Crypto lawyer Collins Belton had tweeted on Monday that “the SEC is alleging that Binance, like Trex, Beaxy, Coinbase, and every other crypto trading platform is essentially operating an unregistered exchange, but also provides clearing services and acts as a [broker-dealer]for its customers, and hasn’t registered as any of those.”
One-Two Punch Puts U.S. SEC On Record for Binance, Coinbase, Rest of Crypto
