Filing: the SEC sues Coinbase in New York court, alleging the exchange acted as an unregistered broker since at least 2019; COIN drops 10%+ (Austin Weinstein/Bloomberg)

Austin Weinstein / Bloomberg:
Filing: the SEC sues Coinbase in New York court, alleging the exchange acted as an unregistered broker since at least 2019; COIN drops 10%+  —  The Securities and Exchange Commission sued Coinbase Global Inc. in federal court in New York on Tuesday, alleging the crypto firm broke US securities rules.