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SEC Sues Coinbase For Acting as Unregistered Broker: Reports

Breaking SEC Sues Coinbase For Acting as Unregistered Broker: Reports

SEC claims that Coinbase is acting as an unregistered broker. Coinbase faces lawsuit in New York Federal Court. Binance also sued by SEC for being an unregistered trading entity

The US Securities and Exchange Commission (SEC) has sued the crypto exchange Coinbase for acting as an unregistered broker.

According to a community-run news aggregator, “Tree News,” the SEC has filed a lawsuit against Coinbase in the New York Federal Court. Tree News wrote on Twitter:

“COINBASE ACTING AS UNREGISTERED BROKER, SEC CLAIMS”

Yesterday, the SEC launched a lawsuit against another crypto exchange Binance. It alleged that Binance operated an unregistered trading entity and misdirected investors’ funds.

This is a breaking news story.

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In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.