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Cryptocurrencies Price Prediction: Cryptos, Binance & Cardano – American Wrap 09 April

Weekly Roundup: Binance.US halts fiat services, Coinbase does business as usual, XRP hits key milestone

The US financial regulator, the Securities and Exchange Commission’s (SEC) clampdown on exchange negatively influenced the crypto market and assets throughout the week. The SEC’s lawsuits against Binance and Coinbase resulted in several challenges for the platforms’ users. 
 
The US Securities and Exchange Commission (SEC) labeled Cardano, the native token of Input Output Global’s (IOG) smart-contract platform, as a security in its lawsuit against Binance and Coinbase. The Cardano developer slammed the SEC’s classification and argued that ADA is not a security according to the US Securities law. 
 
Most crypto projects typically offer free promotional NFTs and airdrops to attract investors. This is a common practice in NFT launches, play-to-earn tokens and the gaming ecosystem of crypto. However, the days of these practices in the United Kingdom could be numbered.
 
 

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