SEC has charged Coinbase with 5 different offenses, including operating an unregistered securities exchange, and offering unregistered securities to the public. https://www.sec.gov/litigation/complaints/2023/comp-pr2023-102.pdf, https://slate.com/technology/2023/06/coinbase-binance-sec-cryptocurrency-securities-law-crackdown.html

Resolves YES if the SEC wins 3 or more of the 5 charges it filed against Coinbase, or if Coinbase settles with terms that indicate a substantial concession, for example, a payout greater than $100 million and an agreement to not sell to US consumers, or something along those lines.

The Government Is Strangling Crypto

The feds sued Coinbase and Binance. It could tame the entire industry.