Key takeaways
- On Friday, November 6, 2026, Treasury’s Financial Crimes Enforcement Network (FinCEN) moved to cut crypto exchange MEXC Global off from the U.S. financial system.
- Treasury says MEXC moved at least $16 billion tied to sanctions evasion, cybercrime and other illegal activity from May 2021 to May 2026.
- Coinbase’s third-quarter revenue fell 35% to $1.22 billion even as its share of crypto trading volume rose to 10.7%.
Treasury is targeting an exchange Americans were never supposed to use, and the real pressure lands on U.S. banks and payment firms. So who actually gains, and why might Coinbase and Robinhood get less than traders expect?
See the latest quote, chart and news for CRCW.
