Crypto Carries On After SEC Clampdown on Largest Exchanges
- Customer fund flows on exchanges mostly steady, data shows
- Even tokens labeled by the SEC as unregistered securities rise
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Cryptocurrency advocates appear to be taking in stride the US Securities and Exchange Commission’s widening crackdown on the digital asset sector.
Token prices were mostly higher on Tuesday after the agency accused Coinbase Global Inc. of running an illegal exchange. Many coins were on the verge of recovering all the losses posted Monday, when the regulator sued rival Binance Holdings Ltd., alleging a slew of violations.