A Monumental Day for Crypto: SEC Sues Coinbase as Congress Inches Forward on Oversight Bill

Also, Mark Wetjen lands a new gig following FTX's collapse; bank regulators issue guidance on firms' dealings with fintechs

The only surprise about the SEC’s decision to sue Coinbase, the U.S.’s largest crypto exchange, is that the case came right after the agency sued Binance, the world’s largest crypto exchange. Not without some dramatic flair, the SEC brought the civil action the same day that Coinbase’s top lawyer was testifying in Congress. But everyone knew the lawsuit…