The U.S. Securities and Trade Fee (SEC) lawsuit It sued New York-based crypto change Coinbase (NASDAQ:) for offering unregistered securities.
The SEC lawsuit alleges that Coinbase has by no means registered as a dealer, nationwide inventory change or clearing home, and that it has evaded securities market disclosure regimes. The SEC has quite a few tokens provided by cryptocurrency exchanges (Sol), (ADA), polygon (matic), (fill),sandbox (sand), (AXS), Chillies (CHZ), Move (FLOW), Web Pc (ICP), shortly (shortly), Voyager Tokens (VGX), (sprint) and Nexo (Nex) qualify as securities.
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