Coinbase And Binance Are in Big Trouble; One of Them Could Collapse

Published by
The Street

By Luc Olinga This month of June 2023 will undoubtedly go down in history as one of the most horrible for the cryptocurrency industry. In quick succession, the US Securities and Exchange Commission launched legal proceedings in the space of 24 hours against two of the most important platforms in the sector. The powerful regulator on June 5 filed a complaint against Binance, the largest cryptocurrency exchange in the world. The next day, the SEC sued Coinbase, the most popular platform for buying and selling digital currencies. If the time and the simultaneity of the two complaints gives the im…

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