No surprises here: SEC claims against Coinbase to proceed
A U.S. federal judge ruled that the SEC had "sufficiently pleaded" that Coinbase operated as an exchange, broker, and clearing agency, and engaged in the unregistered sale of securities.
A U.S. federal judge ruled that the SEC had "sufficiently pleaded" that Coinbase operated as an exchange, broker, and clearing agency, and engaged in the unregistered sale of securities.
Drawing from previous cases involving securities, Consensys struck the SEC with a complaint as it seeks protection from the U.S. regulator's "administrative state to control innovative technologies."
The Gillibrand-Lummis bill intends to distinguish Tether and Circle as lawmakers look to allow state non-depository trust companies to issue stablecoins with market caps below $10 billion.
Under the IRS' latest tax rule, anyone considered a digital asset broker must prepare Form 1099-DA for customers who sell or exchange digital assets to ensure all gains and losses are being reported.
Partnering with Chainalysis, the IRS insisted on the need for digital asset sales to be reported on businesses' tax returns, threatening evaders with repercussions for non-compliance.
In a bid to gain voters' trust, Robert F. Kennedy Jr. has pledged to put the U.S. budget on blockchain to provide the public full transparency of the government's spending.
Last November, CZ and Binance reached a $4.3 billion settlement with the DoJ based on the exchange’s blatant violations of U.S. law that enabled money laundering, sanctions evasion and terrorist financing to a degree unmatched by other digital asset exchanges.
Uniswap is next to face legal wrath, with the U.S. securities regulator issuing a Wells notice, which the DEX founder claimed was no longer a surprise, citing the regulator's stance against exchanges.
While it has been proven that digital assets can be recovered in most circumstances, certain foundational principles and ideologues remain barriers to the retrieval process.
Owing to the surging alt-coins and the ETF hype, Coinbase ended 2023 with a full-year profit of $95 million, a significant recovery from the $2.62 billion loss it incurred in 2022.
Social media has seen the #DeleteCoinbase hashtag pop up, referencing a movement of crypto investors who are encouraging others to stop using Coinbase for a recent controversy around the exchange’s acquisition of Neutrino.
Cryptocurrency exchange Coinbase announced changes to its Coinbase Pro platform, one of which will be an increase in fees.