The post SEC Sues Coinbase Exchange – Here’s Why appeared first on Coinpedia Fintech News

In a recent development, Coinbase, a prominent cryptocurrency exchange headquartered in California, has found itself in a surprising situation as the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against the company. The regulatory agency has levied allegations against Coinbase, claiming that it has been functioning as an unregistered broker, exchange, and clearing agency. This lawsuit has raised concerns regarding possible breaches of financial regulations by Coinbase.