Claim BonusBreaking: Crypto Exchange CoinEx Sued In New York Over Financial Violation
Crypto News Today: Scrutiny against crypto players in the United States continues in the wake of the U.S. Securities and Exchange Commission’s (SEC) crackdown on crypto companies. In a latest, a New York Attorney filed a complaint against a crypto exchange around regulatory compliance. After the FTX collapse in November 2022, global regulatory bodies ramped up efforts to streamline the crypto market in terms of guidelines. Despite all the crackdown, the US regulators have been accused of only enforcing rules without any clarity on the law around cryptocurrencies.
Also Read: Filecoin (FIL) Price Up 65%, Is China Narrative Making It Outperform Major Crypto?
CoinEx Sued In New York
According to a Reuters report, New York Attorney General Letitia James sued crypto exchange CoinEx over violation of local laws. The attorney cited the exchange’s violation of the Martin Act, a New York anti-fraud law that empowers the Attorney General to take action against fraudulent players. The report said the accusations were in connection with CoinEx not registering with the state.
The complaint was filed with a New York state court in Manhattan on Wednesday, around violation of the Martin Act. Founded in December 2017, CoinEx claims to have a 30 day transaction value of $13.66 billion.
Also Read: New AI Product Sparks Optimism For Hedera; Is HBAR Price Eyeing $1?
On February 23, 2023, a New York regulatory body ordered Paxos to stop creating Binance USD (BUSD), calling the stablecoin an unregistered security.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Price Today As Bulls Defend $65K–$66K Zone Amid Geopolitics and Tariffs Tensions
- XRP Realized Losses Spike to Highest Level Since 2022, Will Price Rally Again?
- Crypto Market Rises as U.S. and Iran Reach Key Agreement On Nuclear Talks
- Trump Tariffs: U.S. Raises Global Tariff Rate To 15% Following Supreme Court Ruling
- Bitwise CIO Names BTC, ETH, SOL, and LINK as ‘Mount Rushmore’ of Crypto Amid Market Weakness
- Pi Network Price Prediction: How High Can Pi Coin Go?
- Dogecoin Price Prediction Feb 2026: Will DOGE Break $0.20 This month?
- XRP Price Prediction As SBI Introduces Tokenized Bonds With Crypto Rewards
- Ethereum Price Rises After SCOTUS Ruling: Here’s Why a Drop to $1,500 is Possible
- Will Pi Network Price See a Surge After the Mainnet Launch Anniversary?
- Bitcoin and XRP Price Prediction As White House Sets March 1st Deadline to Advance Clarity Act
