Topline
The Securities and Exchange Commission filed suit against cryptocurrency giant Coinbase on Tuesday, alleging the popular trading platform has been operating an unregistered broker since at least 2019.
Key Facts
In a statement Tuesday, the SEC said it has charged Coinbase with operating its crypto trading platform as an unregistered broker and for failing to register the offer and sale of its staking-as-a-service program, which allows investors to earn returns through the firm’s work in verifying and securing transactions on the blockchain.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased