He sued Coinbase on the grounds that Coinbase was an unregistered broker.
BinanceAnd SECAnother news that had the effect of a bomb fell in the middle of the busy agenda. SEC sued Coinbase. US regulator, coinbaseof unregistered brokerageclaimed he did.
SEC Targets Coinbase
U.S. Securities and Exchange Commission ( SEC), after Binance, also targeted Coinbase.
In the announcement from the SEC, the following statement was included;
Coinbase has never registered with the SEC as a broker, national stock exchange or exchange.
The regulatory body stated that Coinbase did not create any recording environment in its brokerage transactions and earned billions of dollars from these processes. The SEC underlined that Coinbase has been challenging the regulatory structure for years and is constantly evading the record.
The SEC, which started litigation processes against Binance the other day, targeted Coinbase today. Previously, many analysts stated that the lawsuit against Binance could also bounce off Coinbase.
