After Coinbase was sued by the U.S. Securities and Exchange Commission (SEC), the Alabama Securities Commission (ASC) filed a show cause order against Coinbase and directed the company to show cause on why the firm should not cease and desist from selling unregistered securities in the state. Furthermore, the ASC order discloses that the enforcement action saw participation from California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington, and Wisconsin.
Coinbase Has 28 Days to Show Cause
The Alabama Securities Commission (ASC) sent a show cause and cease and desist order to the San Fransico-based crypto exchange Coinbase on Tuesday. The ASC order gives Coinbase 28 days to explain why they should not be ordered to stop selling unregistered securities in Alabama.
In addition to alleged securities violations, the Alabama regulator claims “that Coinbase violates the securities law by offering its staking rewards program accounts to Alabama residents without
We współpracy z: https://news.bitcoin.com/alabama-securities-regulator-issues-show-cause-order-to-coinbase-joined-by-9-other-states-over-unregistered-securities/
