Coinbase Stock Drops After SEC Sues Crypto Exchange
Shares of Coinbase are down 20% after the Securities and Exchange Commission sued the crypto company for allegedly violating securities law. At the time of writing, shares had dropped to an intraday low of $46.43. However, they have recovered slightly and are currently trading at $50.14. As a result, the corporation’s market capitalization now stands […]
US SEC Files Lawsuit Against Coinbase Crypto Exchange
The Securities and Exchange Commission (SEC) of the United States has filed a lawsuit against the New York-based cryptocurrency exchange Coinbase for offering unregistered securities. Coinbase, according to the SEC lawsuit, has never registered as a broker, national securities exchange, or clearing agency, thereby circumventing the disclosure scheme for securities markets. The SEC alleged that […]
SEC Sues Binance, CZ for Securities Violations
The U.S. Securities and Exchange Commission (SEC) has taken legal action against Binance and its CEO, Changpeng Zhao (CZ). According to a Bloomberg article, the SEC has filed a lawsuit against Binance Exchange and CZ for violating U.S. securities laws. The lawsuit covers both the foreign and U.S. activities of the trading platform. The SEC […]
MetaLawMan: Why Coinbase may win a Lawsuit against SEC
A crypto-friendly legal analyst reveals how SEC Chairman Gary Gensler’s congressional appearance could weaken the commission’s case against Coinbase. According to a legal analyst on Twitter with the pseudonym @MetaLawMan, If the Securities and Exchange Commission (SEC) decides to sue Coinbase in the U. S., it may lose. In his statement to Congress on May […]
SEC Demands Increased Monitoring of Cryptocurrency Assets
The U.S. SEC has urged financial professionals to exercise enhanced scrutiny when recommending high-risk or complex products. The Securities and Exchange Commission (SEC) has urged financial professionals to exercise “enhanced scrutiny” when recommending complex or risky products, such as cryptocurrencies or “crypto asset securities” as the agency has described them. The SEC recently emphasized the […]