SEC Files Lawsuit Against Coinbase for Alleged Unregistered Broker Activity

The US Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Coinbase in the Federal court of New York. The SEC asserts that Coinbase has acted as an unregistered broker, and claims that several cryptocurrencies, including SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO, should be classified as securities in this lawsuit.