Crypto stocks fall after US SEC sues Coinbase over failure to register

Crypto stocks fall after US SEC sues Coinbase over failure to registerCredit: Indiatimes

Indiatimes

4 months ago

Shares of cryptocurrency and blockchain-related companies fell before the opening bell on Tuesday after the US Securities and Exchange Commission sued Coinbase and Binance, accusing them of operating illegally.

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The US Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, one of the world's largest cryptocurrency exchanges, over its alleged failure to register as a national securities exchange. According to the SEC, Coinbase had been operating an online trading platform for digital assets that constitutes an unregistered national securities exchange since 2015. Coinbase has been given the opportunity to respond to the complaint and the lawsuit has the potential to have far-reaching implications for the entire cryptocurrency industry.

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