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The week that Bitcoin joined the ranks of the world’s official currencies was meant to be a turning point for crypto bulls – and the constellation of publicly traded companies that orbit it.
It did not go as planned. The deployment in El Salvador was caught in the grip of problems. Global policymakers have issued warnings regarding the volatility of cryptocurrencies. And Coinbase Global Inc., the largest US exchange for these tokens, has said it could be sued by the Securities and Exchange Commission, signaling that regulators are set to crack down on the industry.
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