# [Opinion Piece] There might be no such thing as a legal US crypto exchange

Source: https://www.washingtonpost.com/opinions/2023/06/12/coinbase-cryptocurrency-sec-legal
Kiwi News: https://news.kiwistand.com/stories/Opinion-Piece-There-might-be-no-such-thing-as-a-legal-US-crypto-exchange?index=0x6489663b45a2b996e84ec63a1dd2c744bb339de1a92ff00f8043cdfd527bcf89decbd19e
Submitted by lens.ahn.eth on 2023-06-14 UTC, 1 upvote, 0 comments

## Summary

There may be no legal way to run a cryptocurrency exchange in the United States, since the SEC's actions suggest even Coinbase cannot operate one lawfully. The Securities and Exchange Commission filed suit against two major exchanges, Binance and Coinbase, in the week before June 12, 2023. If Coinbase cannot operate a legal exchange, it is hard to imagine any other firm being able to.

## Article

Democracy Dies in Darkness

June 12, 2023More than 3 years ago

Binance and Coinbase logos displayed on a smartphone. (Dado Ruvic/Reuters)

Can anyone run a cryptocurrency exchange in the United States? I don’t mean run one well, but just run one at all. Last week, the Securities and Exchange Commission filed suit against two major crypto exchanges, Binance and Coinbase. The latter, especially, is worth paying attention to, because if Coinbase can’t operate a legal crypto exchange in the United States — and the SEC is pretty much suggesting it can’t — then it’s hard to imagine anyone else can either.