SEC Targets Coinbase and Crypto Asset Securities in Legal Action
TL;DR
The US Securities and Exchange Commission (SEC) has issued a bulletin warning investors about the risks of investing in crypto asset securities, citing their volatility and lack of investor protections. The SEC also highlighted the need for platforms offering lending or staking services in crypto assets to comply with federal securities laws. The bulletin comes as the SEC is at odds with Coinbase, one of the largest crypto exchanges, over its business practices.
- SEC Issues Warning Against Investing in Crypto Asset Securities CryptoPotato
- Crypto Faces Legal Reckoning as SEC Prepares Action Against Coinbase The Wall Street Journal
- Analysis: Coinbase, SEC on collision course for 'existential' clash over crypto industry Reuters
- The SEC Is Coming for Coinbase - Bloomberg Bloomberg
- SEC puts Coinbase on notice and other TC news TechCrunch
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