SEC – Coinbase Case Decision Brought First a Rise and Then a Sharp Fall in Bitcoin (BTC)!

Coinbase - SEC case decision had a bad impact on BTC.

Recently, the case between the US Securities and Exchange Commission (SEC) and Coinbase has been on the agenda of the cryptocurrency industry. The judge recently made some important decisions on this case.

Judge rejects SEC's "unregistered broker" claims about Coinbase wallet.

The judge ruled that Coinbase's Staking Program likely constituted an investment contract.

The US Judge has now made some decisions that will be in favor of both parties. Although the SEC's rejection of "unregistered broker" allegations brought a rise in Bitcoin, the investment agreement decision had a bad impact on BTC.

During this process, BTC, which initially rose to 71,898 dollars, lost all its rise as the minutes progressed and fell to 69 thousand dollars.