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The Guardian - UK

Technology

Jonathan Yerushalmy and Alex Hern

REVEALED: Sec crypto crackdown us regulator sues binance and coinbase | Vintage Vibes

Binance SEC Crypto Coinbase United States Changpeng Zhao Binancecom Commission Rishi Sunak Sam Bankman-Fried

Binance and Coinbase logos — The SEC is suing the major cryptocurrency exchanges Binance and Coinbase. Photograph: Justin Sullivan/Getty Images

On Monday, after months of discussions, threats and warnings, the US Securities and Exchange Commission (SEC) took aim at the most powerful force in the world of cryptocurrencies.

The US financial watchdog accused the crypto exchange Binance and its founder Changpeng Zhao of operating a “web of deception,” charging him and his exchange with 13 offences.

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