Crypto Resilient After Binance Lawsuit: BNB Hits 6-Month Low

• The US Securities and Exchange Commission has sued Binance and Coinbase, causing a double-digit drop in Binance Coin (BNB).
• Despite this significant price drop, the rest of the crypto sector remains resilient as DeFi activity hold steady.
• AltSignals ($ASI) token could benefit from a potential post-SEC market resurgence.

U.S SEC Sues Binance and Coinbase

The US Securities and Exchange Commission (SEC) recently initiated investigations against cryptocurrency exchanges Binance and Coinbase for alleged violations of securities laws. This news caused a double digit decline in the price of Binance Coin (BNB), dropping to its lowest level since January 23rd.

Crypto Sector Remains Resilient

Despite the significant price drop of BNB, the rest of the crypto sector appears to remain relatively immune to the news. Bitcoin is trading at $26,400, Ethereum at $1,840, and XRP at $0.51. The overall DeFi activity across various platforms also appears to be holding steady with total value locked remaining around 45 billion USDT. These observations suggest that investors are still feeling confident about cryptocurrencies despite the allegations against Binance and Coinbase.

AltSignals Could Benefit From Post SEC Market Surge

When it comes to how long this legal dispute between SEC and exchanges will take to conclude is still unclear, but if cleared then it could potentially send demand for digital assets soaring again. A new entrant into the space called AltSignals ($ASI) is currently on presale which could benefit from such an event should it arise in future months or years down the line.

Conclusion

It’s difficult to predict what will happen next in terms of how this case between SEC and exchanges would end up playing out but one thing we know for sure is that there will be some sort of resolution eventually whether sooner or later in time. In any case when that happens there might be opportunity for certain players within this space such as AltSignals ($ASI) token holders who can potentially gain from a possible post-SEC market surge when it finally arrives on major exchanges soon enough