https://techcrunch.com/2023/06/06/sec-chair-gensler-binance-coinbase/

The waters have been very hot in the crypto industry this week. The U.S. Securities and Exchange Commission (SEC) has filed two separate lawsuits against two of the largest crypto exchanges in the world: Binance and Coinbase.

“This is about both investors and issuers in the crypto space, to bring them into compliance,” SEC Chair Gary Gensler said in a live interview with CNBC on Tuesday morning. “We brought a number of actions. We stand ready to continue to work with the industry.”