Understanding the SEC's Legal Blitz on Binance and Coinbase

The US Securities and Exchange Commission (SEC) recently launched lawsuits against crypto giants Binance and Coinbase, marking a significant escalation in its scrutiny of the digital asset market. Binance and Coinbase, which account for half of the global trading in digital assets, were accused of violating US securities laws, offering unregistered securities, and operating as unregistered venues.