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Crypto roundup: Contrasting fortunes for Coinbase, Binance and Bitstamp

Photo: Getty Images

Carmen Cracknell

2 min read
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It’s been a big two weeks for crypto, as US regulators finally brought the hammer down on major exchanges Coinbase and Binance.

On June 6, the SEC announced it was charging Coinbase for operating as an unregistered securities exchange, broker, and clearing agency. That prompted media speculation that this could be the death knell for crypto in the US, which seems an extreme conclusion. But the SEC announcement didn’t pull any punches:

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