SEC Wants Crypto Exchanges to Stop Trading Against Clients

Published by
The Street

By Tony Owusu Earlier this month the SEC nearly doubled the size of its crypto regulatory unit. Part of the draw of cryptocurrencies has been the anonymity the digital assets afford. But as bitcoin leads the market lower, that anonymity and lack of oversight may be coming to an end. Cryptocurency exchange platform Coinbase Global (COIN) made waves Tuesday night after the company filed a 10-Q with the U.S. Securities and Exchange. In it they said that their customers would be left out in the cold in the event of a bankruptcy. “Because custodially held crypto assets may be considered to be the p…

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