SEC charges Binance and Coinbase
World’s largest crypto exchanges accused of illegal operations at expense of investors
On June 6, the US Securities and Exchange Commission (SEC) sued Coinbase, the largest crypto exchange in the US. The action came one day after it charged Binance, the largest crypto exchange in the world, with conducting illegal crypto operations.
“Since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities,” the SEC said. Coinbase was accused of operating an unregistered exchange, broker and clearing agency.
The SEC
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