June 7, 2023 1:26 PM | 1 min read
Dogecoin (CRYPTO: DOGE) is trading lower by 4.13% to the $0.07 level Wednesday afternoon, according to data from Benzinga Pro. Altcoins have been volatile this week after the SEC sued Coinbase for operating as an unregistered securities exchange, broker and clearing agency.
The SEC complaint alleges that Coinbase has unlawfully facilitated the buying and selling of crypto asset securities since 2019, intertwining exchange, broker, and clearing agency services without SEC registration, resulting in billions of dollars.
See Also: Coinbase CEO Knew Court Battle Was Coming
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
What Else?
Shares of several crypto-related stocks are also trading lower this week after the SEC sued Binance over U.S. securities violations.
“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
Advertorial
As reported by our Benzinga team, Binance Holdings Ltd. and its CEO Changpeng Zhao are facing a lawsuit filed by the Securities and Exchange Commission (SEC), citing alleged violations of U.S. regulations, as indicated in a recent legal filing by the SEC.
The legal proceedings allege that Zhao, as the driving force behind Binance, directed employees to use VPNs to conceal their geographical locations.
Binance is the largest cryptocurrency exchange in the world by trading volume. In fact, it tops the ranks of cryptocurrency exchanges maintained by CoinMarketCap, which are ranked based on 24-hour trading volumes, exchange score and average liquidity. Binance triumphs over exchanges like Huobi Global and Coinbase, which follow closely in 2nd and 3rd places, respectively.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Credit: Source link