The U.S. Securities and Exchange Commission has sued Coinbase, the U.S.-based cryptocurrency exchange, for operating as an “unregistered broker, exchange and clearing agency”.

In support of its emergency action to freeze Binance.US’s assets, the SEC filed additional details showing that the company had moved $70 billion through Silvergate and Signature banks from 2019 to 2023.

The campaign, which called for sensible crypto policy from the U.S. authorities, instead saw the SEC sue major exchanges, Binance and Coinbase. As a result, ‘Stand With Crypto’ is trending on Twitter, and almost 140,000 NFTs have been minted.

The SEC filed a suit against Binance and its CEO Changpeng Zhao for various alleged securities law violations.

One year on, we round up the legal proceedings involving the company and founder, Do Kwon.

The US payments network provider moved into the custody market this week, with the reported quarter billion dollar purchase of Switzerland’s Metaco, also increasing its overseas presence ahead of the ruling in its ongoing SEC dispute.

Recently SEC was legally obliged to respond to Coinbase's writ of mandamus. Meanwhile, the regulator deleted a possible first-ever definition of digital asset from its rule and the exchange started an open letter to Congress to support pro-crypto legislation.

Coinbase announced the launch of a new platform called Coinbase International Exchange, which enables institutional users outside of the US to trade ethereum and bitcoin perpetual futures.