• Tue. Feb 27th, 2024

SEC Sues Major US Crypto Platform Coinbase for Violating Securities Laws; Details here

SEC Sues Major US Crypto Platform Coinbase for Violating Securities Laws;  Details here

US-based leading cryptocurrency platform Coinbase Global Inc. The Securities and Exchange Commission (SEC) is suing in a federal court hearing Tuesday in New York. The crypto firm allegedly violated the regulator’s law by allowing users to trade several crypto tokens, which are unregistered securities.

US-based leading cryptocurrency platform Coinbase Global Inc. The Securities and Exchange Commission (SEC) is suing in a federal court hearing Tuesday in New York. The crypto firm allegedly violated the regulator’s law by allowing users to trade several crypto tokens, which are unregistered securities.

A spokesperson for Coinbase did not immediately respond to a request for comment, Bloomberg reported.

A spokesperson for Coinbase did not immediately respond to a request for comment, Bloomberg reported.

Also, according to a Bloomberg report, in July, Coinbase was under SEC investigation. On March 23, the company announced that it had received a warning from the regulator about a potential enforcement action in the SEC’s Binance Lawsuit Strikes at Heart of Ailing Crypto Sector notice.

Also, according to a Bloomberg report, in July, Coinbase was under SEC investigation. On March 23, the company announced that it had received a warning from the regulator about a potential enforcement action in the SEC’s Binance Lawsuit Strikes at Heart of Ailing Crypto Sector notice.

In federal court, the SEC accused Coinbase of using its “staking” service, which allows customers to exchange their crypto tokens to facilitate transactions on a blockchain — which then pays the customer a return. This is a violation of the SEC’s rule.

In federal court, the SEC accused Coinbase of using its “staking” service, which allows customers to exchange their crypto tokens to facilitate transactions on a blockchain — which then pays the customer a return. This is a violation of the SEC’s rule.

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