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SEC lawsuits against cryptocurrency firms: An overview

The Securities and Exchange Commission has—very publicly—filed a handful of separate lawsuits against different cryptocurrency firms which operate in the U.S. The Commission’s argument in each lawsuit is essentially the same: that the cryptocurrencies offered by the accused firms and exchanges are securities, not commodities, and should therefore be taxed and regulated as such. Lets take a look at the current open cases against Ripple, Coinbase, and Binance, and where each presently stand.