Coinbase was aware of violation of federal security token laws

Coinbase, one of the largest cryptocurrency exchanges in the United States, is facing allegations from the Securities and Exchange Commission (SEC) that it was aware of violations of the security token law.  In a recent letter filed by the SEC, the regulator responded to Coinbase’s allegations, saying it does not have jurisdiction to prosecute the exchange. SEC responds: Coinbase will be prosecuted for violating security token laws According to the SEC, Coinbase was aware that federal securities laws might apply to its operations.  The letter points out that Coinbase openly informed its shareholders of the possibility that assets traded on