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Peter Gattuso /

The Feds’ Crackdown on Cryptocurrency, Explained

The SEC hopes the courts will help it tighten regulations on cryptocurrencies.
crypto
(Picture via Getty Images)

The Securities and Exchange Commission (SEC) filed federal lawsuits against two of the biggest cryptocurrency marketplaces in the world within two days of each other: Binance and Coinbase.

The cases will likely clarify key questions over cryptocurrency regulation, an issue shrouded in legal and administrative ambiguity since its emergence: What oversight should regulators have over cryptocurrency?

Peter Gattuso is a former reporter for The Dispatch.

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