Coinbase Exec Stands Up for Ether Amid SEC’s Scrutiny
Coinbase’s Paul Grewal seeks the SEC not to restrict Ethereum ETFs, citing the SEC and CFTC’s previous identification of Ethereum as a commodity. Legislators in the United States have placed considerable pressure on the U.S. Securities and Exchange Commission (SEC) to halt the approval process for the spot Ethereum ETF. The likelihood of Ether ETF […]
Judge Authorizes Inquiry into Sullivan & Cromwell’s Ties with FTX
Court has approved an investigation of Sullivan & Cromwell’s conduct in the FTX bankruptcy, including an examination of potential conflicts and legal ethics. The bankruptcy court has granted authorization for a comprehensive investigation into the association between Sullivan & Cromwell LLP , a prominent law firm, and FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022. […]
Coinbase Cautions of Base Network Congestion, High Fee Menace
Base Network customers are witnessing a high gas hike due to another round of Coinbase congestion that caused related outages previously. The Base Network has experienced a surge in transaction fees as a result of an additional Coinbase congestion saga, as stated in a published Status Update. Coinbase Congestion Causes High Gas Fees The American cryptocurrency […]
Sam Bankman-Fried’s Defense Requests 6-Year Reduction
The legal team representing FTX founder Sam Bankman-Fried refuted the allegations made by the government and petitioned for a sentence reduction. Sam Bankman-Fried, the notorious FTX founder, has issued a vehement rebuttal to the government’s recommendation of a 50-year prison term in response to charges of financial misconduct. In a comprehensive letter to the court, Bankman-Fried’s legal […]
Ripple, Coinbase CLO Criticizes SEC for “Misleading” Courts
Ripple CLO Stuart Alderoty and Coinbase CLO Paul Grewal criticize the SEC for misleading courts in other lawsuits similar to the Debt Box case. In the Debt Box case, Ripple and Coinbase chief legal officers join the wider legal and crypto communities in condemning the U.S. Securities and Exchange Commission (SEC) for misleading the court and grossly […]