Every crypto exchange is under investigation by the Securities and Exchange Commission (SEC), claims an official from U.S. Senator Cynthia Lummis’ office. Lawyer John E. Deaton may have correctly predicted that SEC Chair Gary Gensler is going to “sue an exchange whether it’s Coinbase, Binance, or another exchange by the end of the year.”
All Crypto Exchanges Targeted by SEC Chair Gary Gensler
A staffer from U.S. Senator Cynthia Lummis’ office said all crypto exchanges in the U.S., as well as Binance, are under investigation by the SEC, reports Forbes on August 4.
XRP lawyer John E. Deaton in a recent tweet reaffirmed his earlier statement that the SEC is likely to sue another exchange this year.
” I say the SEC will sue an exchange or more than one. The SEC is likely to pick 2-4 exchanges that each sale 5-10 of the same tokens the SEC claims are securities. It could be 1 Complaint vs several defendants.”
The SEC investigation into Coinbase’s listing of unregistered securities is already known. Moreover, SEC Chair Gary Gensler is reportedly looking for other charges on the crypto exchange. Earlier reports also show that the SEC is reportedly investigating Binance’s initial coin offering of its crypto token Binance Coin (BNB) in 2017.
