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The Actual Reason Bitcoin is Crashing in 2024 (ACT NOW)U.S. Treasury Secretary Janet Yellen said Tuesday that existing regulations already apply to cryptocurrency at a news conference announcing. The Securities and Exchange Commission today charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered. The U.S. government will cut off cryptocurrency companies from the broader U.S. economy if they fail to block and report illicit money flows.