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SEC to Dismiss Lawsuit Against Coinbase 🎉🎉 In a significant regulatory development, the U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against Coinbase, which sought to regulate the cryptocurrency exchange as a stock exchange. This decision marks the end of a prolonged legal battle over bringing crypto under investor-protection rules. The dismissal, pending a commission vote expected next week, follows the re-election of President Trump, known for his favorable stance on cryptocurrencies. Critics argue that this retreat could embolden bad actors in the unregulated crypto space, while proponents view it as a positive shift for the industry. Coinbase's Chief Legal Officer, Paul Grewal, stated, "It's a great day for Coinbase and for crypto." #OnChainAnalysis
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$KAITO #KAITO 🫡
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Market analysts suggest that the approval of a Litecoin #ETF could significantly impact $LTC market dynamics, potentially increasing liquidity and attracting institutional investors. 🫡However, the SEC's decision remains pending, and the market is closely monitoring any updates. In parallel, #Litecoin network activity has seen a substantial uptick. Recent data reveals that the number of active addresses on the Litecoin network reached a record of over 1.4 million on December 8, 2023. This surge is attributed to the introduction of the LTC-20 token standard, which has enhanced the network's functionality and appeal.
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#LitecoinETF Until now, crypto ETFs have mostly focused on Bitcoin and Ethereum. But Litecoin has been around since 2011, proving itself as a reliable, fast, and low-fee alternative to Bitcoin 〽️ A company called Canary Capital has filed for a spot Litecoin ETF with the SEC. The filing is now under review, and the public has until February 25, 2025, to submit comments Litecoin's network activity is surging. Daily transaction volumes have jumped 243% in the last five months, hitting $9.6 billion recently If the ETF gets approved, expect: ↗️More institutional money flowing into Litecoin ↗️Higher liquidity in the market ↗️A possible price rally as demand increases
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