While there was activity in Bitcoin and altcoins before the FED decision, the case between Binance, the world's largest cryptocurrency exchange, and the SEC will be followed today.
Because an important hearing will take place today in the case between the SEC and Binance.
The hearing is expected to start today at 22:00 Turkey time (UTC 19:00).
If we look at the developments in the case so far; Judge Faruqui, who presided over the case, accepted the requests to unseal the sealed documents in the case.
These sealed documents are expected to be disclosed at today's hearing.
Taking a harsh stance against Binance.US in the case, the SEC accused Binance US and BAM, the company responsible for Binance.US, for not cooperating during the investigation process.
While this hearing is of great importance for cryptocurrencies and the industry, any interim decision from the court interpreted against Binance may increase volatility in the market.
As you may remember, the SEC filed a lawsuit against Binance and its US arm Binance US at the beginning of June.