No, the latest SEC lawsuit against Coinbase is for running an unregistered securities exchange, broker and clearing house: https://www.forbes.com/sites/emilyma

No, the latest SEC lawsuit against Coinbase is for running an unregistered securities exchange, broker and clearing house: https://www.forbes.com/sites/emilymason/2023/06/06/coinbase-hit-with-sec-suit-that-identifies-37-billion-of-crypto-tokens-as-securities/ https://www.forbes.com/sites/emilymason/2023/06/06/coinbase-... This is the very heart of Coinbase’s operations. If they’re found to be a securities exchange, they won’t be allowed to mingle the broker and clearing house functions, and the company would have to be split.