Another crypto lawsuit: SEC goes after Coinbase
U.S. SEC has filed a crypto lawsuit against Coinbase Exchange less than a day after suing Binance. U.S. The new lawsuit comes as a climax of the tension that has been there between the regulator and Coinbase for the past several months.
CZ laments SEC’s attack on Crypto
Binance CEO Changpeng Zhao (CZ) has expressed concern with the U.S. SEC after it sued the U.S. installment of the exchange. This branch has been operating away from the international one offering lesser crypto assets to comply with the U.S. regulations.
Elon Musk hit with a new Dogecoin-related lawsuit
Twitter CEO Elon Musk has been sued for Dogecoin market manipulation. The lawsuit says that Musk willingly used Dogecoin as the Twitter logo to drive its market numbers
Crypto regulation in Indonesia to include tourists
Crypto regulation in Indonesia has taken a new turn as Bali Governor issues a stern warning to tourists who are using crypto assets as substitutes for money in the country. He hosted a press conference on May 28 explaining that the crypto remains illegal in the...
Crypto and finance experts reflect on U.S. crypto regulation efforts
Crypto regulations in the U.S. have been a hot discussion point in the past months, with specialists citing harsh regulation. In under 6 months, the U.S. regulators, including but not limited to SEC and CFTC, have charged numerous high-profile individuals and organizations in the U.S.
US Chamber of Commerce files a brief in support of crypto for SEC vs. Coinbase proceedings
The U.S. Chamber of Commerce has just filed a brief in Coinbase v. SEC case, calling out the SEC for acting "unlawfully" in the digital asset space. Coinbase case to save crypto from unfriendly regulation? The U.S. Chamber is a highly influential organization...
Trillion dollar coin: The new savior in the US debt crisis?
The Treasury has been weighing its options in the wake of the ongoing financial crisis with a trillion-dollar coin being in the cards. However, that move has not been welcomed by many as some nations are moving away from the US dollar which could lead to de-dollarisation and stripping off of its stature as the world reserve currency.
Bittrex files for bankruptcy in the US weeks after SEC lawsuit
Bittrex crypto exchange has revealed that they have filed for bankruptcy, and the Treasury’s Office of Foreign Assets Control is its largest creditor.
Coinbase seeks to introduce an international presence in UAE
Coinbase Executives have visited the United Arab Emirates to see if the country would be favorable to setting up their global presence. Due to regulatory uncertainties, the crypto exchange has been looking for alternatives to the U.S. and now is weighing whether the UAE could be a perfect match for it.
Coinbase faces a lawsuit over alleged privacy violations
A class action lawsuit has been proposed against Coinbase regarding the violation of customer privacy via biometrics collections. The lawsuit claims that the company went against the privacy laws set in Illinois when it collected and stored its users' fingerprints and...
SEC’s Gary Gensler seeks $2.4B in funding to ‘streamline’ crypto
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says the regulator needs extra funding to keep up with emerging capital markets like crypto. He has supported President Biden’s request to add $2.4B in funding to the SEC to help crack down on crypto “misconduct.”
FTX allowed to sell $45M subsidiary, Sequoia Capital
A Delaware bankruptcy judge has ruled to allow FTX to sell Sequoia Capital Fund to the Abu Dhabi investment arm.