The U.S. Securities and Exchange Commission (SEC) sued #Coinbase on June 6, 2023, alleging that the #cryptocurrency exchange violated federal securities laws by listing 13 tokens it claimed were #securities. The SEC's lawsuit came a day after it filed a similar complaint against #binance, the world's largest #cryptoexchange.  In January, the SEC approved a raft of U.S. spot #bitcoin exchange-traded funds. Many of these #ETFs have partnered with Coinbase as their custody partner.

These U.S. #spotfunds have seen record flows since #launching in January. Collectively, they have brought in around $52 billion.
#Coinbase #cryptocurrency #securities