The US stock exchange supervision SEC submits a lawsuit against Coinbase a day after the lawsuit against Binance

Von Krypto News Österreich

Just one day after the collection of a number of charges against Binance, the US stock exchange supervisory authority Securities and Exchange Commission (SEC) submitted a 101-page lawsuit against Coinbase-America's largest cryptocurrency exchange.

  • similar to binance The agency Style = "Font-Weight: 400"> that Coinbase failed to register as a broker, national securities exchange or clearing point, even though it fulfills the functions of all three.
  • It also accused of having violated securities laws by providing assets for trading on its stock exchange, which had passed the Howey test-even though it had been given "lip service" as a desire for legal compliance.
  • The agency included large-scale-capitalized crypto-assets such as Sol, Ada and Matic.
  • "Coinbase has been interested in increasing his profits on the interests of investors and about compliance with the laws and regulatory framework, which regulates the securities markets," explained the Commission.
  • In addition, the SEC said that Coinbase had failed to register its staking-as-a-service product, which means that "investors were withheld significant information about the program". Coinbase had already expected such a lawsuit months ago, but stood at his claim that postponement products were not securities.
  • For relief, the SEC wants Coinbase to "publish its illegally acquired profits." Pay pre-default interest. "

.