Many cryptocurrencies unexpectedly rose today after the Securities and Exchange Commission (SEC) continued its crackdown on the industry.

Since late afternoon yesterday, the price of the world's largest cryptocurrency, Bitcoin (CRYPTO:BTC), traded 4% higher as of 3:12 p.m. ET today. Meanwhile, the price of the world's second-largest cryptocurrency, Ethereum (CRYPTO:ETH), traded 3.7% higher, while the price of the meme token Dogecoin (CRYPTO:DOGE) was up 7.5%.

Yesterday, the SEC sued the world's largest crypto exchange, Binance, on 13 charges. Today, the SEC dealt another blow to the industry, suing the large crypto exchange Coinbase Global.

Continue reading

Source Fool.com