The US Securities and Exchange Commission (SEC) has sued the crypto exchange Coinbase for acting as an unregistered broker.
According to a community-run news aggregator, “Tree News,” the SEC has filed a lawsuit against Coinbase in the New York Federal Court. Tree News wrote on Twitter:
“COINBASE ACTING AS UNREGISTERED BROKER, SEC CLAIMS”
Yesterday, the SEC launched a lawsuit against another crypto exchange Binance. It alleged that Binance operated an unregistered trading entity and misdirected investors’ funds.
This is a breaking news story.
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