Top investor Cathie Wood has said that Coinbase could come out a winner following the U.S. Securities and Exchange Commission’s latest crypto crackdown. 

The CEO and CIO of Ark Invest slammed the SEC in a Thursday Bloomberg interview and claimed that Coinbase would ultimately benefit from the regulator going after Binance, the world’s biggest crypto exchange. 

On Monday, the SEC hit crypto behemoth Binance with 13 civil charges and alleged that CEO Changpeng Zhao ran the company through a “web of deception” and commingled funds. 

Wall Street’s top regulator then on Tuesday sued America’s biggest digital asset exchange, Nasdaq-listed Coinbase, for allegedly operating for years as an unlicensed securities exchange and elevating “its interest in increasing its profits over investors’ interests.”

“It was interesting to see the SEC sue Binance on one day and on the next day, Coinbase,” said Wood. 

“And they are trying to put them in the same bucket—and they’re not in the same bucket,” she continued, saying that the Binance complaint was far more serious. 

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Author: Mathew Di Salvo

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