Cryptocurrency Q&A
Are Binance & Coinbase unregistered brokers?
Are Binance & Coinbase unregistered brokers?
EchoWave
Sun Nov 24 2024
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6 answers
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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.
6 answers
PulseEclipse
Tue Nov 26 2024
The SEC has filed lawsuits against two prominent cryptocurrency exchanges, Binance and Coinbase.
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SsangyongSpirited
Tue Nov 26 2024
The lawsuits accuse both companies of violating regulatory requirements.
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Bianca
Tue Nov 26 2024
Specifically, the SEC alleges that Binance and Coinbase have been operating as unregistered brokers.
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CryptoAlchemist
Mon Nov 25 2024
This has sparked significant debate within the cryptocurrency community.
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CryptoPioneer
Mon Nov 25 2024
Many are concerned about the potential for Wall Street to gain too much influence over the crypto market.
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