19 SEC Flagged Crypto Tokens Witness Trade Volume Spike

Despite the shadow cast by regulatory scrutiny, 19 crypto tokens flagged by the U.S. Securities and Exchange Commission (SEC) are experiencing a surge in trading volume. Just two months after the significant blow to their market cap, these 19 digital tokens have started exhibiting signs of recovery, at least in trading volumes.

Around two months after the US Securities and Exchange Commission (SEC) filed lawsuits against major exchanges Binance.US and Coinbase, targeting 19 digital assets, market activity is stirring. The U.S. SEC has several crypto assets on its radar. In its recent lawsuit against Coinbase, it deemed SOL, among others, as securities.

Bloomberg reported citing data that the aforementioned 19 crypto assets have been noting a rise in trading volume, bringing to light the maturation of the market and investors. That designation of 19 tokens, laid out in SEC lawsuits against crypto exchanges Binance and Coinbase Global Inc. last week, was perceived as so potentially damaging to their value.

While trading volume on U.S.-based exchanges constitutes only 10% of the total crypto trading volume, according to a report from CCData (World One News Page: Wednesday), the renewed interest in these 19 tokens is noteworthy. Binance and Coinbase, prominent global exchanges, are at the center of the SEC's focus.

This resurgence in trading volume suggests a complex interplay of factors, potentially including bargain hunting, speculative trading, or increasing institutional interest despite the regulatory uncertainties. It remains to be seen if this trend will continue, but it highlights the dynamic nature of the cryptocurrency market.