SEC's Lawsuits Against Binance and Coinbase Shake Up Crypto Industry

Investor and Shark Tank star Kevin O’Leary says Coinbase needs a new CEO who is willing to make a deal with the SEC after the agency sued the cryptocurrency exchange for operating as an unregistered broker. O'Leary believes that finding a new CEO who will work with the SEC would provide Coinbase with a trillion dollars’ worth of assets for an allocation of just 3%. Meanwhile, Treasury Secretary Janet Yellen supports regulatory oversight of cryptocurrency to protect consumers and investors.