Politics

“Regulation by Enforcement”: What Does the SEC’s Crackdown on Cryptocurrency Exchanges Mean for the Industry?

Executive Summary  Introduction  On June 5-6, the Securities and Exchange Commission (SEC) filed charges against Binance, the world’s largest cryptocurrency exchange; Changpeng Zhao, Binance’s CEO; and Coinbase, the largest cryptocurrency exchange in America. The Binance charges, filed in U.S. District Court for the District of Columbia, allege that Binance entities operated an illegal trading platform, … Continue reading