it lists on exchanges .
AltSignals Could Benefit From Market Resurgence
AltSignals ($ASI) endears as crypto for traders due to its automated algorithmic trading platform which allegedly allows users to place trades without any manual intervention making it suitable for novice traders . It’s safe to say that if SEC clears up regulatory hurdles in crypto marketplaces then AltSignal’s token listings stand to benefit from increased market activity .
Conclusion
The crypto sector appears resilient despite recent developments between large exchanges & U.S Security and Exchange Commission (SEC). If regulatory hurdles are cleared up then there could be a surge in demand for digital assets such as AltSignal’s ($ASI) token listings which stands to benefit from increased market activity as a result .