Crypto will be ‘over’ in the U.S. if Coinbase loses battle with SEC, this industry participant says. Here’s why

The latest Distributed Ledger column from MarketWatch: a weekly look at the most important moves and news in crypto.

Highlights

• Crypto exchange says it received a Wells notice from the Securities and Exchange Commission.
• The notice is regarding an unspecified portion of the exchange’s listed digital assets.
• The move is particularly important, as Coinbase is the largest crypto exchange in the U.S.
• and arguably the most regulated.
• Bitcoin prices look to be holding up well, as the Federal Reserve raises its key interest rate.
• The agency’s move could hurt institutional interest in the already battered crypto industry, industry participants said.

---

Read the original article