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Bitcoin fell Tuesday after the Securities and Exchange Commission charged digital-asset exchange Coinbase Global Inc.
COIN,
with operating an unregistered national securities exchange, brokerage and clearing agency. Bitcoin was down 1.1% at $25,492, after dipping as low as $25,350 immediately after the charges were announced. Bitcoin is down more than 6% for the week, after slumping Monday after the SEC charged the world’s largest crypto exchange Binance Holdings Inc. and its co-founder Changpeng Zhao with 13 securities law violations.
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