- The day before, the Commission filed a lawsuit against Binance
- The agency called several more tokens securities
- The company’s stock plunged more than 15%
The US Securities and Exchange Commission has sued the cryptocurrency exchange Coinbase in federal court in New York. Just as in the Binance situation, the SEC accuses Coinbase of violating securities laws.
And just as in yesterday’s lawsuit, the Commission released another list of tokens that have been recognized as securities, among them: SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH i NEXO.
In a statement, the SEC writes:
“Coinbase has never registered with the SEC as a broker, national securities exchange or clearing agency. Thus, Coinbase is evading the disclosure regime that Congress has established for securities markets. In doing so, Coinbase generates billions of dollars in revenue, particularly through transaction fees from investors whom Coinbase has deprived of the disclosure and protection that registration entails.”
The statement said that the defendants are Coinbase, Inc.. and Coinbase Global, Inc. but no mention was made of founder and CEO Brian Armstrong or any other executive.