SEC continues crusade against crypto with Coinbase charges
By 
Jeff Dale2023-06-06T17:44:00
The Securities and Exchange Commission (SEC) continued its crackdown on the digital asset industry Tuesday, charging cryptocurrency exchange Coinbase with violating federal securities laws.
The allegations against Coinbase, which are largely similar to charges levied against Binance by the SEC on Monday, include operating an unregistered securities exchange, broker, and clearing agency and the unregistered offer and sale of securities in connection with a staking-as-a-service program, the SEC said in a press release.
The agency is seeking injunctive relief, disgorgement of ill-gotten gains plus interest, penalties, and other equitable relief as part of its litigation.
Related articles
-
News BriefSEC shoots down Coinbase petition for crypto rulemaking
The Securities and Exchange Commission denied a petition filed on behalf of cryptocurrency exchange platform Coinbase that called for the creation of a new regulatory framework for crypto asset securities.
-
PremiumExperts: XRP ruling offers little clarity on crypto regulation
A judge’s ruling the token XRP does not intrinsically possess the characteristics of a security that must be registered with the Securities and Exchange Commission has not cleared the uncertainty that remains around the regulation of digital assets, according to experts.
-
News BriefSEC charges Binance, founder in latest crypto crackdown
The Securities and Exchange Commission charged Binance Holdings, its U.S.-based affiliate BAM Trading Services, and their founder Changpeng Zhao with a series of securities law violations, including operating unregistered exchanges.
More from Regulatory Enforcement
-
ArticleFlorida seafood exec faces 10 years for crab claw price fixing
A Florida seafood company executive has pleaded guilty to conspiring with competitors to fix the prices he paid to local fishers, an effort that impacted more than $8 million in wholesale fish and cut the pay of hundreds of fishermen, the Department of Justice said.
-
ArticleFormer U.S. clothing business CEO faces 25 years for bribery in Honduras
The former CEO of a Georgia clothing business faces 25 years in prison for bribing Honduran officials to win $10 million in uniform contracts in Honduras, after being caught up in a Department of Justice Anticorruption Task Force.
-
News BriefDOJ sues Uber over alleged discrimination against disabled riders
The DOJ sued Uber Thursday, alleging it violated the Americans with Disabilities Act (ADA) by denying people with disabilities equal access to its services.