Tag: coinbase
SEC puts Coinbase on notice and other TC news
Welcome to another episode of The TechCrunch Podcast where we break down the biggest stories in tech news with the people who cover it. This week, I talk with Taylor Hatmaker about the TikTok CEO’s congressional testimony and Jacquelyn Melinek is here to catch us up on everything that’s been going on in crypto, from […]
SEC puts Coinbase on notice and other TC news by Darrell Etherington originally published on TechCrunch
Coinbase execs weigh in on the crypto’s future in US amid regulatory scrutiny
If the crypto industry doesn’t get clear rules of the road, expertise will move offshore, experts say.
Coinbase execs weigh in on the crypto’s future in US amid regulatory scrutiny by Jacquelyn Melinek originally published on TechCrunch
Key Words: Coinbase CEO takes to Twitter to highlight work with SEC before regulatory warning
Coinbase Warned By SEC of Potential Securities Charges
Coinbase described the investigation as “cursory,” and said the Wells notice provided relatively little information about potential violations. “Although we don’t take this development lightly, we are very confident in the way we run our business — the same business we presented to the SEC in order for us to become a public company in 2021,” Coinbase Chief Legal Officer Paul Grewal said in a blog post. The company said that until the resolution of any legal processes, the exchange’s offerings would continue to operate as usual.
Read more of this story at Slashdot.
Crypto: Coinbase stock sinks 16% after crypto exchange discloses SEC warning
The SEC has put Coinbase on notice for allegedly breaking securities laws
Coinbase execs revealed today that the crypto exchange has received a “Wells Notice” from the Securities and Exchange Commission, indicating that after an investigation, the agency’s staff plan to recommend some kind of enforcement action. That could include charges or lawsuits, but none of that has happened yet.
Last month, the SEC reached a settlement with Kraken over its crypto staking operation, where the company paid a $30 million fine and shut down US operations right around the same time it sent another Wells Notice to the crypto firm Paxos over its minting of the Binance USD (BUSD) token.
So what happens next? We avail ourselves of the court system to finally start to get some clarity for the crypto industry in the U.S….
Coinbase stock drops after SEC Wells notice, a possible prelude to ‘enforcement action’
American crypto giant Coinbase received a Wells notice today from the Securities and Exchange Commission. In the wake of Coinbase’s filing regarding the Wells notice, shares of the company are off sharply in after-hours trading. Per a Coinbase SEC filing regarding the matter, the company writes that the government agency’s staff has “advised the Company that […]
Coinbase stock drops after SEC Wells notice, a possible prelude to ‘enforcement action’ by Alex Wilhelm originally published on TechCrunch
Coinbase had $240B cash balance at Signature Bank, expects full recovery
Coinbase is adding another layer to its business through the blockchain space
This week big news rolled out in the layer-2 blockchain space as Coinbase launched Base, an Ethereum-focused layer-2 blockchain.
Coinbase is adding another layer to its business through the blockchain space by Jacquelyn Melinek originally published on TechCrunch