Just in: SEC sues Coinbase for operating as an unregistered broker

Just in: SEC sues Coinbase for operating as an unregistered broker
фото показано с : invezz.com

2023-6-6 15:56

The United States SEC strikes the cryptocurrency market again, this time suing exchange Coinbase. That comes one day after the lawmakers filed a suit against Binance. The Securities & Exchange Commission alleges that Coinbase has operated as an unlicensed broker.

🚨 BREAKING: SEC sues Coinbase!!! https://t.co/uXLYMSvNz1

— Cryptofy Hub (@CryptofyHub) June 6, 2023 SEC attacks Coinbase

The Securities & Exchange Commission named Coinbase and its parent firm CGI as the suit’s defendants. The regulators stated that the Coinbase Platform has operated as an unlicensed trading company since 2019, soliciting investors, handling user assets and funds, and charging transaction fees.

The suit alleged that Coinbase served crypto investors as an unregistered exchange, offering a marketplace for sellers and buyers to trade cryptocurrencies. Moreover, the securities lawmaker added that Coinbase operated as an illegal clearing agency – holding user assets in their company-controlled wallets and completing client transactions by crediting and debiting applicable accounts.

Earlier today, invezz.com reported that Coinbase Legal Officer Paul Grewal was to testify before the Congress over the new cryptocurrency bill on June 6. Meanwhile, the SEC attacked the exchange before updates from the Capitol Building meeting.

Coinbase is yet to comment on SEC’s allegations.

THIS IS A DEVELOPING STORY

The post Just in: SEC sues Coinbase for operating as an unregistered broker appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

coinbase broker exchange sec suit filed lawmakers

coinbase broker → Результатов: 52


Regulators Approve Coinbase to Offer Custody Services in New York State

Coinbase has secured approval from New York state regulators to act “as a limited purpose trust company” in the state, a press release reveals. According to the release, the New York Department of Financial Services (DFS) has officially signed off on an application for the Coinbase Custody Trust Company, a subsidiary of Coinbase Global, Inc.

2018-10-24 00:55


Фото:

Coinbase Lures in the Big Boys, Might Start Offering Security Tokens Soon

Coinbase is still the reigning number one cryptocurrency exchange and broker in the US and won’t likely step down from that spot anytime soon. The San Francisco based firm has already shown some success in luring in institutional investors after onboarding a $20 billion hedge fund and has recently shown signs that it could soon […] Coinbase Lures in the Big Boys, Might Start Offering Security Tokens Soon was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-26 14:29


Coinbase Exchange Retracts SEC Approval Announcement, Claims It Never Needed Approval for Acquisitions

In an update to Monday’s story in which leading U.S. exchange, Coinbase Inc., claimed to have received SEC and FINRA approval to go forward with three acquisitions that would effectively allow the exchange to act as a broker dealer for digital coins deemed securities, the San Francisco-based company is now claiming that it received no… The post Coinbase Exchange Retracts SEC Approval Announcement, Claims It Never Needed Approval for Acquisitions appeared first on UNHASHED.

2018-7-19 21:26