Crypto exchange Gemini dismisses the SEC's lawsuit against its Earn program, claiming that the regulatory agency is floundering and contradicting itself in its classification of the program as a security.
Coinbase may be misrepresenting itself as an exchange and could be violating state money transmitter licenses, according to allegations made by ChainArgos' CEO and General Counsel. The company argues that Coinbase is legally an over-the-counter (OTC) broker rather than an exchange operator, and it may be in violation of its licenses with its Ethereum platform, Base.
Coinbase is in talks with major Canadian banks to gain support for the crypto industry in Canada as it faces regulatory uncertainty in its home country, aiming to have the banks participate in the crypto economy in the near future.
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.
A U.S. judge has dismissed most of Commerzbank's lawsuit against Bank of New York Mellon, in which the German bank sought to hold BNY Mellon liable for over $1 billion of losses on toxic mortgages purchased before the 2008 financial crisis.
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%.
The SEC's denial of Grayscale's spot Bitcoin ETF application has been reviewed by a judge due to the SEC's failure to provide a coherent explanation, while the SEC also delayed verdicts on several Bitcoin spot market ETF applications, including BlackRock's, causing prices to rally; in other news, Circle's USDC stablecoin has experienced a significant decrease in market cap, SEC Commissioner Hester Peirce criticized the SEC's attempt to bring crypto exchanges under its jurisdiction, a lawsuit against Uniswap was dismissed by a New York judge, StarkWare zeroed all user balances on old wallets, Vivek Ramaswamy celebrated Grayscale's win over the SEC, the SEC delayed its verdict on multiple ETF applications including BlackRock's, and Chinese courts considered cryptocurrencies legal property protected by law.
Major cryptocurrencies declined as investors awaited regulatory developments, including the SEC's ruling on a Bitcoin ETF, while Coinbase revealed plans for international expansion and focus on obtaining licenses in key financial jurisdictions.
Coinbase has clarified that it will not halt all operations for its Indian customers, stating that the recent email notifying account holders of service discontinuation was aimed at customers breaching their standards and does not affect access to Coinbase Cloud services.
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.
A federal judge has rejected Bill Hwang's bid to dismiss the Securities and Exchange Commission lawsuit against him, which accuses him of fraud in connection with the collapse of his firm Archegos Capital Management.
Binance and Changpeng Zhao are seeking to dismiss the SEC lawsuit against them, stating that the regulator has not proven securities-related violations and is overreaching its authority in the crypto industry.
Coinbase attempted to acquire FTX Europe twice but has decided not to go forward with the deal, as it aimed to expand its derivatives business overseas.
Crypto exchange Coinbase has registered with the central bank of Spain, making it mandatory for the company to comply with anti-money laundering standards and paving the way for implementation of the European Union's MiCA regulation in 2024.
The United States Securities and Exchange Commission (SEC) has objected to Celsius Network's reorganization plan, citing its ongoing lawsuit with Coinbase and concerns about the terms of a proposed deal between Celsius and Coinbase.
The U.S. SEC and Coinbase are in conflict over Celsius' request to use Coinbase as a distribution agent, with the SEC arguing that this would go beyond the scope of a distribution agent and involve brokerage and trading services; Coinbase's Chief Legal Officer questions why the SEC would object to a trusted US company taking on this role.
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.
Coinbase International Exchange, the Bermuda-based subsidiary of Coinbase, has received regulatory approval to offer perpetual futures trading to non-US retail customers, providing them access to the derivatives market dominated by institutions.
The SEC has requested that a federal judge reject Coinbase's arguments and proceed with the securities law violation case, emphasizing the interpretation of the Howey test as a key point of contention.
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, the top US crypto exchange, is focusing on international markets due to regulatory uncertainty in the US and aims to bring a billion people into crypto.
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, the largest US crypto exchange, argues that a proposed IRS rule to define crypto brokers and regulate tax payments will threaten the industry and invade Americans' privacy.
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.
The United States Securities and Exchange Commission (SEC) plans to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen in their ongoing civil lawsuit, although the case against Ripple itself is not yet dropped. The SEC's decision to drop the charges against Garlinghouse and Larsen, who were accused of violating securities laws through the sales of XRP tokens, may indicate a potential appeal regarding the court's ruling on XRP's security status. The SEC has other ongoing cases involving prominent figures in the crypto industry, as well as civil lawsuits against crypto exchanges Binance and Coinbase.
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.
The price of Bitcoin is rising, benefiting micro strategy and its profitable Bitcoin holdings, while Coinbase is making a final plea to throw out the SEC's securities case against them, and Hong Kong's financial regulator has relaxed rules on the sale of spot products.
Coinbase dismisses rumors of implementing a $5,000-per-week Bitcoin withdrawal limit, stating that the claims are inaccurate and that no such policy exists.
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.
Coinbase argues that the SEC exceeded its authority in classifying cryptocurrencies listed on the exchange as securities, claiming that the SEC's broad definition of a security is not in line with U.S. securities laws.
Pro-Ripple lawyer John Deaton believes that a potential settlement in the SEC vs. Ripple case is unlikely, with the legal process possibly lasting a year and a final judgment not expected until late summer at the earliest, unless Coinbase's motion to dismiss the SEC's case is successful.