The US SEC has filed lawsuits against Binance and Coinbase, accusing them of various regulatory violations, leading to intense discussions about cryptocurrency classification as securities and causing a negative impact on the prices of many altcoins mentioned in the lawsuits.
The U.S. Court of Appeals has criticized the Securities and Exchange Commission (SEC) for acting "capriciously" and "arbitrarily" in denying a spot market bitcoin exchange-traded fund (ETF), potentially leading to a review of the previously rejected application and challenging the SEC's authority over cryptocurrencies.
Coinbase's stock experienced a significant surge after a federal judge ruled in favor of Grayscale in their SEC dispute, leading to hopes of a potential Bitcoin ETF and increasing the value of COIN by over 15%.
Coinbase CEO Brian Armstrong urges the U.S. CFTC to avoid enforcement actions against decentralized finance (DeFi) protocols, stating that they should be resolved in court to set a precedent.
Coinbase CEO Brian Armstrong criticizes JPMorgan's Chase UK for banning crypto-related transactions and urges UK officials to investigate, while the exchange continues its expansion in the UK amid legal issues in the US.
The U.S. Securities and Exchange Commission (SEC) has asked a judge to reject Coinbase Global's request to dismiss the regulator's lawsuit against the cryptocurrency exchange, arguing that a recent court ruling used by Coinbase in its defense does not apply in this case.
A US judge denied the Securities and Exchange Commission's attempt to appeal a ruling that digital tokens are not securities when sold to the general public, dealing another blow to the agency's efforts to regulate the crypto industry.
Coinbase is facing a legal battle with federal regulators over its operation as an unregistered securities exchange, with three new legal filings supporting the SEC's argument that it has the authority to regulate cryptocurrency under existing laws.
Coinbase is urging the SEC to issue a court order, called a mandamus, to force the agency to respond to the firm's crypto rulemaking petition after the SEC provided an uninformative update; Coinbase's response accuses the SEC of stalling and avoiding accountability.
Coinbase is pressing the U.S. Securities and Exchange Commission (SEC) to respond to its rulemaking petition on clarifying the application of securities laws to digital assets within 30 days.
Coinbase is demanding immediate action from the Securities and Exchange Commission (SEC) or for the courts to intervene on its request for formal rules on digital assets as securities. Despite a previous delay, Coinbase accuses the SEC of refusing to act on its petition, leaving digital assets in a difficult situation with no clear guidelines.
Coinbase's Chief Legal Officer, Paul Grewal, opposes the Treasury's proposed regulations for tax reporting of digital assets, warning that it could harm fairness and innovation in the industry and potentially pose privacy concerns.
Coinbase will present its final arguments to a judge, asserting that the SEC lacks evidence to show that its transactions were unregistered securities and that the agency's regulation of the crypto industry violates the "major questions doctrine." The outcome of the case could have significant implications for the future of digital assets in the US.
Cryptocurrency exchange Coinbase has argued in a legal brief that tokens are not securities and that the Securities and Exchange Commission (SEC) has exceeded its regulatory authority, as it seeks to have a lawsuit from the SEC dismissed. Coinbase contends that tokens traded on its platform do not meet the criteria for "investment contracts" and that the SEC is violating the Major Questions Doctrine. The outcome of the case will determine whether certain cryptocurrencies are considered securities and whether Coinbase failed to register with the SEC.
