The US Securities and Exchange Commission (SEC) has just sued two iconic cryptocurrency platforms: Binance, the largest crypto platform in the world, and Coinbase, the only one listed on the Wall Street Stock Exchangein its latest offensive against this sector, coming under scrutiny after the scandalous sinking of FTX last November.

The SEC, which has been pressed for months the need to strengthen the regulation of the sectorsued Tuesday Coinbase for functioning as an exchange, stockbroker and clearing house to guarantee exchanges between investors, credit institutions and other financial agents, without being registered.

“Since at least 2019, Coinbase has made billions of dollars illegally by facilitating the buying and selling of crypto asset securitiesthe SEC states in the note, urging it Coinbase combines traditional exchange services with that of a stock broker without registering any of these features. After knowing the demand, the actions of the platform they sank more than 20%.

It is the thirteenth anniversary of Bitcoin Pizza Day, the first day the cryptocurrency was used in a transaction

Yesterday, the SEC filed a total of 13 charges Binance and against the founder, Changpeng Zhao, whom he accuses blatantly flouting US securities laws and making billions of dollars in exchange for exposing their clients’ assets to “considerable risk”.

“Zhao and the Binance entities were not only aware of the rules, but also aware decided to avoid them and endanger their customers and investorsall in an effort to maximize their own profits,” the US regulator’s president, Gary Gensler, said in a statement.

The SEC’s announcement comes just one day after Coinbase released a statement claiming so The United States “needs clear rules on cryptocurrency to protect consumers and American leadership.” In fact, his legal counsel, Paul Grewall, will testify before a congressional committee today on a bill to regulate the structure of the digital asset market.

For this crypto platform, digital currencies solve real problems and require a clear path to protect responsible innovation, warning that the US is falling behind.