These past 12 months haven't been very good for cryptocurrency. These past two days have sex position demonstration videobeen especially rough for cryptocurrency exchanges operating in the U.S.
On Tuesday, the U.S. Securities and Exchange Commission announcedthat it was suing the U.S.'s largest cryptocurrency exchange, Coinbase, in federal court. The SEC alleges that Coinbase was selling unregistered securities, violating securities laws. The SEC lawsuit against Coinbase comes just one day after the SEC also filed a similar suit against the world's largest cryptocurrency exchange, Binance.
"Since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities," reads the SEC press release regarding the lawsuit against Coinbase.
The SEC lawsuit covers Coinbase's exchange, which it alleges sold unregistered securities, as well as Coinbase's staking-as-a-service program, which rewards users for holding their cryptocurrency with the company.
In addition to the federal lawsuit from the SEC, additional actionhas been taken against Coinbase as well at the state level. A "multi-state task force of ten state securities regulators" are ordering Coinbase to prove why the crypto exchange should continuing operating over the next 28 days or cease and desist operations. The task force, which worked with the SEC, was "led by California" and included Alabama, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington, and Wisconsin.
The SEC is alleging both Binance and Coinbase broke securities laws around unregistered securities. However, there are some pretty significant differences between the two cases.
In addition to the securities allegations, SEC is also allegingBinance and its CEO Changpeng Zhao aka "CZ" engaged in market manipulation and fraud. Unlike in the Binance case, the SEC has not included Coinbase CEO Brian Armstrong in its lawsuit.
According to the suit, Binance and CZ "defrauded equity, retail, and institutional investors" with "manipulative trading" on the Binance.US platform, "which were in fact virtually non-existent." The lawsuit also claims that CZ's trading firm, Sigma Chain, inflated trading volumes on Binance.US through "wash trading," which is basically when the same entity sells and buys the same crypto token or other financial asset in order to falsely prop up market activity.
Regulators in the U.S. have had a renewed interest in the crypto industry after last year's market collapse after the failure of stablecoin Terraand its sister crypto token Luna, followed by the implosion of numerous crypto lendersand the fraudulent FTXcrypto exchange.
Topics Cryptocurrency
Finest scrape by Eternal Fire to win Pinnacle Cup IV
Unsettling timelapse shows wildfire smoke turning NYC orange
Cable companies sue to block click
NASA Mars rover just found evidence of a once roaring Martian river
Poll: American Opinion Has Changed Since WWII About Incarceration of JAs
NYT Strands hints, answers for October 27
How to add Snapchat camera to iPhone lock screen
Surprise! Uranus has rings in new Webb image
ZywOo discounted for EPL Group C Fantasy; CCT South Europe S3 game about to start
James Webb telescope offers new look at supernova remnant Cassiopeia A
Heroic take down MOUZ to qualify for IEM Cologne's group stage
The Best Gaming GIFs of 2012
The plan to build a telescope the size of Washington, D.C., on the moon
How Has Windows Search Improved Since Win2k? Hint: It Hasn't!
‘Marvels & Monsters’ Explores Images of Asians in Comic Books
NASA's black hole animation is jaw
James Webb telescope offers new look at supernova remnant Cassiopeia A
Do Video Games Make You Violent? An In
fnatic Rising claim WePlay Academy League Season 5 title
Falcons vs. Buccaneers 2024 livestream: How to watch NFL for free
'The Quarry' director interview: Will Byles on finding new ways to press play on horrorMost streamed TV shows of the week prove the Force is strong with 'ObiApple WWDC 2022: New MacBook Air is the first to feature new M2 chip:TikTok introduces Avatars, its answer to MemojiSeth Green paid nearly $300,000 to get his stolen Bored Ape backApple WWDC 2022: Apple's unveils iPadOS 164 things we want to fix about 'Stranger Things 4'How 'Everything Everywhere All at Once' is a love letter to moms...and the internetThe 10 best Google Chrome extensions to make your life easierU.S. shows need to learn how to shoot K TikTok recipes are a pain to follow, but a joy to watch FrolicMe's glossy videos are actual 'porn for women' The 17 best tweets this week featured Elon Musk, MJ, salmon, and more The unexpected joy of not knowing when your package will be delivered Watch Spike Lee's 3 Tom Hanks shares photo of his plasma donation for coronavirus research A toilet flush interrupted the livestream of the Supreme Court's oral argument Hinge rolls out in Alternative meat is having a moment. Real meat may be done sooner than you think. Trump says he's taking controversial COVID
0.144s , 14292.3828125 kb
Copyright © 2025 Powered by 【sex position demonstration video】SEC sues Coinbase, Binance crypto exchanges, alleging sale of unregistered securities,Global Hot Topic Analysis
