Does Coinbase have to register with the SEC?

Coinbase, through the Coinbase Platform, Prime, and Wallet, used the means and digital wallets, and being compensated for doing so. Coinbase was therefore required to register with the SEC as a broker or operate pursuant to an exemption, but did not do so. 308. Coinbase served as an intermediary in settling transactions in crypto asset securities

Will Coinbase cooperate with the SEC?

Coinbase has said it welcomes regulation and wants to cooperate with the S.E.C. The S.E.C. lawsuit is the latest enforcement in a multiyear crackdown on the crypto market by the regulator, which has picked up steam after the collapse of the FTX cryptocurrency exchange in November and criminal charges against its founder, Sam Bankman-Fried.

Why did the SEC charge Coinbase in 2023?

On June 6, 2023, the Securities and Exchange Commission charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service program.