SEC's Action Against Coinbase Signals Legal Uncertainty for Crypto Industry
TL;DR Summary
The Securities and Exchange Commission (SEC) plans to sue Coinbase for allegedly violating investor-protection laws, which could have significant consequences for both sides. The lawsuit against the largest US crypto exchange could determine the future of exchanging dollars for digital tokens such as bitcoin, ether, or polkadot. This move would be the SEC's most significant attempt to regulate an industry that Chair Gary Gensler has described as rife with noncompliance.
- Crypto Faces Legal Reckoning as SEC Prepares Action Against Coinbase The Wall Street Journal
- Analysis: Coinbase, SEC on collision course for 'existential' clash over crypto industry Reuters
- Coinbase CEO says SEC notice wasn't entirely unexpected CNBC Television
- The SEC Is Coming for Coinbase Bloomberg
- 'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules CNBC
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