NEW YORK: In their second major action against a big crypto player in two days, United States regulators sued Coinbase on Tuesday, alleging its failure to register as a securities exchange venue exposed investors to risk.
The Securities and Exchange Commission (SEC) charged that the largest digital currency trading platform in the United States had made billions of dollars by “unlawfully facilitating the buying and selling of crypto asset securities.”
Shares of Coinbase tumbled on news of the lawsuit, which comes on the heels of charges unveiled Monday against cryptocurrency exchange Binance and founder…
