SUITS AGAINST EXCHANGES IDENTIFY MORE THAN A DOZEN OF CRYPTO TOKENS AS SECURITIES As with Binance on Monday, the SEC complained that Coinbase, the largest crypto exchange in the U.S., had failed to register as a securities exchange, broker and clearing house as required by law. In both cases, the complaints cited more than a dozen major coins as assets that fall under its purview. Among them are leading tokens such as Binance’s bnb, Cardano’s ada, sol on the Solana blockchain and Polygon’s matic. “Instead of publishing a clear rule book, the SEC has taken a regulation by enforcement approach that is harming America. So if we need to avail ourselves of the courts to get clarity, so be it,” Coinbase CEO Brian Armstrong responded in a Twitter post on Tuesday. |