SEC lawsuits against cryptocurrency companies raise questions about industry's future

By FATIMA HUSSEIN & KEN SWEET

The Binance app icon is seen on a smartphone, Feb. 28, 2023, in Marple Township, Pa. Two lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges, Binance and Coinbase, have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.

The Binance app icon is seen on a smartphone, Feb. 28, 2023, in Marple Township, Pa. Two lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges, Binance and Coinbase, have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.

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SEC charges against Binance and Coinbase are terrible for DeFiOpinion: The SEC's shot at Binance and Coinbase puts decentralized finance in jeopardy, according to Cointelegraph's Guneet Kaur. According to Kaur, the allegations by the SEC challenge the core principles of DeFi, potentially stifling innovation and limiting its disruptive potential. DeFi Regulation
Source: Cointelegraph - 🏆 562. / 51 Read more »