TENSION RISES BETWEEN COINBASE AND SEC OVER CELSIUS BANKRUPTCY PLAN

Summary from the TLDR Crypto newsletter

In the midst of a suit between the two entities, the SEC is now scrutinizing Coinbase's role in Celsius’ bankruptcy plan. The SEC argues that Coinbase's services in the process go beyond being a distribution agent to offering brokerage and trading services. This raises issues that reflect those outlined in the SEC's lawsuit against Coinbase for allegedly operating as an unregistered broker violating federal securities laws.