Authorities are moving in on the industry
This week, it was revealed that the crypto exchange Coinbase is facing an investigation from the U.S Securities and Exchange Commission (SEC) over allowing its users to speculate on unregistered securities. Reports claimed that regulatory officials began taking a “closer look” at Coinbase when it enabled trading of an additional 100 tokens on its platform. How this was the first red flag to provoke a serious examination remains a mystery to outside observers.
