SEC’s Crypto Pressure Is Increasing: Is This the Next Exchange?

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The US Securities and Exchange Commission (SEC) filed charges against Seattle-based Bittrex on Monday. Following this news, a former SEC official claimed that another major US stock exchange could face similar charges amid widespread regulatory pressure in the country. This stock market coinbase allegedly.

SEC Blames Famous Crypto Exchange And Adds: These Six Altcoin Securities!

Is Coinbase the next exchange?

The SEC has been dealing with many crypto-focused companies operating in the United States lately. This, cryptocurrency It took the form of suspending certain crypto services, such as products that generate returns and lending activities offered by trading platforms, as well as suing their exchanges.

Many experts criticized the SEC’s harsh interventions and recalled its failure to provide regulatory clarity on cryptocurrencies. John Reed Stark, a former SEC official, claims that Coinbase could be the next major crypto exchange to face the anti-crypto crackdown. did.

Koinfinans.com As we have reported, Coinbase publicly condemned the SEC’s recent actions. He urged regulators to create new regulations for cryptocurrencies instead of enforcing existing ones. The firm had previously stated that becoming SEC compliant would basically require it to cease all operations.

Gary Gensler has accused exchanges like Coinbase of selling assets he claims are securities since the end of 2021. Moreover, it required companies to follow SEC regulations by registering as stock exchanges and dividing all operations that could lead to further conflicts of interest.

Earlier last month, the regulator sent the firm a Wells Notice, announcing that it plans to sue the company for alleged violations of a number of investor protection laws.

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