He sued Coinbase on the grounds that Coinbase was an unregistered broker.
In the middle of the intense agenda between Binance and SEC, another news that had a bomb effect fell. The SEC sued Coinbase. The US regulator claimed that Coinbase was an unregistered broker.
SEC Targets Coinbase
After Binance, the US Securities and Exchange Commission (SEC) also targeted Coinbase.
In the announcement from the SEC, the following statement was included;
Coinbase has never registered with the SEC as a broker, national stock exchange or exchange.
The regulatory body stated that Coinbase did not create any recording environment in its brokerage transactions and earned billions of dollars from these processes. The SEC underlined that Coinbase has been challenging the regulatory structure for years and is constantly evading the record.
The SEC, which started litigation processes against Binance the other day, targeted Coinbase today. Previously, many analysts stated that the lawsuit against Binance could also bounce off Coinbase.
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