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Analysis: US SEC crackdown on Coinbase, Binance puts crypto exchanges on notice

Posted on AllSides June 8th, 2023
From The Center
Banking and Finance, SEC, Coinbase, Binance, Cryptocurrency
REUTERS/Dado Ruvic/Illustration
ANALYSIS

Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the world's largest crypto exchanges, for allegedly breaching its rules.

The SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that are securities and which should have been registered, while on Monday it also accused Binance, the world's largest cryptocurrency exchange, of offering 12 cryptocurrency coins without registering them as securities.

The lawsuits expand the overall number of cryptocurrencies that the SEC has explicitly identified...

Read full story
https://www.reuters.com/business/finance/us-sec-coinbase-binance-crackdown-puts-crypto-exchanges-notice-2023-06-08/

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