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SEC sues Coinbase, alleges multiple securities law violations SEC sues Coinbase, alleges multiple securities law violations Jacob Oliver · 2 years ago · 1 min read
News ▸ Regulation

SEC sues Coinbase, alleges multiple securities law violations

The regulator has come for Coinbase a day after filing suit against Binance.

Jacob Oliver
Jun. 6, 2023 at 1:28 pm UTC
1 min read
Updated: Jun. 6, 2023 at 3:37 pm UTC
SEC sues Coinbase, alleges multiple securities law violations

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

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The U.S. Securities and Exchange Commission (SEC) is suing Coinbase, America’s biggest cryptocurrency exchange, for allegedly breaching securities laws.

The SEC claims Coinbase operated as an unregistered broker, exchange, and clearing agency and offered unregistered securities via its Staking Program. Coinbase’s actions, according to the SEC, exposed investors to significant risk, prioritizing profit over investor interests and legal compliance

This lawsuit comes a day after the SEC filed similar charges against Binance for similar securities laws violations.

This is a breaking story.

Mentioned in this article
Coinbase
Posted In: Exchanges, Featured, Legal, Regulation
Author

Jacob Oliver

Former Editor at CryptoSlate

Jacob Oliver is a recovering academic and English teacher turned crypto journalist and web3 writer. He holds a Ph.D. from the University of Washington.

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Liam 'Akiba' Wright

Editor-in-Chief at CryptoSlate

Also known as "Akiba," Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that decentralized technology has the potential to make widespread positive change.

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Coinbase

Exchange Company in North America

Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.

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