While Tether attempts to disassociate itself from entities and individuals on Office of Foreign Assets Control’s SDN list, Coinbase is acting tough as it continues to show its rejection of the Office's sanctions list.
As a dramatic 2023 for digital assets draws to a close, CoinGeek speaks with Stephanie Breslow, co-author of 'Hedge Funds: Formation, Operation and Regulation' and partner at U.S. law firm Schulte Roth & Zabel, on the state of digital asset regulation in the U.S. at the court cases defining it.
In the latest charges against COPA members, Kraken was charged by the SEC on November 20 over illegally selling digital asset securities and comingling customer and corporate funds.
The U.S. Securities and Exchange Commission has charged Kraken and Coinbase with selling unregistered securities, revealing asset risks and regulatory challenges, as industry leaders grapple with compliance issues and fiscal discrepancies.
On November 15, New York DFS issued the final version of its "Guidance Regarding Listing of Virtual Currencies" for entities approved to operate in New York under the BitLicense program.
U.S. regulators made their stance about 'crypto' clear, with the SEC taking 784 enforcement actions against 'crypto' firms and individuals in 2023, while the CFTC filed 96 digital asset cases.
Kazakhstan is prohibiting access to Coinbase due to violations of digital asset laws, citing specific provisions prohibiting unsecured assets and exchanges lacking required permits.
Coinbase marked its seventh consecutive quarter in which it failed to turn a profit, with the latest figures showing a 4.8% drop in its revenue in Q3.
In a filing with the U.S. District Court for the Southern District of New York, Coinbase blasted the Securities and Exchange Commission for what it claimed is a broad interpretation of a security when it comes to digital assets.
Digital asset exchange Coinbase issued a blog post on October 17 emphasizing its commitment to “rooting out bad actors seeking to use crypto for illicit purposes.”
Dr. Craig Wright squared off in court against the Crypto Open Patent Alliance in September over a number of applications made by both sides, ending with a ruling which saw the court slap down COPA’s most significant requests.
The regulators have filed an amicus brief supporting the U.S. securities regulator’s case against Coinbase, accusing it of attempting to "narrow and misapply" established legal framework to avoid regulatory obligations."
