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The Independent UK
The Independent UK
National
Fatima Hussein

SEC lawsuits against cryptocurrency companies raise questions about industry's future

SEC Crypto United States NC Binance Gary Gensler Coinbase Janet Yellen Patrick McHenry Perianne Boring
Copyright 2023 The Associated Press. All rights reserved

First came the crypto winter, then the alleged fraud wrought by FTX founder Sam Bankman-Fried, and now the lawsuits.

The U.S. Securities and Exchange Commission filed lawsuits last week against the world's biggest cryptocurrency exchanges, Binance and Coinbase, deepening tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.

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