On Tuesday, the Securities and Exchange Commission filed a landmark lawsuit against crypto exchange Coinbase, alleging the company violated securities law by operating as a broker, national securities exchange, and clearing agency without registering with the agency.
The SEC's case hinges in part on allegations that Coinbase sold 13 unregistered securities, including high-profile names like the Solana and Cardano blockchains. But one important name was not on the list: USDC.
