Winklevoss Twins: Crypto War may doom Democrats In 2024
The Winklevoss twins, co-founders of the crypto exchange Gemini, have warned that the Democrats’ hostile approach to crypto regulation could backfire and hurt their chances of winning the 2024 presidential elections. They also argued that the Democrats risk losing the support of young voters, the biggest crypto adopters, and a key party demographic. The Democrats’ […]
Coinbase Defies SEC Lawsuit, Vows to Continue Staking Services
Coinbase faces legal action from the SEC for operating as an unregistered securities exchange, broker, and clearing agency. The company also allegedly offered unregistered securities through its staking program. However, Coinbase’s CEO and Chief Legal Officer maintain that the exchange is compliant and will not cease operations. The Securities and Exchange Commission (SEC) issued a […]
Paradigm Files Amicus Brief in US SEC Suit Against Terra and Do Kwon
Paradigm, a crypto-focused investment firm, has filed an amicus brief in the US SEC lawsuit against Terraform Labs and its co-founder Do Kwon, challenging the SEC’s theory that stablecoins are securities. The venture capital firm was never invested in the Terra ecosystem and will support neither the SEC nor Terra and Do Kwon in the […]
Bittrex reportedly faces potential action from US SEC
Cryptocurrency exchange Bittrex is reportedly facing potential action from the U.S. securities regulator despite its plans to cease local operations in the country. The enforcement division of the U.S. Securities and Exchange Commission (SEC) is inclined to recommend the agency sue Bittrex for alleged investor protection violations, according to an April 16 report by The […]
Kraken reportedly faces probe over possible securities violations
According to reports, the United States Securities and Exchange Commission is apparently looking into certain securities offerings sold by cryptocurrency exchange Kraken if they broke any regulations. The investigation pertains to specific services that Kraken has made to customers in the United States, according to a Feb. 8 Bloomberg article. According to a source with […]