SEC sues Coinbase for breaking US securities guidelines

America Securities and Trade Fee (SEC) has filed a lawsuit in opposition to New York-based crypto alternate Coinbase (NASDAQ:) for providing unregistered securities.

The SEC lawsuit alleges that Coinbase has by no means registered as a dealer, nationwide securities alternate or clearing company, evading the disclosure scheme for securities markets. The SEC alleges that a number of tokens provided by the crypto alternate, together with (SOL), (ADA), Polygon (MATIC), (FIL), The Sandbox (SAND), (AXS), Chiliz (CHZ), Circulate (FLOW), Web Laptop (ICP), Close to (NEAR), Voyager Token (VGX), (DASH) and Nexo (NEXO) qualify as securities.

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