On April 17, 2023, the Securities and Exchange Commission (SEC) accused Bittrex, a Seattle-based exchange, of violating securities law by neglecting to register with the financial regulatory agency in various jurisdictions. The charges came at a time when the exchange was already planning to wind up its operations in the
A Summary Judgement from the district court is still pending in the significant battle between the U.S. Securities and Exchange Commission and Ripple Labs. John E. Deaton, an attorney for the XRP community, stated today that he will be participating in a Zoom hearing. The court overseeing the case will not
The regulatory uncertainty is already having an impact on the cryptocurrency market. As evidenced by the widely publicized new lawsuit between Coinbase and the United States Securities and Exchange Commission (SEC), is now gaining steam in the community. Following the exchange’s stance against the SEC, Coinbase CEO Brian Armstrong starts
Crypto exchange Coinbase initiated a solid move against the U.S. Securities and Exchange Commission (SEC). On Monday, the exchange sued SEC, urging the court to compel the regulator to respond to its rulemaking petition. Paul Grewal, Chief Legal Officer at Coinbase, tweeted: “The SEC is required by law to respond
According to reports, the cryptocurrency market faces increased scrutiny from regulators worldwide. The US SEC has been particularly active in regulating the market. And also their pressure on regulations is now impacting the crypto market. This has led to uncertainty among investors and caused the market to fluctuate. The SEC
As a part of the ‘Crypto435‘ campaign conducted by Coinbase, a live Twitter Space discussion happened in Washington, DC – concerning cryptocurrency policies and national securities with the CEO of Coinbase, Brian Armstrong. The other people who joined in the spaces include Anja Manuel, Tomicah Tillemann, and Faryar Shirzad, during
As per yesterday’s reports, Bitcoin dropped over 3% in just 15 mins that led the cryptocurrency to fall below $30,000. The decline in price influenced market sentiment, and also $100M worth of bitcoins are liquidated to Binance. On Thursday, the European Parliament also passed a crypto legislation making it a
The United States Securities and Exchange Commission (U.S. SEC) has claimed that the major crypto exchange, Coinbase is violating federal laws. In March 2023, SEC sent a Wells Notice against Coinbase with a dispute of enforcement actions ahead. Meanwhile, the head of Coinbase, Vishal Gupta resigned post the Wells Notice.
Coinbase, a leading crypto exchange, is expanding its presence and is making potential progress toward that goal. Derivative exchanges of the largest US exchange are expected to open worldwide in the coming weeks. Following the exchange’s approach, “go broad and go deep”, the firm has collaborated with various countries internationally,
In a recent development, Gary Gensler, the current chairman of the US Securities and Exchange Commission (SEC), has been accused of putting American investors at risk by failing to clarify digital assets rules. Gensler has come under fire for his lack of transparency on the matter, with critics suggesting that
