Coinbase, the well-known cryptocurrency exchange, finds itself in hot water as the United States Securities and Exchange Commission (SEC) has recently taken legal action against the company. In a bold move, the SEC has filed a lawsuit against Coinbase, alleging that the exchange has been offering unregistered securities to its customers. According to the SEC’s lawsuit, Coinbase has failed to comply with the necessary registration as a broker, national securities exchange, or clearing agency, effectively evading the regulatory obligations aimed at safeguarding the integrity of the securities markets.
