HomeUS crypto crackdown heats up as watchdog sues Coinbase for breaching securities...

US crypto crackdown heats up as watchdog sues Coinbase for breaching securities legal guidelines

U

S monetary watchdog the SEC continues to crack down on the crypto sector, accusing exchange Coinbase of breaching securities legal guidelines only a day after suing its rival Binance.

In a submitting with a federal court in New York, the SEC sued the trade for breaching securities legal guidelines. It mentioned Coinbase – the largest crypto trade within the US – has taken on the position of a broker, trade and clearing home, regardless of failing to register for permission for any of those roles.

Content Source: www.commonplace.co.uk

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