06 Jun 2023
SEC's cases against Binance and Coinbase explainedIn this piece, we summarize the overlap and differences between the two cases in the easiest possible fashion.
This week, the SEC sued the world's two largest crypto exchanges, Binance and Coinbase. It's easy to pool the two cases together, but the severity of the individual cases is wildly different. The accusations against Binance are for serious criminal actions, while the case against Coinbase is a matter of whether cryptocurrencies should be defined as securities or commodities.Coinbase