- The SEC’s lawsuits against Coinbase and Binance are a big deal.
- It’s alleging that the exchanges are operating illegally and have broken securities rules.
- Experts say that the action could be a threat to how these firms do business in the US.
It’s a watershed week for the cryptocurrency industry, but not in the way that the market has been used to over the last decade of unfettered growth and bold claims of creating the future of money.
The Securities and Exchange Commission unveiled its lawsuit against Binance and CEO Changpeng Zhao on Monday. On Tuesday, it followed up with a suit against Coinbase, the largest cryptocurrency exchange in the US and a publicly traded company.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased