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US SEC sues Coinbase over failure to register

By Reuters
Coinbase
FILE PHOTO: A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday sued Coinbase (NASDAQ:COIN) Inc, the largest U.S. crypto asset trading platform, accusing it of illegally operating without having first registered with the regulator.

The lawsuit was filed in Manhattan federal court, one day after the SEC sued Binance, the world’s largest cryptocurrency exchange, and its founder Changpeng Zhao.

Reuters
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