The Securities and Exchange Commission sued Coinbase Global Inc. in federal court on Tuesday, alleging the crypto firm for years broke its rules and evaded regulations by letting users trade numerous crypto tokens that were actually unregistered securities.
Bloomberg
Bloomberg
Bloomberg.com
SEC’s Coinbase Lawsuit Heralds Deepening US Crypto Crackdown
The Securities and Exchange Commission widened its sweeping crackdown on crypto by accusing Coinbase Global Inc. of running an illegal exchange, a move that could make it harder for the industry to operate and for US citizens to trade.