The US Securities and Exchange Commission (SEC) is suing Coinbase, America’s largest cryptocurrency exchange, for allegedly violating securities laws.
The SEC claims that Coinbase operated as an unregistered broker, exchange and clearing house and offered unregistered securities through its Staking program. Coinbase’s actions, according to the SEC, exposed investors to significant risk, prioritizing profit over investor interests and regulatory compliance
This lawsuit comes one day after the SEC filed similar charges against Binance alleging similar violations of securities laws.
This is a breaking story.
The SEC is suing Coinbase, alleging multiple securities law violations appeared first on CryptoSlate.