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SEC has taken steps that may significantly impact the cryptocurrency market. With the BTC price hovering around $87,000, positive news has emerged as regulatory pressures from the U.S. begin to ease. However, recent declines have been linked to events like the Bybit hack and ETF withdrawals. The latest good news revolves around a major development concerning UNI Coin.
UNI Coin Sees Surge
UNI Coin experienced an approximate 10% increase today. This surge can be attributed to the SEC’s new pro-crypto approach as it concludes its investigation into Uniswap. This shift suggests a more favorable regulatory environment for cryptocurrencies.
A report by the WSJ, based on insider information, confirms that the SEC has closed investigations related to Coinbase, Robinhood, and suspended the case against Binance—all occurring within days. These developments seem to reinforce the optimism surrounding UNI Coin’s prospects.
“Those familiar with the matter indicate that the SEC has completed its investigation into Uniswap and does not plan to pursue any enforcement actions.”
In previous years, the SEC had been aggressive in issuing wells notices to crypto companies, signaling imminent lawsuits. However, under Gensler’s leadership, the narrative appears to have shifted dramatically, indicating potential support for the crypto market moving forward.
