Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
John Deaton, a Republican lawyer and Senate candidate, has submitted an amicus brief supporting Coinbase's appeal against the SEC, arguing that labeling token transactions as securities is impractical. (Read More)
The Chamber of Digital Commerce has accused the SEC of trying to impose securities regulations via the “back door” of an insider trading lawsuit.
Coinbase (NASDAQ: COIN) has filed an amicus brief in support of digital assets manager Grayscale Investments, which is suing the US Securities and Exchange Commission (SEC) over the rejection of the company’s spot Bitcoin ETF application.
Amici Curiae- but the SEC has allowed ‘riskier’ productsThe cryptocurrency exchange’s backing of Grayscale aligns with a brief by the Blockchain Association, Coin Center and the Chamber of Digital Commerce.
On Tuesday, the Amici Curiae brief filed at the US Court of Appeals for the District of Columbia Circuit, noted “the need for greater regulatory clarity and consistency” around the SEC’s decisions on spot Bitcoin ETFs.
Particularly, the brief points to the agency’s continued denial of all spot Bitcoin ETF proposals before it, while at the same time allowing exchange traded products (ETPs) based on the same asset. The brief read in part:
“The Commission’s “thumb on the scale” approach to Bitcoin ETPs does not withstand scrutiny. Bitcoin spot ETPs like the Grayscale Trust are ideally suited for investors that desire exposure to Bitcoin; the Commission has allowed similar, and riskier, products to enter the market; and spot Bitcoin ETPs plainly satisfy regulatory requirements for listing on a national securities exchange, just like Bitcoin future ETPs do.”
Grayscale applied for approval to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF in 2021, but the SEC denied the application in June this year, citing similar reasons that had seen multiple other ETFs thrown out.
In response, Grayscale immediately filed a lawsuit against the SES, with the company’s chief legal officer Craig Salm noting in July that the case was likely to take 12 months to two years.
The post Coinbase files brief backing Grayscale’s ETF lawsuit against SEC appeared first on Invezz.
The SEC must submit its brief by Nov. 9. After that, Grayscale will then submit a reply brief on Nov. 30 before both parties submit a final brief on Dec. 21.
There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression.
The brother of a former Coinbase employee has agreed to pay the cryptocurrency exchange nearly $470,000 for his role in an insider trading scheme. According to a New York District Court filing signed on April 6 and made public on April 10, Nikhil Wahi — brother of former Coinbase product manager Ishan Wahi — will [...]
The post Coinbase wins $470K restitution in insider trading case appeared first on Crypto Breaking News.
On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital [...]
The post Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard appeared first on Crypto Breaking News.
The crypto industry advocacy group has placed its support behind Coin Center and its lawsuit against the U.S. Treasury over its Tornado Cash sanctions.
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
