Outspoken Dallas Mavericks owner and occasional crypto enthusiast Mark Cuban has taken to Twitter to express his concerns over the US Securities and Exchange Commission’s (SEC) handling of recent complaints against cryptocurrency exchanges, specifically Coinbase.
He warns that “no one trusts them.” But why not trust a branch of the US government that is designed to protect investors?
Mark Cuban Slams SEC Versus Coinbase
This week, the SEC filed a lawsuit against Coinbase, alleging the crypto exchange has been trading unregistered securities, violating U.S. securities laws since “at least 2019.”
The complaint also claims Coinbase has been operating as a broker, exchange, and clearing agency, a combination of functions that traditional financial platforms do not merge. Furthermore, the Commission states that Coinbase has violated US laws with several products, including Prime, Staking, and…
