The U.S. Securities and Exchange Commission SEC is investigating Coinbase for allegedly allowing the trading of several coins that should be listed as securities.
According to a Bloomberg report, the SEC has bought Coinbase. securities a few coins that need to be registered as to trading for improperly allowing looking for.
Coinbase, of a former employee and his two partners last week digital fraud became the center of attention of the regulator after his alleged arrest. SEC, Coinbase ex Product Manager Ishan Wahi and the other two insider trading sued for what they did. However, according to the news, for Coinbase sanction chargefrom the information fraud investigation dates back to earlier. Coinbase about a possible enforcement investigation refused to comment.
The debate over which cryptocurrencies should be regulated as securities has been going on for years. Last week information abuse As part of its lawsuit, the SEC seven are listed on Coinbase in total nine cryptocurrency securities had named it.
In a July 21 blog post, Coinbase General Counsel Paul Grewal said before Coinbase listed any digital assets. The SEC also reviewed He stated that they went through a rigorous process and added:Instead of having a dialogue with us about the seven entities, the SEC direct litigation choosed.”
SEC Chairman Gary Gensler has long argued that many cryptocurrencies are actually unregistered securities It argued that it was a coincidence, but more from the industry and the other regulator, the Commodity Futures Trading Commission (CFCT). partnership one who calls with a reaction faced.