US SEC's move to Coinbase shows that there is a regulatory vacuum for cryptocurrencies
Mar 04, 2025 am 06:42 AMThe gray area of ??US cryptocurrency regulation: Coinbase lawsuit withdraws double impact with Bybit hacking
The withdrawal of the US Securities and Exchange Commission's lawsuit against Coinbase marks a new phase of uncertainty in U.S. cryptocurrency regulation. Coinbase CEO Brian Armstrong claimed that the company had no need to pay a fine or change its business operations and had previously invested about $50 million in litigation. The incident seems to imply that the SEC is suspending its ten-year-old securities rules, awaiting Congress to enact new cryptocurrency regulations. However, the legislative process of Congress is long, and this "regulatory vacuum" may last for quite some time.
Although Coinbase's victory news has boosted the cryptocurrency market, Bybit's hacking of more than $1 billion quickly extinguished optimism. This is one of the largest hacking incidents in cryptocurrency history, triggering a panic sell-off in the market. Although Bybit CEO Ben Zhou claimed that the company had enough funds to deal with it, both Bitcoin and Ethereum prices remained falling, and Coinbase's stock price also reversed, falling 8% in the afternoon.
This incident highlights the inherent risks of the cryptocurrency industry and indirectly proves that the risk control mechanism of traditional financial institutions is more perfect. Traditional financial institutions such as Nasdaq have previously expressed concerns to regulatory authorities, demanding a clear regulatory deadline for cryptocurrency exchanges and hope to launch their own cryptocurrency businesses as soon as possible. Banks also want to provide cryptocurrency services to avoid losing customers. However, they must comply with strict banking regulations.
Recently, bank lobby groups have also put pressure on the government to avoid lagging behind in cryptocurrency competition. The withdrawal of the dual incidents of the Coinbase lawsuit with the Bybit hacking not only exposed the vulnerability of the cryptocurrency market, but also highlighted the advantages of traditional financial institutions in regulation and risk management. In the future, how to balance innovation and risk in the cryptocurrency field will be an ongoing challenge.
The above is the detailed content of US SEC's move to Coinbase shows that there is a regulatory vacuum for cryptocurrencies. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Ethereum is a decentralized application platform based on smart contracts, and its native token ETH can be obtained in a variety of ways. 1. Register an account through centralized platforms such as Binance and Ouyiok, complete KYC certification and purchase ETH with stablecoins; 2. Connect to digital storage through decentralized platforms, and directly exchange ETH with stablecoins or other tokens; 3. Participate in network pledge, and you can choose independent pledge (requires 32 ETH), liquid pledge services or one-click pledge on the centralized platform to obtain rewards; 4. Earn ETH by providing services to Web3 projects, completing tasks or obtaining airdrops. It is recommended that beginners start from mainstream centralized platforms, gradually transition to decentralized methods, and always attach importance to asset security and independent research, to

1. First, ensure that the device network is stable and has sufficient storage space; 2. Download it through the official download address [adid]fbd7939d674997cdb4692d34de8633c4[/adid]; 3. Complete the installation according to the device prompts, and the official channel is safe and reliable; 4. After the installation is completed, you can experience professional trading services comparable to HTX and Ouyi platforms; the new version 5.0.5 feature highlights include: 1. Optimize the user interface, and the operation is more intuitive and convenient; 2. Improve transaction performance and reduce delays and slippages; 3. Enhance security protection and adopt advanced encryption technology; 4. Add a variety of new technical analysis chart tools; pay attention to: 1. Properly keep the account password to avoid logging in on public devices; 2.

Binance APP is a world-leading digital asset service application, providing users with safe and convenient trading experience and comprehensive market information. Through its official mobile client, users can grasp the latest market trends, manage personal digital assets, and conduct diversified trading operations anytime and anywhere. This article will introduce in detail how to obtain and install the Binance APP through official channels, as well as its core functions and usage techniques, to help users use the platform safely and efficiently.

First, choose a reputable digital asset platform. 1. Recommend mainstream platforms such as Binance, Ouyi, Huobi, Damen Exchange; 2. Visit the official website and click "Register", use your email or mobile phone number and set a high-strength password; 3. Complete email or mobile phone verification code verification; 4. After logging in, perform identity verification (KYC), submit identity proof documents and complete facial recognition; 5. Enable two-factor identity verification (2FA), set an independent fund password, and regularly check the login record to ensure the security of the account, and finally successfully open and manage the USDT virtual currency account.

First, choose a reputable trading platform such as Binance, Ouyi, Huobi or Damen Exchange; 1. Register an account and set a strong password; 2. Complete identity verification (KYC) and submit real documents; 3. Select the appropriate merchant to purchase USDT and complete payment through C2C transactions; 4. Enable two-factor identity verification, set a capital password and regularly check account activities to ensure security. The entire process needs to be operated on the official platform to prevent phishing, and finally complete the purchase and security management of USDT.

Currently, JD.com has not issued any stablecoins, and users can choose the following platforms to purchase mainstream stablecoins: 1. Binance is the platform with the largest transaction volume in the world, supports multiple fiat currency payments, and has strong liquidity; 2. OKX has powerful functions, providing 7x24-hour customer service and multiple payment methods; 3. Huobi has high reputation in the Chinese community and has a complete risk control system; 4. Gate.io has rich currency types, suitable for exploring niche assets after purchasing stablecoins; 5. There are many types of currency listed on KuCoin, which is conducive to discovering early projects; 6. Bitget is characterized by order transactions, with convenient P2P transactions, and is suitable for social trading enthusiasts. The above platforms all provide safe and reliable stablecoin purchase services.

The price fluctuations of ETH have touched the hearts of countless investors, and discussions about whether its prices will bottom out again have never stopped. This article will review the price trends of Ethereum in recent years, and combine current market fundamentals and technical indicators to explore whether it is possible to pull back to the key support level of US$2,000, providing readers with a multi-dimensional market observation perspective.

Ouyi APP is a professional digital asset service platform dedicated to providing global users with a safe, stable and efficient trading experience. This article will introduce in detail the download method and core functions of its official version v6.129.0 to help users get started quickly. This version has been fully upgraded in terms of user experience, transaction performance and security, aiming to meet the diverse needs of users at different levels, allowing users to easily manage and trade their digital assets.