Cryptocurrencies are dropping in value amid greater regulatory pressure in the United States

Digital currencies They fall apart This Saturday, June 10th, in particular Lowercase letters. Falling occurs in a week where Securities and Exchange Commission (SEC) From the United States of America File a lawsuit in court for sharing platforms Binance and Coinbase.

Crypto asset investors interpreted these denunciations of second K US authorities advance Towards stricter regulation of the sector.

In this context, the Bitcoin (BTC)major cryptocurrency, falls 3.5%. on his part while Ethereum (ETH) 5.6% decreaseaccording to the Coinmarketcap price portal.

but biggest accidents Talk between The smallest cryptocurrencies and tokens: Cardano (ADA) down 19.5%, Dogecoin (DOGE), 13.5%; solarium (Sun) 21.7%; ribbed (Matic) 26.2%; And Avalanchetwenty%.

The SEC has filed a lawsuit against Binance and Coinbase

the The SEC sued this week for Binance and CoinbaseAnd Two of the major crypto-asset exchange platforms.

In case binancethe regulator accused the company and its founder Chengpeng Zhao of Misuse of client fundsmislead investors and regulatory authorities, and breach applicable securities laws.

“We confirm that Zhao and Binance entities were not only aware of the rules, but also consciously chose to circumvent them and put their clients and investors at risk in order to maximize their own profits,” the SEC denounced.

The agency noted last Monday that Binance incurred in Dishonesty by diverting assets from their clients to Merti Peak Limited, a company also controlled by Zhao.

as orderd , The SEC also alleged dozens of tokens such as Cardano, Solana, and PolygonAnd They are offered and sold as securities on Binance When they were not legally registered as such: The declines in the prices of the day had a particular impact on this group.

in response, Binance called the SEC’s actions “disappointing” and “unjustified.”He predicted that he would “vigorously” defend his interests.

another day, The SEC also filed a lawsuit against Coinbase by It operates as a stock exchange and stock exchange without being properly registered.

Coinbase expected to take the legal battle, if necessary, to the Supreme Court.which, if realized, would set a precedent for regulating the sector.

From the SEC’s point of view, bitcoin is a commodity But most tokens are subject to investor protection laws, and thus exchanges such as Binance must register with the agency.