In the ongoing legal dispute between Coinbase Global Inc. and the U.S. Securities and Exchange Commission (SEC), the XRP holder’s lawyer, John Deaton, has accused the SEC’s top official, Gary Gensler, of ‘gaslighting’ the public and disagreed with his stance on cryptocurrencies.The SEC rejected Coinbase’s rulemaking request based on three reasons. These reasons include applying […]
In a recent development in the ongoing dispute between Coinbase and the US Securities and Exchange Commission (SEC), the SEC has officially denied Coinbase’s request for new regulations regarding digital assets. In response, Coinbase has taken legal action by filing a petition in court to challenge the SEC’s decision.The SEC chairman, Gary Gensler, supported the […]
Coinbase, the popular cryptocurrency exchange, plans to take legal action against the U.S. Securities and Exchange Commission (SEC) after the regulator rejected Coinbase’s petition for specific regulatory rules for cryptocurrency transactions. Coinbase’s chief legal officer, Paul Grewal, criticized the SEC’s decision, calling it an “abdication of its duty.” Grewal highlighted the need for regulatory clarity […]
The United States Securities and Exchange Commission (SEC) has denied a petition from Coinbase, a cryptocurrency exchange, for a rulemaking on transactions involving cryptocurrencies that are considered securities. The petition, which was filed in July 2022, requested rules to regulate securities offered and traded through digital methods.SEC chair Gary Gensler announced the commission’s decision in […]
The Securities and Exchange Commission (SEC) has denied a rulemaking petition filed by Coinbase, a US-based crypto exchange. SEC Chair Gary Gensler supports the Commission’s decision, stating that existing laws and regulations already apply to the crypto securities markets. Gensler believes that the SEC addresses the crypto securities markets through rulemaking and emphasizes the importance […]
The US Securities and Exchange Commission (SEC) has denied Coinbase’s request for new cryptocurrency regulations. SEC Chair Gary Gensler stated that the existing rules are sufficient and apply to the crypto securities markets. Coinbase had filed a petition seeking regulatory clarity and a “yes or no” answer from the SEC, but the agency refused to […]
A former software security engineer at Amazon, Shakeeb Ahmed, has pleaded guilty to computer fraud charges in connection with the hacking of Nirvana Finance and another unnamed decentralized exchange (DEX). This marks the first conviction of its kind, with Ahmed being the first individual convicted for hacking a smart contract for a DEX.Ahmed exploited a […]
A former software security engineer at Amazon, Shakeeb Ahmed, has pleaded guilty to computer fraud charges in connection with the hacking of Nirvana Finance and another unnamed decentralized exchange (DEX). This marks the first conviction of its kind, with Ahmed being the first individual convicted for hacking a smart contract for a DEX.Ahmed exploited a […]
The Securities and Exchange Commission (SEC) has denied a rulemaking petition filed by Coinbase, a US-based crypto exchange. SEC Chair Gary Gensler supports the Commission’s decision, stating that existing laws and regulations already apply to the crypto securities markets. Gensler believes that the SEC addresses the crypto securities markets through rulemaking and emphasizes the importance […]
Cryptocurrency exchange Binance has announced that it will be ending support for its BUSD stablecoin on December 15, 2023. This decision comes as a result of regulatory crackdowns faced by BUSD, which is issued by Paxos. Binance will gradually phase out its relationship with the coin.In a notice issued by Binance, it was stated that […]
