Binance, Coinbase come under SEC's regulatory scrutiny following FTX implosion Cryptocurrency
, the SEC has opened an inquiry into the FTX platform, in addition to looking into Coinbase Global and Binance.
Staff members from the two law enforcement agencies were contacted on Wednesday, the source continued. While the SEC enforces civil investor protection rules, the Justice Department prosecutes criminal offenses, including fraud. If so, the company's management of customer assets may also violate regulations governing U.S. exchanges.
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