The U.S. Securities and Exchange Commission (SEC) has accused Coinbase, America’s leading cryptocurrency exchange, of breaking securities laws. According to the SEC, Coinbase has been operating as an exchange, a broker, and a clearing agency without the requisite registration. The SEC also stated that Coinbase has been involved in offering and selling securities without properly registering these activities.
This event unfolded just a day after the SEC lodged accusations against Binance. The cryptocurrency exchange is alleged to have clandestinely funneled billions of dollars in customer assets to a distinct company under the control of its founder and CEO, Changpeng Zhao. The SEC’s allegations also include the operation of unregistered securities exchanges, broker-dealers, and clearing agencies. Additionally, Binance is accused of offering and selling crypto assets, including its Binance USD stablecoin, a digital currency tied to the value of the U.S. dollar, without the proper registrations.
BITCOIN is trying to rebound after yesterday selloff, finding some resiliency and support in are 25,450$.
