The SEC requires Coinbase to return all illegal gains and their accrued interest, and to pay civil penalties

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) requests the court to issue a final judgment to permanently prohibit the defendants and other related parties from directly or indirectly violating the Securities Act; to require the defendants to jointly and severally return all illegal gains obtained from violating the Exchange Act, and to order Coinbase to return all illegal gains obtained from violating the Securities Act along with its pre-judgment interest; to require the defendants to pay civil penalties under the Exchange Act and the Securities Act; and to request the court to grant appropriate or necessary relief under the Exchange Act to protect the interests of investors. (Source link)