Coinbase Crashes After SEC Sues Crypto Exchange

Coinbase Crashes After SEC Sues Crypto Exchange A day after the SEC sued Binance - the world's largest crypto exchange - Bloomberg reports that Gensler and his anti-crypto goons have now sued Coinbase in federal court in New York on Tuesday, alleging the crypto firm broke US securities rules, claiming the exchange is acting as an unregistered broker. “We allege that Coinbase, despite being subject to the securities laws, commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions,” Gensler said in a statement. "Coinbase's alleged failures deprive investors of critical...