News Explorer — SEC Sues Coinbase Following Monday's Binance Suit

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Jun 6, 12:41 pm

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SEC Sues Coinbase Following Monday's Binance Suit

The SEC has filed a lawsuit against Coinbase, alleging that the crypto exchange failed to register as an exchange, clearing house, and broker, and offering unregistered securities via its staking service. The SEC also claims that Coinbase has been offering and selling investment contracts as securities. The agency is seeking to permanently restrain and enjoin Coinbase and Coinbase Global, Inc.

The SEC has filed a lawsuit against Coinbase, alleging that the crypto exchange failed to register as an exchange, clearing house, and broker, and offering unregistered securities via its staking service. The SEC also claims that Coinbase has been offering and selling investment contracts as securities. The agency is seeking to permanently restrain and enjoin Coinbase and Coinbase Global, Inc.

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