The SEC is sending shockwaves throughout the crypto industry with two lawsuits on U.S. crypto exchanges in one week.

Binance U.S. and now Coinbase crypto exchanges are being sued by the SEC on grounds of allegedly violating securities regulations. In what’s shaping up to be a dark week in American cryptocurrency, Coinbase stocks have tumbled by 16 percent since the Tuesday morning filing along with Bitcoin sliding even further to the $25,000 range.

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