SEC's Action Against Coinbase Signals Legal Uncertainty for Crypto Industry
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.