TBA Law Blog


Posted by: Paul Burch on Jun 6, 2023

The U.S. Securities and Exchange Commission sued Coinbase on Tuesday accusing the U.S. cryptocurrency exchange of operating illegally because of its failure register with the regulator, reported Reuters. In a complaint filed in Manhattan federal court, the SEC said Coinbase has made billions of dollars handling cryptocurrency transactions while evading the disclosure requirements meant to protect investors. On Monday, the SEC filed suit against Binance and founder Changpeng Zhao. Both civil cases are part of SEC Chair Gary Gensler's push to assert jurisdiction over crypto markets.