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The Guardian - UK
The Guardian - UK
Technology
Alex Hern

SEC accuses Coinbase cryptocurrency exchange of breaking US regulations

The Coinbase logo
The SEC argues that the crypto tokens that Coinbase trades are in fact securities. Photograph: Dado Ruvić/Reuters

The US Securities and Exchange Commission has sued Coinbase, the largest American cryptocurrency exchange, for operating as an “unregistered broker, exchange and clearing agency” in violation of US securities regulations.

The lawsuit follows a similar action against Binance, the world’s largest cryptocurrency exchange, launched by the regulator on Monday.

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