Report: Crypto Exchanges Sell Coins Deemed Illegal by SEC
By | May 8, 2023
The crypto exchange asked a judge to compel the SEC’s answer whether existing rule-making processes would be extended to the crypto industry.
On April 24th, Coinbase Legal Officer Paul Grewal revealed that the firm filed a “narrow action” in US court seeking answers from SEC.
Coinbase has asked a court to compel the SEC to respond to its July 2022 petition that asked for clearer crypto regulation guidelines.
The filing is a preemptive move by the crypto exchange to argue that the SEC’s approach doesn’t provide sufficient regulatory guidance for U.S. crypto firms.
Armstrong said “anything is on the table” in terms of the crypto exchange’s plans should greater regulatory clarity not emerge in the U.S.
The US-based cryptocurrency exchange Bittrex faces potential enforcement action from the Securities and Exchange Commission (SEC), despite winding down its operations in the country. The SEC has accused the firm of acting as an exchange, broker-dealer, and clearinghouse without proper registration. This news comes on the heels of Bittrex’s decision to shut down its US …
Bittrex crypto exchange faces SEC action: Details Read More »
The future of crypto industry could hinge on one court case involving the Securities and Exchange Commission and Ripple, a provider of crypto solutions for businesses.
The U.S. Securities and Exchange Commission (SEC) is encouraging investors to exercise caution when dealing with crypto asset securities.
US-based crypto exchange Coinbase sought clarification regarding the crypto staking services via its letter to the US Securities and Exchange Commission (SEC).