# The SEC is Suing Coinbase & Binance | Ryan & David

*Author: David Hoffman, Ryan Sean Adams*
*Published: Jun 6, 2023*
*Source: https://www.bankless.com/the-sec-is-suing-coinbase-binance-ryan-david*

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Today Gary Gensler and the SEC officially filed lawsuits against crypto exchanges Binance and Coinbase.

We break it all down and share some hot takes on what this means for the crypto industry as a whole.

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### TIMESTAMPS
0:40 Is This Lawsuit a Surprise?

2:35 Is This Lawsuit a Suprise?

8:41 An Attack On Crypto

12:05 The 4 Big Questions

17:06 Gary's Public Statements

22:20 SEC Charges Overview

27:47 Analysis on Coinbase

30:31 Brian Armstrong's Take

32:58 The Case Against Binance

38:08 David's Take on All of This

43:38 What "Securities" Are Effected?

48:41 News Price Impact

53:35 Where Does Solana Stand?

57:39 Is ETH The Next Target?

1:02:17 Does Anybody Actually Want This?

1:05:15 Twitter Takes

1:09:08 Gary's Icarus Moment?

1:11:10 Closing Thoughts

## Resources
Binance Sued

https://twitter.com/BanklessHQ/status/1665744014081941506?s=20