Bitcoin is volatile as traders await this week's decision on rates from the Federal Reserve. A new court filing from Monday afternoon showed the U.S. Securities and Exchange Commission (SEC) is urging the court to approve an inspection of Binance.US.<br /><br />What To Know: The SEC sued Binance earlier this year, claiming the company was running an unlicensed securities exchange. In a new filing, the SEC stressed that its findings show there is an "urgent need for an inspection."<br /><br />A hearing on the case is scheduled to take place Monday afternoon and the crypto market appears to be reacting negatively to reports. <br /><br />Bitcoin has been trending higher over the last week. It broke above the $27,000 level Monday morning, sparking a surge in the broader cryptocurrency market before pulling back.
