The U.S. Securities and Exchange Commission (SEC) has sued Coinbase, the largest cryptocurrency exchange in the U.S., for violating securities laws.
of SEC claims Coinbase operated as an unregistered broker, exchange, and clearinghouse, offering unregistered securities through its staking program. According to the SEC, Coinbase’s actions put investors at significant risk and put profits ahead of investor interests and legal compliance.
The lawsuit comes a day after the SEC filed similar charges against Binance for similar securities law violations.
This is breaking news.
The article, in which the SEC sued Coinbase for multiple securities law violations, first appeared on CryptoSlate.
