The U.S. Securities and Exchange Commission (SEC) has launched an investigation into Coinbase, one of the largest cryptocurrency exchanges in the world, over allegations that it has been offering unregistered securities.
The investigation centers on several tokens listed on Coinbase that the SEC claims may meet the definition of securities under U.S. law.
This probe has intensified the ongoing debate over which cryptocurrencies should be classified as securities, a question that has significant implications for the broader crypto industry.
Coinbase has denied any wrongdoing and is cooperating with the investigation, but the outcome could lead to increased regulatory oversight of crypto exchanges and potentially result in a reshaping of the digital asset landscape in the U.S.
