The SEC is suing the largest US crypto exchange Coinbase
The largest American cryptocurrency exchange Coinbase has gone the way of Binance, having received a lawsuit from the US Securities and Exchange Commission (SEC). According to the lawsuit, Coinbase has been operating in the country since 2019 as an unregistered broker and trades in cryptocurrencies, which are securities. The authors of the lawsuit claim that Coinbase “has never registered as a broker, national securities exchange or clearing agency”, thereby avoiding disclosure of information to the…
