Coinbase — which offers over 200 tokens on its platform — was sued by the SEC early last month for allegedly violating securities laws and facilitating unregistered trading in 12 digital tokens that were deemed securities.
The SEC said it did not make formal requests for the exchange to delist crypto assets, according to the report. "In other words, Coinbase adopted the very legal framework as a basis for making listing decisions that it now claims has no applicability to its activities," they added.Binance, the world’s largest crypto exchange, and its founder Changpeng Zhao over several alleged violations of the country's securities laws.
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