Springfield, IL-(Effingham Radio)-Illinois is among 10 states initiating legal actions against crypto exchange for violating securities laws
Illinois Secretary of State Alexi Giannoulias and other state regulators have taken legal action against crypto exchange platform Coinbase Global, Inc. and Coinbase, Inc. for violations of securities laws.
“This action will protect consumers and investors to ensure they can make informed and safe decisions in Illinois and across the nation,” Giannoulias said. “Illinoisans who invest their money in Coinbase or any other digital asset trading business deserve both security and transparency and my office intends to hold crypto companies to the highest standards.”
The Illinois Secretary of State’s Securities Department is a member of a task force alongside nine other state securities regulators charging Coinbase for its violation of…
