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SEC Sues US-Based Crypto Exchange Coinbase

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By 247patrick Published
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SEC Sues US-Based Crypto Exchange Coinbase

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The US Securities and Exchange Commission (SEC) filed a lawsuit against US-based cryptocurrency exchange Coinbase today.

The lawsuit alleges that Coinbase, the largest cryptocurrency exchange in the US, had never registered with the SEC as a broker, among other charges.

Yesterday, the financial watchdog filed a lawsuit against the largest global exchange, Binance, and its CEO.

Some claim the SEC’s actions as an attack on the entire cryptocurrency industry.

This article originally appeared on The Tokenist

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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