Major crypto exchange Binance has criticized crypto regulations in the US, calling on the country to follow in Europe’s footsteps and provide clearer rules. Speaking at the Financial Times’ Crypto and Digital Assets Summit in London on Wednesday this week, Binance’s Chief Strategy Officer Patrick Hillman took aim at US regulators, saying enforcement of crypto…
Read more
The US Chamber of Commerce backed Coinbase’s request for the US Securities and Exchange Commission to write rules for cryptocurrency in a recent court filing. The Chamber, which is the world’s largest business organization, said no one knows for certain which digital assets are securities under federal law…. Read More: US Chamber of Commerce Backs…
Read more
Coinbase’s chief legal officer called a newly proposed US rule tightening cryptocurrency custody requirements “misguided” and said some parts need to be changed. The Securities and Exchange Commission rule was proposed in February and would require registered investment advisers to keep crypto with a qualified custodian, which would mandate certain requirements such as segregating investors’…
Read more
Crypto exchange OKX included a subtle shot at Coinbase in a new global ad campaign titled “The System Needs a Rewrite.” Crypto exchange OKX has seemingly called out rival exchange Coinbase in a new global ad campaign that argues “the system doesn’t need an update; it needs a rewrite.” OKX’s message came at the end…
Read more
A former Coinbase product manager was sentenced to two years in prison in a one-of-a-kind insider trading case. Ishan Wahi, 32, of Seattle, Washington, was sentenced by U.S. District Judge Loretta A. Preska on Tuesday for providing Coinbase’s confidential information about upcoming crypto listings to his brother and his friend to then make profitable trades. ……
Read more
Major US-based crypto exchange Coinbase has praised the United Arab Emirates (UAE), saying the region has the potential to become a “strategic hub” for the company. Writing in a blog post over the weekend, Coinbase called the UAE “a centre of web3 innovation,” with the emirate of Dubai alone home to some 500 startups and…
Read more
“I think the U.S. right now is a little bit behind in terms of regulatory clarity and some of the rhetoric from the top,” said Brian Armstrong at the Dubai Fintech Summit. Following United States-based crypto exchange Coinbase announcing the launch of its global derivatives platform, key executives at the firm are meeting with industry…
Read more
A lawyer has explained why the U.S. Securities and Exchange Commission (SEC) will likely lose if the regulator takes crypto exchange Coinbase to court over alleged securities law violations. “The problem is entirely of Gary Gensler’s own making,” he stressed. Lawyer Expects SEC to Lose Against Coinbase in Court Lawyer James Murphy explained in a…
Read more
The US-based crypto exchange Coinbase is facing an “existential risk” as the Securities and Exchange Commission (SEC) continues its crackdown on the crypto industry, a financial analyst has warned. The warning from the analyst followed renewed concerns among Coinbase investors that tokens listed on the exchange could be considered securities under SEC rules, a change…
Read more
According to John Reed Stark, crypto exchange Coinbase’s assertions that its business activities were endorsed by the U.S. Securities and Exchange Commission (SEC) when it approved its initial public offering are “a surefire loser.” According to Stark, the SEC’s approval of Coinbase’s registration statement was done to ensure the latter had made “proper disclosures in…
Read more
