🚀 5 Things to Know in Crypto This Week: BTC, Coinbase, and the SEC

This week's crypto landscape has been nothing short of dynamic. Here are five key developments:

🌐 1. SEC vs. Ripple Enters Third Year

The legal saga between the SEC and Ripple reached its third year, with Coinbase also entangled in legal battles. This prolonged dispute continues to shape the regulatory landscape.

📈 2. BTC Gains Fueled by Spot ETF Progress

Progress toward a crypto-spot ETF market contributed to Bitcoin's resurgence, pushing it back to $44,000. The market is set for its ninth weekly gain in ten weeks.

🚀 3. Coinbase Dominates, Surging 18.65%

In a remarkable move, Coinbase (COIN) outpaced the market, rallying an impressive 18.65% in the week ending December 22, 2023. France's approval as a registered VASP and expansion plans fueled this surge.

💹 4. Crypto Market Cap Hits $1,613 Billion

The overall crypto market cap soared by 5.76% ($87.86 billion) to $1,613 billion by the week's end on December 24, 2023. Ongoing progress toward a BTC-spot ETF market boosted demand across the crypto spectrum.

🏛️ 5. SEC Chair Gensler's Crypto Caution

SEC Chair Gary Gensler issued a holiday message, emphasizing noncompliance with securities laws in the crypto space. Gensler's comments underscored his concerns about fraud and bad actors, characterizing the crypto market as the "Wild West."

📉 Coinbase vs. SEC Drama Continues

Despite legal challenges, Coinbase's shares surged, hitting $178. The ongoing SEC vs. Coinbase case will see oral arguments on January 17, 2024. If Coinbase's motion to dismiss is granted, it could reshape the SEC's regulatory approach.

🔍 Stay tuned for more updates. The crypto saga continues to unfold!

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