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Several hours after suing Binance and its founder Changpeng Zhao, the US Securities and Exchanges Commission (SEC) has unveiled a similar case against its rival, Coinbase.

The complaint, filed against two entities (Coinbase and Coinbase Global), is already available online.

Minutes after the news came, bitcoin (BTC) plunged to $25,500.

SEC sues Coinbase just hours after Binance - 1
Bitcoin price story | Source: CoinMarketCap

This is a breaking story. It will be updated shortly.

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