Several hours after suing Binance and its founder Changpeng Zhao, the US Securities and Exchanges Commission (SEC) has unveiled a similar case against its rival, Coinbase.
The complaint, filed against two entities (Coinbase and Coinbase Global), is already available online.
Minutes after the news came, bitcoin (BTC) plunged to $25,500.
![SEC sues Coinbase just hours after Binance 2 SEC sues Coinbase just hours after Binance - 1](https://thehackerspro.com/wp-content/uploads/2023/06/BTC_1D_graph_coinmarketcap-1024x570.jpeg)
This is a breaking story. It will be updated shortly.