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

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The U.S. SEC filed lawsuits last week against the world's biggest cryptocurrency exchanges, Binance and Coinbase, deepening tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.

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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