Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: SEC Intensify Crackdown on Crypto Industry: Lawsuits Against Coinbase and Binance
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Coinbase lawsuit, Binance lawsuit, cryptocurrency regulation, SEC crackdown on crypto, future of crypto market regulation
PhotoNews Pakistan > Tech > SEC Intensify Crackdown on Crypto Industry: Lawsuits Against Coinbase and Binance
TechTop News

SEC Intensify Crackdown on Crypto Industry: Lawsuits Against Coinbase and Binance

Web Desk
By Web Desk Published June 7, 2023 3 Min Read
Share
Photo: CrytoState
SHARE

U.S. regulatory authorities have intensified their clampdown on the crypto industry, taking legal action against two prominent players in successive days.

The Securities and Exchange Commission (SEC) has launched a lawsuit against Coinbase, a premier cryptocurrency platform, charging it with functioning as an unauthorized securities exchange and sidestepping regulations meant to safeguard investors. This comes on the heels of the SEC’s legal action against Binance, the world’s biggest crypto exchange, over several purported violations of securities laws.

If these lawsuits prove victorious, they could instigate considerable regulatory shifts in the crypto market, with the SEC asserting its dominance over cryptocurrencies that have long resisted classification as securities. Coinbase has already encountered the repercussions, experiencing notable customer withdrawals and a drop in its share value.

These actions by the SEC form part of a wider campaign to apply federal securities laws to cryptocurrencies. The regulatory body argues that tokens are securities and fall within its purview. This stance contrasts with the crypto industry’s position that tokens don’t fit the securities definition and shouldn’t fall under SEC regulation.

The lawsuits filed by the SEC against Coinbase and Binance showcase its increasingly assertive approach and commitment to ensuring industry compliance.

Accused of generating billions of dollars through facilitating unregistered trading of crypto asset securities, Coinbase, which boasts over 108 million customers, allegedly conducted trades without the required disclosure obligations to protect investors. The SEC is seeking civil penalties, recoupment of unlawful profits, and an injunction as part of the lawsuit.

Coinbase and other crypto firms claim that the SEC’s regulations are unclear and that the agency is exceeding its boundaries by attempting to regulate the sector. Nevertheless, in response to regulatory scrutiny, many firms have begun improving compliance and expanding their operations beyond the U.S. The lawsuit outcomes will greatly impact the crypto market, as a ruling favoring the SEC could reshape the industry and subject it to tighter regulations.

In summary, the SEC’s actions against Coinbase and Binance mark a crucial development in the ongoing confrontation between regulators and the crypto sector. The lawsuits underscore the growing regulatory scrutiny of crypto platforms and the potential for a pivotal shift in the crypto market’s regulatory landscape.

TAGGED:Crypto CurrencyFeatured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

LeBron James orange purse Controversy

LeBron James Faces Fan Backlash Over Orange Purse in France

Shreyas Iyer’s Home Cricket Video with Mom

Shreyas Iyer’s Mother Clean Bowled Son in Home Cricket Session

Musk Trump Bill

Elon Musk Threatens Lawmakers Supporting Trump’s Big Beautiful Bill

Cardi B Most Solo Top 10 Hot 100

Cardi B Sets Record as Female Rapper with Most Solo Top 10 Hot 100 Debuts

Fluminense Inter Milan Club World Cup 2025

Fluminense Stuns Inter Milan 2-0 to Reach Club World Cup 2025 Quarter-Finals

Post Archives

More Popular from Photonews

Sri Lanka Bangladesh Test 2025
Sports

Sri Lanka Crushes Bangladesh by Innings and 78 Runs in Colombo Test

3 Min Read
Pakistan Earthquake 2025
Pakistan

Pakistan Hit by Third Earthquake in 24 Hours: Magnitude 3.8 Reported

2 Min Read
Pakistan UAE MoUs
Pakistan

Pakistan and UAE Sign MoUs to Boost Visa-Free Travel, AI, and Investments

2 Min Read
Entertainment

Marvel’s The Fantastic Four: First Steps Trailer Reveals Galactus, Sparks Doom Rumors

Marvel Studios unveiled the final trailer for The Fantastic Four: First Steps on June 26, 2025,…

June 26, 2025
Business

PSX KSE-100 Drops 715 Points as Profit-Taking Halts Rally

The Pakistan Stock Exchange (PSX) faced selling pressure on June 26, 2025, ending a two-day rally.…

June 26, 2025
Business

PSX KSE-100 Surges 1,581 Points as Budget Approval Boosts Sentiment

On June 27, 2025, the Pakistan Stock Exchange (PSX) showcased a robust performance, with the KSE-100…

June 27, 2025
Entertainment

Orlando Bloom Sparks Buzz with Kim Kardashian Greeting at Venice Wedding

On June 26, 2025, Orlando Bloom, recently single after his split from Katy Perry, ignited social…

June 27, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?