The Latest Breaking News from Crypto

The popular stablecoin is a fundamental cog for the sector, despite its diminishing market cap.

The most popular U.S. cryptocurrency exchange is being sued by the SEC for operating illegally. Its stock is sharply lower.

'We allege that Coinbase, despite being subject to the securities laws, commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions,' the SEC said.

The SEC sued crypto exchange Binance yesterday, prompting customers to withdraw £1 billion in the space of 24 hours

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The crypto exchance was accused of ‘an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law.’

The SEC charged leading crypto exchanges Coinbase and Binance with a laundry list of securities law violations, at an already fragile time for the cryptocurrency sector.

The approval marks another victory for traditional financial firms in the crypto space.

The complaint expands jurisdiction for the agency as it continues to target key cryptocurrencies.