SEC Charges Binance and Coinbase, Scaramucci Weighs in on Future of Digital Assets, and Polygon (MATIC) Sees Movement.
TL;DR Summary
The Securities and Exchange Commission (SEC) has charged Coinbase for operating as an unregistered national securities exchange, broker, and clearing agency, as well as for failing to register the offer and sale of its crypto asset staking-as-a-service program. The SEC alleges that Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities since at least 2019. Coinbase's failure to register has deprived investors of significant protections, including inspection by the SEC, recordkeeping requirements, and safeguards against conflicts of interest, among others.
- SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency SEC.gov
- S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators The New York Times
- Anthony Scaramucci on Binance suit: 'This is about the future of digital assets in the U.S.' CNBC Television
- Here's Why Polygon (MATIC) Is Moving Benzinga
- Binance Users Pull $1.5B Amid Sweeping SEC Charges Blockworks
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