Despite SEC pressure, Coinbase defends its listing process

Something is wrong with Coinbase. It seems that US officials are looking into whether or not it is operating as an unregistered securities exchange and letting people trade digital assets that are regulated by the SEC.

The investigation began when the SEC charged Ishan Wahi, a former Coinbase product manager, and two other people with trading on inside information about at least 25 digital assets.

At least nine of the cryptocurrencies are securities, says the SEC. Securities issuers, like public companies, ...