Might be of interest to some:
US sues Coinbase as crypto crackdown widens US sues Coinbase as crypto crackdown widens - BBC News
I saw this - the same SEC that waved on their exchange listing? Altcoins now considered “securities” that weren’t months ago, whilst bitcoin and ether miss such a labelling.
Perhaps Coinbase’a tactic of attracting regulatory scrutiny hasn’t really worked, are regulated exchanges a bit oxymoronic?
I use Coinbase in the uk and bar the range of coins available I find the app and service to be subpar.
They did the same for Binance
Fwiw the Binance allegations are far more wide ranging covering misuse of customer funds etc