The news of the US Securities Commission suing Coinbase has sparked heated discussions, and experts have proposed to Coinbase to shift its business focus to Bitcoin, which is not recognized as a securities product. Musk paid attention to this suggestion, and sent an article suggesting that Dogecoin was also a good choice, which made DOGE rebound nearly 10%
The news of the US Securities Commission suing Coinbase has sparked heated discussions, and experts have proposed to Coinbase to shift its business focus to Bitcoin, which is not recognized as a securities product. Musk paid attention to this suggestion, and sent an article suggesting that Dogecoin was also a good choice, which made DOGE rebound nearly 10%.
(Previously: SEC sues Coinbase for violating securities laws, key points of quick reading indictment)
(Background supplement: Heavyweight! The SEC sues Coinbase as an "unregistered securities firm" trading billions of magnesium in illegal securities)
Recently, the U.S. Securities and Exchange Commission of the United States (SEC) launched a series of tough supervision on the Cryptocurrency exchange, including Coinbase and the US listed company Coinbase, which were prosecuted by the SEC for violating the Securities Act.
Furthermore, it is worth noting that in the SEC filing, a group of popular tokens are considered securities, namely BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI.
Mask carries Dogecoin
Based on the above background, Pierre Rochard, Vice President of Research at Bitcoin mining company RiotPlatforms, commented on Twitter yesterday (6th) evening, believing that Coinbase can shift its business focus to Bitcoin, which is not recognized as a securities product:
Coinbase should refocus on Bitcoin.
Elon Musk, CEO of Tesla, an electric vehicle giant, paid attention to the above remarks and said that Dogecoin coin ($DOGE) was also a good choice:
DogeFTW (Forthwin, indicating joyful emotions)
Dogecoin rebounded strongly, with a maximum fluctuation of nearly 10%
After Musk mentioned the Dogecoin, DOGE saw a strong rebound. According to CoinMarketCap data, the Dogecoin directly soared from the lowest offer of $0.066 yesterday to the highest of about $0.072, with a fluctuation of nearly 10%.
Before the deadline, DOGE had a slight correction and is now quoting 0.07, with an increase of approximately 5.6% within 24 hours.
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