As tech stocks slide, crypto prices continue their downward march: The price of bitcoin briefly fell as low as $4,100 on Tuesday, a far cry from the $6,500 level it had been trading at just a few weeks ago. Meanwhile, the Justice Department is investigating whether bitcoin’s rise last year was fueled partly by market manipulation, and the SEC has ramped up its enforcement of crypto companies. It seems that the SEC enforcement actions, coupled with Bitcoin Cash’s ongoing split (both Bitcoin ABC and Bitcoin SV are still being traded), put additional pressure on crypto prices.
Another issue swirling around the crypto market this week: the question of how much exchanges should disclose to their customers about assets they list. We dive deeper into that below. Plus, we break down the significance of last week’s SEC statement on regulating crypto companies.