Since the SEC denied the need for clarification on crypto regulations in a court filing on Monday, the cryptocurrency exchange Coinbase has shifted its focus to Singapore. Due to the ambiguity of cryptocurrency laws in the United States, Coinbase CEO Brian Armstrong is contemplating relocating the company’s headquarters to the
In a recent report of Berenberg Capital Markets, it is said that the U.S. Securities and Exchange Commission (U.S. SEC) is still against Coinbase, a cryptocurrency exchange platform. Thereby, the report added that the SEC would raise an enforcement action anytime sooner followed by the Wells Notice. The @SECGov will
Coinbase has been quite vocal recently against US regulators. With the increased scrutiny of the crypto industry by the SEC, there has been regulatory uncertainty in the US. While crypto players have been demanding a fair game with clearer regulations, it seems to be a never-ending battle. According to the
Paradigm, an existing investor in Coinbase, has invested another $50 million in the exchange by purchasing more shares. Paradigm co-founder Fred Ehrsam disclosed the acquisition of shares to the U.S. Securities and Exchange Commission (SEC) on Thursday. In addition to his role as a board member at Coinbase, Ehrsam was
The newly emerged memecoin Pepe (PEPE) has witnessed a continued downfall in recent days. There is a question rising among investors about whether the world’s largest crypto exchange, Binance, listed the new memecoin too quickly. Pepe, the frog-themed memecoin, has shown a massive rise in trading price and gained huge
The U.S. Chamber of Commerce has come out in favor of Coinbase, the largest cryptocurrency exchange in the United States, in its efforts to clarify regulations from the Securities and Exchange Commission (SEC). The Chamber of Commerce, according to court documents, has filed an Amicus Brief in support of Coinbase’s
Pepe, the frog-themed memecoin is witnessing a downfall in price as well as in token holders. Post the controversy between the Coinbase exchange and Pepe coin, this is a sink for the token’s fame. In earlier weeks, the token stood out among the alt and memecoin community, for establishing high
Paul Grewal, the legal officer of Coinbase, tweeted that he apologized for the exchange’s recent newsletter on the rapid growth of the frog-themed memecoin Pepe (PEPE) and the other memecoins failed to give complete clarity of the meme’s history. And bringing widespread criticism from the crypto community. We screwed up
The Crypto Council for Innovation (CCI) has filed an amicus brief, a written argument over the U.S. SEC seeking a proper response to Coinbase firm. The reason for this is the failure of the U.S. Securities and Exchange Commission (U.S. SEC) to respond back to the petition raised by Coinbase.
Coinbase, one of the major cryptocurrency exchanges, might have offended the frog-themed crypto fans. In their weekly newsletter, the “Coinbase Bytes” email sent to the exchange customers landed in controversy. The newsletter was based on the crazy sentiment the present crypto market is holding towards memecoin. And as given details
