As demands for crypto surged, Exchange platform eToro is struggling and sending an email to all users warning of possible trading limitations this weekend.
Almost all institutions show negative attitudes towards the content of the document, and believe that this regulation may hinder the innovation of cryptocurrency in the United States.
A large number of U.S. crypto firms are joining hands to oppose FinCEN's proposed regulations in that it forces businesses operating with crypto to gather information on the identities of non-customer counterparties.
Dec. 28 saw Paul Grewel - Coinbase's Chief Legal Officer - claimed that Coinbase will stop services of XRP trading on January 19, 2021, waiting for the SEC lawsuit against Ripple Labs.
SNX increased by 40% within a week, reaching a maximum of $8.13. According to the latest data, the price of SNX was $6.82, compared with $5.28 a week ago.