In recent events, the U.S. Securities and Exchange Commission (SEC) has made legal moves against two prominent cryptocurrency operations, Binance and Coinbase. This has caused quite a stir in the global cryptocurrency industry. Although the complaints are different in nature, the controversy surrounding the two lawsuits speaks to the ever-evolving relationship between the cryptocurrency industry and the SEC.
Allegations have recently been made of former SEC Chairman Gary Gensler offering advisory services to Binance in 2019. This move could be seen as a conflict of interest that may have added fuel to the fire. Despite the lawsuits, the scenario also presents an opportunity to shed light on the differences between Coinbase and Binance.
An in-depth comparison of the two companies, their services, and the SEC lawsuits against them can be found in this article: Dissecting the Differences Between Coinbase & Binance SEC Lawsuits. By drawing attention to the nuances of each situation, we can gain a better understanding of the overall legal implications of the SEC’s actions.
