The U.S. Securities and Exchange Commission (SEC) filed a complaint against crypto exchange Coinbase over allegedly trading unregistered securities. According to a document filed with the Southern District of New York, the regulator claims that the crypto company failed to register with the SEC.
Just yesterday, the regulator filed a similar complaint against the world’s largest crypto exchange Binance and its CEO, Changpeng “CZ” Zhao. Today’s action represents worsening conditions for crypto companies to operate in the United States.
SEC Intensifies War Against Coinbase And Crypto
In the document filed in U.S. Federal Court, the Commission claims that Coinbase operates as a broker, exchange, and clearing agency, unlike platforms in the legacy financial sector. In that sense, the regulator claims that…
