SEC Sues Coinbase—Alleges Crypto Trading Platform Operated As Unregistered Exchange Since 2019

📆 6/6/2023 3:35 PM
📰 Forbes

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The suit comes one day after regulators levied 13 charges against fellow exchange Binance.

The Securities and Exchange Commission filed suit against cryptocurrency giant Coinbase on Tuesday, alleging the popular trading platform has been operating an unregistered broker since at least 2019.Jamel Toppin/The Forbes Collection

Coinbase shares cratered more than 15% in pre-market trading immediately after the suit was unveiled.

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