Is SEC’s crackdown on crypto exchanges warranted? Here’s what Zerodha’s Nithin Kamath says

The US Securities and Exchange Commission (SEC) had last week sued Coinbase and Binance, two of the world’s largest crypto exchanges for allegedly breaching its rules.

Nithin Kamath, the co-founder and CEO of India’s leading broker Zerodha, said the SEC action is warranted to protect the interest of retail investors.

Kamath said the public markets are prone to some scams even with a number of regulations and batted for regulatory oversight in the crypto markets too.