According to blockchain analytics platform Kaiko, Binance's market dominance decreased primarily as a result of its choice to stop zero-fee trading for some trading pairs rather than the Commodity Futures Trading Commission's lawsuit.
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The cryptocurrency exchange asserted that none of the assets it listed were securities and that any potential targeting of its wallet was the result of a "misunderstanding" on the part of representatives of the US Securities and Exchange Commission.
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The corporation keeps up the fight against the SEC's stance on cryptocurrency staking.
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