Allowing Coinbase to go public was not a ‘blessing’ of the business: SEC

The U.S. Securities and Exchange Commission (SEC) has argued in court that approving a firm’s S-1 application to go public, does not represent a “blessing” from the agency, nor provide a verification that the business is regulatory compliant. In the interest of transparency, here is the transcript from our hearing yesterday in the SDNY case [...]

The post Allowing Coinbase to go public was not a ‘blessing’ of the business: SEC appeared first on Crypto Breaking News.

View Details

Coinbase accused of market manipulation, Kraken Australia hit with $5M fine: Law Decoded

A lawsuit against Coinbase concerns allegations under the Sherman Act of attempted monopolization of the Wrapped Bitcoin market.

View Details

Coinbase legal chief addresses $1B lawsuit tied to wBTC delisting

Crypto industry insiders like Justin Sun are questioning Coinbases token listing criteria following the exchanges decision to delist wBTC in November.

View Details

Senator Lummis files Amicus Brief supporting Coinbase’s dismissal motion against SEC

Crypto-friendly Senator Cynthia Lummis has filed an Amicus Brief supporting Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission’s lawsuit against the firm. An Amicus Brief is a document filed in court by a party that is not directly involved with the related case. They are generally used to add supporting arguments to one [...]

The post Senator Lummis files Amicus Brief supporting Coinbase’s dismissal motion against SEC appeared first on Crypto Breaking News.

View Details

‘Near impossible to know’ what is and isn’t a security: Mark Cuban on SEC

Billionaire investor Mark Cuban has become one of the latest industry figures to call out the United States securities regulator for purportedly failing to provide cryptocurrency firms with a clear registration process. The Shark Tank investor claimed in a June 11 Twitter post that no registration exists in the SEC’s “Framework for “Investment Contract” Analysis [...]

The post ‘Near impossible to know’ what is and isn’t a security: Mark Cuban on SEC appeared first on Crypto Breaking News.

View Details

SEC Summons Binance CEO CZ as Lawsuits Shake Cryptocurrency Industry

The United States District Court in Washington, D.C., at the request of the Securities and Exchange Commission (SEC), summoned Binance CEO Changpeng Zhao (CZ) on Wednesday. Binance CEO CZ Challenged by SEC Summons as Legal Battles Escalate On Wednesday, several social media accounts shared a summons intended for the CEO of Binance, Changpeng Zhao, also [...]

The post SEC Summons Binance CEO CZ as Lawsuits Shake Cryptocurrency Industry appeared first on Crypto Breaking News.

View Details