Everand Logo

Welcome to Everand!

  • NPR

    Wall Street's top cop is determined to bring crypto to heel. He just took a big shot

    The SEC announced this week a barrage of lawsuits against crypto exchanges Coinbase and Binance. The outcome could help define the future of the cryptocurrency sector.
    by David Gura Jun 10, 2023 3 minutes
    Securities and Exchange Commission Chair Gary Gensler listens during a meeting of top financial regulators at the U.S. Treasury Department on Oct. 3, 2022, in Washington, D.C. The SEC's lawsuit against crypto exchanges Binance and Coinbase this week are intended to bring both under the regulatory purview of the agency.

    Since Gary Gensler became Wall Street's top cop two years ago, his message to cryptocurrency companies has been consistent: He would do all it takes to tame a world he likens to "the Wild West."

    This week, he delivered on that threat, big time.

    The Securities and Exchange Commission unveiled a barrage of charges against two of the world's largest crypto exchanges — Coinbase and Binance — kicking off a legal battle that will help define the future of cryptocurrencies.

    Here's what to know about the fight, and why it's

    You’re reading a preview, subscribe to read more.

    More from NPR

    NPR8 min read
    A Photo Depicted Dead Children In Gaza
    A reader was scrolling through her news feed when she clicked on an NPR headline about an air assault in Gaza and found herself looking at a photo of dead children. She was upset by the picture and immediately felt as if the people she was looking at
    NPR3 min read
    Michael Cohen Continues Cross-examination In Trump's Criminal Hush Money Trial
    Once an ally of the former president, now Cohen is in his third day of testifying against him. He alleges Trump knew about the deal with an adult film star to keep quiet about an alleged affair.
    NPR4 min read
    'Whale Fall' Centers The Push-and-pull Between Dreams And Responsibilities
    Elizabeth O'Connor's spare and bracing debut novel provides a stark reckoning with what it means to be seen from the outside, both as a person and as a people.

    Related Books & Audiobooks