Regulatory · June 5, 2023
SEC sues Binance and Coinbase
Price at event
$26,900
Today
$73,594
Since then
×2.7
Two days apart. Both lawsuits target unregistered exchange / broker / clearing-agency operations. Most charges against Binance settle in 2023; the Coinbase suit is dismissed in early 2025.
⸺ Sources ⸺
- primarySEC Press Release 2023-101: SEC Files 13 Charges Against Binance Entities and Founder Changpeng Zhao (June 5, 2023) ↗
- newsCoinDesk: SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao (June 5, 2023) ↗
- newsCoinDesk: SEC Sues Coinbase on Unregistered Securities Exchange Allegations (June 6, 2023) ↗