Crypto Exchanges vs SEC Litigation between US Securities and Exchange Commission and major crypto exchanges is ongoing. The SEC, following the position of its head Gary Gensler, accuses Coinbase, Binance and Kraken of illegal work as unlicensed securities trading activities. So far, illegal trading in securities is the commission’s favorite accusation. Usually, it classified cryptocurrency to securities without any special checks and expertise. If there is cryptocurrency, then it is a security. The exception is Bitcoin, but it is a dubious asset that suspicious people use for dark causes. However, Ripple managed to prove in court that at least monets traded on the stock exchange cannot be considered cryptocurrencies. And then there is the decision of the futures commission that defined Ethereum as commodities. In the current situation, a court ruling in favor of the SEC would mean an additional control circuit over the crypto business. In fact, crypto exchanges fight for the right to
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