US crackdown on Coinbase, Binance puts crypto exchanges on notice

US crackdown on Coinbase, Binance puts crypto exchanges on notice

A smartphone with displayed Binance and Coinbase logos and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration

Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the world’s largest crypto exchanges, for allegedly breaching its rules.

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