Tag: legitimate crypto activity

Last week, the Securities and Exchange Commission filed 13 charges against Binance, the world’s largest crypto exchange, accusing it of mishandling customer funds and a litany of other white-collar crimes. It also charged Coinbase, a public company and the biggest U.S. crypto business, with failing to register as a broker-dealer.

The government actions did not move the price of bitcoin much, nor did they crater Coinbase stock; traders and investors had been expecting the enforcement actions for months.