SEC Sues Coinbase, Alleges It Is Unregistered Broker - WSJ

WASHINGTON—The Securities and Exchange Commission sued Coinbase COIN 2.81%increase; green up pointing triangle on Tuesday, a back-to-back punch by regulators trying to rein in the crypto industry.

The SEC alleged that Coinbase, the largest crypto exchange in the U.S., violated rules that require it to register as an exchange and be overseen by the federal agency.

via www.wsj.com

This was inevitable. It's not like the state is going to let money get out of its control is it? At least not for ordinary people, that is.