Crypto Updates

SEC Files Lawsuit Against Coinbase Following Binance Lawsuit

Coinbase SEC

Following its case against Binance, the largest cryptocurrency exchange in the world, and its founder Changpeng Zhao, the SEC has now filed a lawsuit against a major cryptocurrency exchange for the second time in two days. The SEC Chair Gary Gensler’s push to assert jurisdiction over the crypto industry, which he once more referred to as a “Wild West” that has undermined investor trust in the U.S. capital markets, is reflected in these two civil cases. “The entire plan of action is based on a rebelliousness with the U.S. protection regulations and we’re requesting that they come into consistency,” Gensler

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