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.
Latest Paul Grewal News
SEC asks Congress for more cash, takes legal lumps for fibbing in digital currency TRO
The SEC is asking Congress for $2.594 billion in funding for the coming year, justifying the boost based on the “significant growth and change in our markets.”
Coinbase protests as judge declares token trades are securities transactions
Coinbase filed a notice to Judge Polk Failla on March 5, saying that Judge Lin's ruling "was procured against an empty chair and its reasoning reflects as much."
SEC rejects Coinbase argument that ‘crypto’ needs new rules
The SEC's rejection of Coinbase's plea for a new framework borders on its failure to include the "text or the substance of any proposed rule" as mandated by the Commission's Rules of Practice.
Coinbase accuses SEC of jurisdictional overreach in last-ditch attempt to have suit dismissed
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.
Coinbase frets as US pols seek new weapons to fight ‘crypto’ terror financing
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.”
Celsius creditors approve restructuring, but SEC balks at Coinbase’s role
The U.S. Bankruptcy Court for the Southern District of New York was informed that Celsius's rank-and-file creditors had voted in favor of a plan, but the vote still needs the approval of the Court.
SEC has 120 days to respond to Coinbase request for regulatory guidance, rulemaking
The U.S. securities regulator has until October 11, 2023, to respond to Coinbase's petition on proposed crypto-specific rules before the Third Circuit move ahead with the ruling.
Coinbase CEO downplays VC arm’s role in token listing, clarifies ‘not a lawyer’
The Wall Street Journal recently released a video interview with Brian Armstrong the day after the U.S. Securities and Exchange Commission filed a lawsuit accusing Coinbase of operating an unregistered securities exchange, broker and clearing agency.
US House hearing pumps CFTC, dumps SEC, achieves little
The new bill aims to carve out clearly defined roles for both the CFTC and the SEC and stop the fight between these two agencies on who takes the lead in regulating digital assets.
SEC tells cranky Coinbase to take a time-out on digital asset clarity
The SEC’s response to a U.S. Third Circuit Court of Appeals stated that Coinbase failed to demonstrate that it’s owed “a clear and indisputable right” to a speedier response than normal.
Coinbase protests SEC custody proposal, loses customers’ ETH
Coinbase filed an official protest of plans by the U.S. SEC to expand the Investment Advisers Act of 1940 custody rules in order to “protect a broader array of client assets and advisory activities.”