US SEC files lawsuits against Coinbase and Binance

The US regulator’s latest crackdown on crypto exchanges is harmful for those looking to expand in the US, but beneficial for Asian markets looking to become global crypto hubs, observers note.

The US Securities and Exchanges Commission (SEC) has filed lawsuits against two of the world's largest crypto exchanges: Coinbase and Binance, in a move that throws into question the future of crypto operators in the US.

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