First on CNBC: SEC Chair Gensler on Suing Coinbase and Binance 6/6/23
b'Carl Quintanilla Jim Cramer and David Faber led off the show with big news involving the world of crypto: The SEC filed a lawsuit against Coinbase in New York federal court, accusing the company of operating as an unregistered securities exchange, broker, and clearing agency. The action comes one day after the regulator sued Binance. SEC Chair Gary Gensler joined the programlive and"First on CNBC" to discuss the lawsuits and regulating crypto. Also in focus: Saudi-backed\\xa0LIV Golf to merge with the PGA Tour, Merck sues the federal government in an effort to halt Medicare drug\\xa0 price negotiation,\\xa0plus\\xa0Wall Street reaction to the launch of Apple\'s new $3,500\\xa0mixed-reality headset.\\n\\n\\n\\nSquawk on the Street Disclaimer'