SEC Informs Crypto Exchange Coinbase of Potential Securities Law Violations

The U.S. Securities and Exchange Commission (SEC) has sent Coinbase a “Wells notice” about potential violations of securities law. The Nasdaq-listed cryptocurrency exchange noted that, unlike what SEC Chairman Gary Gensler said, the securities regulator “will not let crypto companies ‘come in and register.’” Coinbase CEO Brian Armstrong explained: “A Wells notice typically precedes an [...]

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Coinbase reiterates that staking services will continue, despite SEC crackdown

Despite the SEC looking to crackdown on supposed unregistered securities offerings via staking rewards programs, Coinbase has outlined that its services will continue.

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Coinbase Earn still risks being labeled as security, warns Berenberg’s analyst

Coinbase Earn program is at risk of being labelled securities, according to investment bank Berenberg’s July 17 research note shared with CryptoSlate. Mark Palmer, the bank’s senior equity research analyst, wrote that Judge Analisa Torres ruling concerning Ripple’s XRP security status provides fodder for classifying Coinbase Earn as a security. On June 13, Judge Torres […]

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