Difference In SEC Charges Against Coinbase And Binance
US SEC accused Coinbase of operating as an unregistered broker, exchange, and clearing agency. However, it appears that the US based exchange is being given soft treatment when compared to the Binance lawsuit. Meanwhile, the Bitcoin price suffered significantly due to the back to back lawsuits against the top two crypto exchanges in crypto market. advertisement Also Read: Binance Used FTX-Like Web Of Firms To Dodge Regulations, US SEC Lawsuit Reveals Coinbase CEO Brian Armstrong Saved From Lawsuit A key difference between the lawsuits against Coinbase and Binance lies in Changpeng Zhao’s naming as against the lack of Brian Armstrong’s name in the Coinbase SEC lawsuit. Coinbase has been accused of operating as an unregistered broker since 2019, soliciting potential investors, handling customer funds and assets, without securing the relevant registration. Whereas the SEC sued Binance as well as CZ for violating US securities laws, filing 13 ch...