![]() Despite these legal challenges, the trading volume on DEX has soared in the past two days. The SEC claims that Coinbase’s staking program violates the Securities Act. laws and regulatory oversight.Ĭoinbase, on the other hand, is facing allegations from the SEC of offering unregistered securities and acting as an unregistered securities broker. The SEC is concerned about the safety of customer assets and the defendants’ alleged disregard for U.S. The motion requests various actions, including freezing the assets of Binance.US and repatriating fiat and crypto held by U.S. District Court, seeking a temporary restraining order against Binance, Binance.US, and CEO Changpeng Zhao (CZ). The SEC has filed a motion in the District of Columbia U.S. Despite these legal challenges, trading volume in the crypto market has reached new heights. Meanwhile, Coinbase, one of the leading crypto platforms, has also been sued by the SEC for alleged securities law violations. Binance, the world’s largest crypto exchange, has been accused of mishandling funds and operating an unregistered securities exchange. Recently, the SEC has taken legal action against two major players in the crypto market. The SEC Cracks Down on Crypto Binance and Coinbase vs The SEC The crypto community remains innovative amid the SEC’s crackdown. Binance sees net outflows, but its resilience is evident with a stablecoin balance of over $8 billion.
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