Tag Archives: sec

Cathie Wood’s Ark Investment Management has doubled down on its bullish stance on Coinbase, the largest cryptocurrency exchange in America. The investment management firm has purchased another pile of Coinbase (COIN) stock following a price dip caused by the recent SEC lawsuit against the exchange. Recall that the U.S. Securities and Exchange Commission (SEC) sued Coinbase on Tuesday, alleging that the firm failed to register as a national securities exchange, clearing...

Judge Fitzgerald reject arguments from Kim Kardashian and Paul Pierce’s lawyers to dismiss the EMAX class-action lawsuit. A California judge has ruled that Reality TV star and businesswoman Kim Kardashian posted false information on social media while promoting EthereumMax (EMAX). The ruling allows the plaintiffs to proceed with the case against the media personality, retired boxer Floyd Mayweather Jr., and NBA Hall of Famer Paul Pierce. Kardashian’s attorneys had moved to dismiss the...

Crypto market prices have tumbled significantly since the news began to make rounds. Altcoins like Solana (SOL), Cardano (ADA), Polygon (MATIC) and many other tokens face the possibility of being delisted from Robinhood Markets Inc (NASDAQ: HOOD), after the United States Securities and Exchange Commission (SEC) charged Binance and Coinbase Global inc (NASDAQ: COIN) for trading unregistered securities.  At present, Robinhood is taking another look at the digital assets offerings on its...

While Binance saw the acquisition of Gopax as a means of re-entering South Korea, it was also meant to be a turning point for the local trading platform. The SEC’s lawsuit against Binance has started affecting the company’s operations, particularly its acquisition of Gopax in South Korea. The US Securities and Exchange Commission filed a case against Binance for violating securities law. According to the filing with the federal court in Washington, Binance mishandled investors and also...

Many crypto exchanges including Binance believe that the SEC’s requested relief will do more harm to investors than good.  The United States arm of the Binance exchange, Binance.US has responded to the lawsuit filed against it by the Securities and Exchange Commission (SEC). According to Binance.US, the lawsuit is without any basis and therefore, the exchange is ready to go to court to refute all of the unwarranted accusations. In light of facts, the law at the time, as well as the SEC’s...

Coinbase CEO Brian Armstrong is not shaken by the U.S. Securities and Exchange Commission (SEC)’s new lawsuit against his exchange. Both the executive and his company responded with brief arguments on Monday as to why Coinbase will reign victorious in its legal battle with the regulator.  A Chance to Win Clarity In a tweet on Tuesday, Armstrong said that Coinbase would be “proud” to represent the crypto industry in its SEC court battle, and to “to finally get some clarity...

The U.S. Securities and Exchange Commission (SEC)’s charges against Coinbase are largely reminiscent of its Binance case from just a day prior –  but also contain some key differences.  Here’s a closer look at the text and implications of the commission’s 101-page lawsuit against America’s largest crypto exchange. Coinbase and Binance: Lawsuits Compared Much like the Binance lawsuit on Monday, the SEC’s first charge against Coinbase was for serving functions of a broker,...

Die Coinbase-Aktie rutscht ins Minus. Wandern Kunden ab zu anderen Bitcoin-Börsen? Alle reden über Binance, dabei kommt jetzt heraus, die US-Börsenaufsicht verklagt auch Coinbase. Für Binance ist dies easy, theoretisch kann Binance Kunden mit US-Pass oder Wohnsitz einfach ausschliessen. Das haben schon viele Bitcoin-Börsen wie bsp. KuCoin oder Coinmama so gemacht. Aber im Falle von Coinbase ist dies anders, denn Coinbase ist ziemlich amerikanisch...

Coinbase (COIN) fell 13% on Tuesday after the U.S. Securities and Exchange Commission (SEC) launched a major lawsuit against the firm for violating securities laws.  Yet the agency isn’t alone: Alabama’s securities regulator is also targeting Coinbase, specifically for its failure to register its staking product.  The Need for Registration In a separate filing on Tuesday, the Alabama Securities Commission (ASC) announced that it had issued a “Show Cause Order” against...

The new lawsuit against Coinbase is coming only a few hours after the SEC sued Binance for violation of the same US securities rules. American publicly listed crypto trading platform Coinbase Global Inc (NASDAQ: COIN) has come under the radar of the United States Securities and Exchange Commission (SEC) once again. This time around, Coinbase was indicted in a New York Federal Court earlier today for operating as an unregistered national securities exchange and broker according to the...