week for crypto in US

[Jualanakun]

Reserves of Bitcoin and Ether on cryptocurrency exchanges based in the United States have recently dropped below, coinciding with an ongoing regulatory crackdown in the country.

Crypto Market -
The research report from CryptoQuant stating that Bitcoin reserves at U.S.-based crypto exchanges had decreased, reaching the lowest level since January 2017. The research also made note of the fact that, in terms of the quantity of Bitcoin they hold on behalf of their customers, offshore or foreign exchanges have exceeded U.S.-based exchanges.

Upcoming events this week-

Tuesday 13 June:
• US CPI Data
• Hinman Docs Become Public
• SEC's Coinbase Rulemaking Response
• Binance US Hearing

Wednesday 14 June:
• US PPI Data
• FOMC Meeting

Thursday 15 June:
• US Jobless Claims
• US Retail Sales Data

Other Top News
Gemini Lianchuang: The anti-encryption war of Chairman #SEC and others will cause the Democratic Party to defeat in the 2024 election
Biden’s War Against Crypto May Cost Him Voters: Winklevoss
US Congressman Warren Davidson officially files "SEC Stabilization Act" bill to fire SEC Chair Gary Gensler.
With this case to fire Gary Genster, the race is on to see who comes out on top. What do you think - Will Gensler keep his job, or will he be given the boot? Stay tuned to find out!

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[KiaKia]

Gary Gensler should do all he can to make sure that a Bitcoinist doesn't make it to the president's sit in 2024, all he has is between now till December of this year, to carry out all his operation to put an end to crypto for good, if he failed, he should be prepared for what's coming, that's if the nemesis doesn't come so quickly.

The CPI Data was released at 4% and it's good enough, even lower than expected from my side but I don't know if Bitcoin will benefit from this.

Smart Bitcoin traders om here, haven't Bitcoin lost the strong support of the 200MA already or are we still on track? Because if it's lost then we are going down to 21k or close to 21k, unless a miracle transpires.

[mich]

Well some good news for Binance exchange just happened yesterday. Binance and Binance US will still be able to do business.
The judge in the sec case declined a temporary restraining order which would have frozen company assets. But now it can still conduct its business even as it is being sued.
I think we still have a long ways to go before this mess is over with. But I do think this judge could have made the matters much worse.
https://finance.yahoo.com/news/binance-us-asset-freeze-denied-042536167.html

[avp2306]

Well some good news for Binance exchange just happened yesterday. Binance and Binance US will still be able to do business.
The judge in the sec case declined a temporary restraining order which would have frozen company assets. But now it can still conduct its business even as it is being sued.
I think we still have a long ways to go before this mess is over with. But I do think this judge could have made the matters much worse.
https://finance.yahoo.com/news/binance-us-asset-freeze-denied-042536167.html

Maybe they find the case filed by Sec weak that's why they give a chance to binance to continue their operation and give them time to comply all things they need to do to prove that to those people stopping crypto businesses on their jurisdictions.

This is good development to be heard since we can see the law on US is fair to anyone and now its up for binance to do their part to show to the guy stopping them that he us erong and binance is innocent on accusations to them.

[Aanuoluwatofunmi]

Reserves of Bitcoin and Ether on cryptocurrency exchanges based in the United States have recently dropped below, coinciding with an ongoing regulatory crackdown in the country.

Something like this had been long expected to happen even before the SEC issues arrived with Binance US, using a centralized exchange is more dangerous aside the regulation they are currently fighting on, any bitcoiner should always try as much as possible to avoid making such mistakes to have their bitcoin on centralized exchanges, but i want to believe that this recent experience will still make more users to move away from centralized exchanges to being decentralized.