The United States Securities and Exchange Commission (SEC) has filed a lawsuit against New York-based crypto exchange Coinbase (NASDAQ:) for offering unregistered securities.
The SEC lawsuit alleges that Coinbase has never registered as a broker, national securities exchange or clearing agency, evading the disclosure scheme for securities markets. The SEC alleges that several tokens offered by the crypto exchange, including (SOL), (ADA), Polygon (MATIC), (FIL), The Sandbox (SAND), (AXS), Chiliz (CHZ), Flow (FLOW), Internet Computer (ICP), Near (NEAR), Voyager Token (VGX), (DASH) and Nexo (NEXO) qualify as securities.
Coinbase share price movement. Source: Google (NASDAQ:)
