Old Fights Between US SEC and Coinbase
Aug, 2023

Old Fights Between US SEC and Coinbase

The USE SEC has brought a large conflict with crypto exchanges, especially the large players, like Binance and Coinbase.


Indeed, they had proposed to Coinbase, the largest US company in the sector, to halt trading for every cryptocurrency except from Bitcoin.


Obviously, this wasn’t any formal legal force of action (as there is no legal framework for that) but a suggestion from SEC members, who are negatively positioned against cryptos.


Those conversations took place a month ago when Coinase, which is listed in NASDAQ, failed to register as a broker.


The further legal actions went on basis for not being capable of registering as a broker, an exchange and a clearinghouse on the same time, and SEC was not really happy about that triple fact.


We can be sure that the war will continue between crypto exchanges and the regulatory authorities….


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