US steps up crypto crackdown with Coinbase suit
Coinbase is the largest crypto trading platform in the United States with US$80 billion in assets. – AFP, June 7, 2023.
IN their second major action against a big crypto player in two days, US regulators sued Coinbase yesterday, alleging its failure to register as a securities exchange venue exposed investors to risk. The Securities and Exchange Commission charged that the largest digital currency trading platform in the United States had made billions of dollars by “unlawfully facilitating the buying and selling of crypto asset securities.”
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