In the crosshairs of the SECGov, coinbase and binance are wrongfully categorized. Is the SEC's campaign misguided or a mere power play? davidzmorris urges a reality check. An opinion:
this week hardly came out of the blue. The question of how to regulate crypto exchanges has been at a high simmer for years, and while the specifics of their approach are eminently debatable, the SEC was bound to go after the big boys sooner rather than later.
The SEC’s core claim in its charges against Coinbase is simply that the exchange “has made calculated business decisions to make crypto assets available for trading in order to increase its own revenues, which are primarily based on trading fees from customers.” , alleges that “Coinbase’s calculated decisions allowed it to earn billions … at the expense of investors by depriving them of the protections to which they were entitled.”price manipulation
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