new Crypto Task Force to take charge. Binance and Coinbase Still Facing Legal Action In recent months, the SEC has been actively involved in legal battles against major crypto exchanges like Binance and Coinbase. Binance, the world's largest crypto exchange, has been facing scrutiny from the SEC over its operations in the US and its failure to comply with securities laws. Similarly, Coinbase, one of the most popular crypto exchanges in the US, has been facing a lawsuit from the SEC over its lending product. The Formation of the Crypto Task Force In September 2021, the SEC announced the formation of a new Crypto Task Force, led by the agency's Division of Enforcement. The task force aims to address issues related to digital assets and cryptocurrency, including fraud, market manipulation, and investor protection. The SEC's decision to create this task force is seen as a significant development in the agency's approach towards regulating the crypt...
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