Tension Rises Between Crypto Companies and Regulators Following SEC Lawsuits

The lawsuits lodged by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase have resulted in escalating tension between crypto companies and financial regulators. Many names within the crypto ecosystem have expressed their reactions to the SEC’s attitude towards the crypto ecosystem, with a significant claim coming from Binance’s lawyers. According to Binance’s attorneys, SEC Chairman Gary Gensler made a proposal to take on an advisory role at Binance in 2019. Tension Mounts Between Crypto Firms and Regulators Developments during the week have caused the markets to stir again. Following its lawsuit against Binance and its CEO Changpeng Zhao at the start of the week, the SEC also sued Coinbase, alleging violations of securities law. The consecutive lawsuits led to backlash from several well-known figures in the crypto ecosystem. The regulators’ approach to crypto regulations and crypto companies has sparked a new debate among the public. On the […] The post Tension Rises Between Crypto Companies and Regulators Following SEC Lawsuits appeared first on COINTURK NEWS.