As we can read on the pages of the American CNBC "On June 6, the U.S. Securities and Exchange Commission sued Coinbase, the second-largest crypto exchange by volume, according to CoinMarketCap.com. The federal regulator alleges Coinbase operated its crypto asset trading platform as an unregistered national securities exchange and broker, per the June 6 press release." After the lawsuit filed by the U.S. regulator SEC against Binance last week, the SEC has now taken aim at the crypto exchange Coinbase. The SEC accuses Coinbase of wrongly listing at least 13 crypto stocks listed on Coinbase.
Coinbase's legal representative denies any wrongdoing and stated that the assets highlighted by the SEC are not being removed from the Coinbase exchange.
Cryptocurrency owners are advised to withdraw their assets from Coinbase or Binance and secure them on a hardware wallet as a precaution.
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