EchoWave
Sun Nov 24 2024
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6 answers
1216
Are Binance & Coinbase unregistered brokers?
The question arises whether Binance and Coinbase, two prominent cryptocurrency exchanges, are operating as unregistered brokers. This inquiry is prompted by recent legal actions taken by the US Securities and Exchange Commission (SEC) against both entities, alleging violations of securities laws. Specifically, the SEC claims that these exchanges have offered and sold unregistered securities, and have operated as unregistered exchanges and brokers, raising significant regulatory concerns in the crypto industry.
