Coinbase Stock Dives As SEC Crypto Crackdown Widens. Binance Goes On Defensive.

Posted on AllSides June 6th, 2023
From The Right

COIN stock dove early Tuesday after Securities and Exchange Commission widened its crackdown vs. top cryptocurrency exchanges to include a lawsuit against Coinbase. The filing follows the 13 charges the SEC levied on Monday against Binance and co-founder Zhao for alleged rules violations. Meanwhile, Binance and Zhao turned to play defense. The SEC complaint charges that Coinbase (COIN) operated as an unregistered securities exchange, broker and clearing agency since at least 2019. The regulator also claims Coinbase never registered its staking-as-a-service program as required by law. The staking-as-a-service-program allows customers...

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