In summary, the SEC has taken legal action against Coinbase, alleging that the company operated as an unregistered securities exchange, broker, and clearing agency. Coinbase’s failure to register has been deemed detrimental to investors, depriving them of necessary protections. The regulatory scrutiny faced by Coinbase extends to both the federal and state levels, reflecting the increasing focus on cryptocurrency regulations and the need for adherence to applicable laws and guidelines.
SEC Sues Coinbase for Unregistered Brokerage Activities
Coinbase Faces SEC Lawsuit for Alleged Violation of Securities Laws
