The 3 Takeaways From the Lawsuit Between the SEC and Coinbase

📆 6/7/2023 10:26 AM
📰 Crypto_Potato

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⚠️ binance and coinbase are being sued by the SEC! However, there are some key differences between the two lawsuits. Check our comparison here -

against Coinbase was for serving functions of a broker, national securities exchange, or clearing agency, and yet neglecting to register as any such business.

The filing also accused Coinbase of listing a plethora of “crypto-asset securities” on its platform and The agency had already targeted the “BNB Vault,” “Simple Earn,” and “staking” schemes available through Binance US on Monday. State-level securities regulators also beganDifferent Punishments

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Coinbase, Robinhood, CFTC to testify in Congress over draft crypto billKey execs from crypto firms Coinbase and Robinhood, along with the U.S. commodities regulator are set to testify before Congress to discuss a newly proposed crypto bill. The moves appear to align with coinbase’s long-running push for more precise regulatory guidelines for the crypto sector and would come just a day after rival crypto exchange binance was slapped with 13 charges by the U.S. SECGov.
Source: Cointelegraph - 🏆 562. / 51 Read more »