US securities regulator sues cryptocurrency platform Coinbase

NEW YORK: US securities regulators sued Coinbase on Tuesday, alleging that the cryptocurrency platform's failure to register as a securities exchange venue exposed investors to risk.
In filing a complaint in federal court, the Securities and Exchange Commission said Coinbase's failure to register "has deprived investors of significant protections, including inspection by the SEC, record-keeping requirements, and safeguards against conflicts of interest, among others," the US agency said.