U.S. Securities and Exchange Commission sues Coinbase for alleged violation of US Securities Rules The U.S. Securities and Exchange Commission has brought a suit against Coinbase, one of the most prominent cryptocurrency exchange platforms. This is a major development in the world of cryptocurrency regulation. The SEC claims that Coinbase, a major player in the crypto-industry, has violated U.S. Securities Rules. The SEC's legal action will have a wide-ranging impact on both the exchange as well as the crypto market. It highlights the ongoing struggle for clear regulatory frameworks. Background: Coinbase was founded in 2012 in San Francisco and has become a leading platform for…