The Securities and Exchange Commission filed lawsuits against Binance and Coinbase— two of the biggest crypto exchanges. WSJ’s Caitlin Ostroff discusses the allegations and the potential impact on the global crypto ecosystem.  Further Reading: - SEC Says Binance Misused Customer Funds, Ran Illegal Crypto Exchange in U.S.  - SEC Sues Coinbase, Alleges It Is Unregistered Broker  Further Listening: - The Rise of Binance - And The Effort to Reel It In  - The Charges Against FTX's Sam Bankman-Fried  Learn more about your ad choices. Visit megaphone.fm/adchoices