US regulators are suing Coinbase, one of the world’s leading crypto brokers and exchanges, just a day after announcing action against fellow crypto giant Binance. The filing by the US Securities and Exchange Commission (SEC) in a Manhattan court accuses Coinbase of operating as an unlicensed broker since 2019.
Per a Reuters report, the SEC claims Coinbase has ‘deprived investors of disclosures and protections that come from registration, exposing them to significant risk.’ The SEC also says Coinbase’s staking program…Bitcoin Sinks As Crypto Companies Grapple With SEC Lawsuits
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