US charges Coinbase a day after suing crypto exchange Binance

📆 6/6/2023 5:58 PM
📰 trtworld

⏱ Reading Time:
26 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

The US Securities and Exchange Commission sues Coinbase Inc, the largest US crypto asset trading platform, one day after the regulator sued Binance and its US affiliate

The lawsuits fan concerns about the future of the crypto industry, which faces an uphill task of regaining favour among retail investors. / Photo: Reuters

In a complaint filed in Manhattan federal court on Tuesday, the SEC said Coinbase has since at least 2019 operated as an unregistered broker by handling cryptocurrency transactions, evading the disclosure requirements meant to protect investors. "Coinbase's alleged failures deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection," SEC Chair Gary Gensler tweeted.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Binance Out $790 Million As Investors Move Assets After SEC Lawsuit, Research Firm ReportsInvestors pulled out of the crypto giant at a record pace and its cryptocurrency stock plummeted following a lawsuit alleging regulatory violations.
Source: Forbes - 🏆 394. / 53 Read more »

Coinbase Shares Drop 10% Following SEC’s Suit Against BinanceShares of Coinbase ($COIN) fell 10% after news broke that the SEC was suing Binance for violating federal securities laws. HeleneBraunn reports
Source: CoinDesk - 🏆 291. / 63 Read more »