Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
Blockchain data shows that Binance US users withdrawal rate increased after SEC moved to freeze the exhange assets.
Oluwapelumi Adejumo 2 min read 
Two US senators criticized the SEC's lawsuit against Coinbase, accusing the regulator harming consumers.
"There is no path to 'come in and register,'" the embattled CEO tweeted; "We tried."
Law firm Gresham International said US unfavorable regulatory environment has shown that "crypto is not welcome."
Coinbase stock, alongside several crypto-related stocks, have seen their values crash following the SEC's new lawsuit.
The SEC's actions against industry giants has pushed traders to decentralized alternatives.
The regulator has come for Coinbase a day after filing suit against Binance.
US SEC lawsuit against Binance appears to have united the industry, with several stakeholders supporting the embattled exchange.
A market wide sell-off triggered by regulatory enforcement action against Binance sees crypto markets sink 4.7%.
