Digital asset exchange Coinbase finds itself in hot water as the Securities and Exchange Commission (SEC) pushes forward with its lawsuit against the company for allegedly engaging in unregistered securities sales. Here’s a breakdown of the situation.

Coinbase SEC Lawsuit Background

Digital assets, often touted for their decentralized nature, are facing increased scrutiny from regulatory bodies like the SEC. The SEC has long sought to bring “cryptocurrencies” under its regulatory umbrella, and its latest move involves taking legal action against Coinbase, one of the largest exchanges in the United States.

The SEC is currently prosecuting Binance, another major digital asset exchange,…

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