The U.S. Securities and Exchange Commission has focused its attention on Coinbase over its trading and staking operations
It seems like another day, another crypto exchange the U.S. Securities and Exchange Commission is set to go after.
This time on its radar is Coinbase.
The governing body has issued a ‘Wells Notice’ to the crypto exchange, relating to its core trading and staking operations.
The SEC argues that cryptocurrencies are securities, and need to be regulated like any product.
So, what’s going to be the likely fallout when everything is all said and done?
U.S. CEO of Banxa, Richard Mico, joined to discuss.
