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Why Are There So Many Cryptocurrency Lawsuits?The U.S. Securities and Exchange Commission's lawsuits against cryptocurrency exchanges Binance and Coinbase follow a year of price volatility. Monday's lawsuit seeks a civil fine, disgorgement of ill-gotten gains, and a halt to acting as an exchange without registering. Kraken was. The U.S. Securities and Exchange Commission filed lawsuits last week against the world's biggest cryptocurrency exchanges, Binance and Coinbase.