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Coinbase Becomes the Latest Target of SEC: Accused of Unregistered Brokerage and Securities Violations – Bitcoin News'We allege that Coinbase commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions,' SEC chair Gary Gensler said.
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US SEC sues Coinbase, one day after suing BinanceNEW YORK (Reuters) -The U.S. Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest U.S. cryptocurrency exchange of operating illegally without having first registered with the regulator. Tuesday's lawsuit came one day after the SEC sued Binance, the world's largest cryptocurrency exchange, and its founder Changpeng Zhao. Both cases are part of SEC Chair Gary Gensler's push to assert jurisdiction over crypto and offer better protection to investors who trade virtual currencies.
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