... [+]"The SEC setting precedent with Binance before going after Coinbase’s unregistered securities exchange makes a lot of sense," Cory Klippsten, the chief executive of bitcoin-buying app Swan Bitcoin, said via Telegram."Binance doesn’t have the massive U.S. investor base and DC lobbying arm that Coinbase has. There’s no constituency to argue for Binance here.
An SEC case against Coinbase has been expected since March when the exchange revealed it had received a so-called Wells notice signaling pending legal action from the agency.
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