Bitcoin trading subdued after chaotic debut in El Salvador; Coinbase faces lawsuit

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Reuters

By Herbert Lash NEW YORK (Reuters) – Volatility in bitcoin eased on Wednesday, a day after El Salvador adopted the crypto asset as legal tender https://www.reuters.com/business/finance/el-salvador-leads-world-into-cryptocurrency-bitcoin-legal-tender-2021-09-07, but the threat of a U.S. lawsuit against crypto exchange Coinbase https://www.reuters.com/technology/sec-threatens-sue-coinbase-over-crypto-lending-programme-2021-09-08 Global Inc underscored the rocky road ahead for cryptocurrencies. The Securities and Exchange Commission issued Coinbase with a Wells notice, indicating the U.S. regulat…

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