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SEC alleges DEBT Box falsely claimed it was engaged in crypto mining and bilked hundreds of investors through the sale of unregistered securities.
The slowdown in a key moneymaker for the largest US cryptocurrency exchange came as its faced off with a powerful US regulator.
The SEC had accused Coinbase of operating illegally because it failed to register as an exchange. It also alleged that Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon.
Firms pile in after Volatility Shares’ recent application to launch crypto fund.
The ruling found that crypto "falls far short" of having the significance needed for Congress to review regulation.