The United States Securities and Exchange Commission (SEC) has sued Coinbase, accusing the largest US cryptocurrency platform of operating illegally because it failed to register as an exchange.The lawsuit, filed on Tuesday, is the SEC’s second in two days against a major crypto exchange following its case against Binance, the world’s largest cryptocurrency exchange, and its founder, Changpeng Zhao.Both civil cases are part of SEC Chairman Gary Gensler’s push to assert jurisdiction over crypto markets, which he called a “wild West” of investing, and protect investors while shoring up their trust in capital markets.
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