Binance Debuts Bitcoin NFTs Amidst SEC Lawsuit
Just one day after the U.S. SEC filed a lawsuit against them, Binance swiftly added bitcoin non-fungible tokens (NFTs) to its marketplace. The marketplace offers a variety of collections. These include BTC DeGods, Bitcoin Bandits, Bitcoin Frogs, Bitcoin Pizzas, and Bitcoin Punks, with over 25 collections of Bitcoin NFTs available. Bitcoin-related NFTs have gained significant […]
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 […]