Tag: Coinbase

U.S. Chamber of Commerce Lines Up in Support of Coinbase Amid Exchange’s Push for Regulatory Clarity From SEC

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The U.S. Chamber of Commerce is supporting Coinbase’s efforts to secure regulatory guidance on crypto assets from the U.S. Securities and Exchange Commission (SEC). The top US crypto exchange filed a motion in court in April to compel the SEC to respond to an earlier petition from the company requesting guidance for the digital asset industry. Coinbase first submitted the petition for rulemaking last July but has yet to hear a “yes” or “no” answer to the request. This week, the Chamber of Commerce submitted a legal document known as an amicus…

Coinbase co-founder doubling down, buys $48.8m of COIN shares

Fred Ehrsam, co-founder of Coinbase and managing partner of Paradigm, has increased his stake in the crypto exchange by purchasing $48.8m of COIN shares, demonstrating steadfast confidence despite the stock’s volatile history. Coinbase co-founder buys more shares As per a United States Securities and Exchange Commission (SEC) filing, Ehrsam, who also is also the managing partner at Paradigm, bought COIN worth $48.8m in a series of trades this week. The acquisition saw Ehrsam secure an additional 810,000 Coinbase shares at prices ranging from $59.30 to $63.20 per share. These recent…

Coinbase establishes advisory council with former US lawmakers

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Following some of its leadership team visiting the United Arab Emirates, crypto exchange Coinbase has announced the formation of an advisory council staffed with many former United States lawmakers and industry leaders In a May 12 blog post, Coinbase said its Global Advisory Council would aim to navigate the “increasingly complex and evolving” crypto landscape globally. Former Pennsylvania Senator Patrick Toomey, former Ohio Representative Tim Ryan, former New York Representative Sean Patrick Maloney, and other industry insiders will sit on the council and advise the company on crypto policies. According…

Former Coinbase Employee Sentenced | Blockchain News

On May 9th, 2023, a federal judge in the United States District Court for the Southern District of New York sentenced Ishan Wahi, a former product manager at Coinbase Global, to 24 months in prison for insider trading. Wahi had used confidential information he obtained during his time working at Coinbase to profit off new listings of tokens, totaling up to $1.5 million. The judge, Loretta Preska, sentenced Wahi to two years in prison and ordered him to surrender by June 21st at 2:00 PM ET to serve his sentence…

‘The SEC’s actions have crippled a nascent industry’ — Paradigm requests amicus brief for Coinbase

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Paradigm, the crypto investment firm led by Coinbase co-founder Fred Ehrsam, has petitioned to file an amicus brief in support of Coinbase’s case against the United States Securities and Exchange Commission (SEC). In March, Coinbase received a Wells notice from the SEC, potentially leading to the financial regulator taking enforcement action against the U.S.-based crypto exchange. In response, Coinbase filed a complaint against the SEC in April seeking to compel the commission to provide clear regulatory guidelines for crypto firms operating in the country. The May 10 filing from Paradigm…

‘We screwed up’ — Coinbase CLO responds to outrage after exchange associated Pepe with hate groups

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Coinbase chief legal officer Paul Grewal has issued an apology after the crypto exchange sent out an email labeling the Pepe the Frog meme as a “hate symbol” — a move that prompted many users to call for a boycott. In a May 11 tweet, Grewal said Coinbase had “screwed up” in sharing information about the Pepe meme, which included that it had been co-opted by many alt-right groups as a hate symbol. According to the Coinbase CLO, the exchange was attempting “to provide a fact-based picture of a trending…

Coinbase Newsletter Irks Crypto Twitter by Pointing Out Pepe Meme’s Connection to ‘Alt-Right’

CryptoX – Cryptocurrency Analysis and News Portal “The token is based on the Pepe the Frog meme, which first surfaced on the internet nearly 20 years ago as a comic-strip character,” the Coinbase newsletter said. “Over time it has been co-opted as a hate symbol by alt-right groups, according to the Anti-Defamation League.” Source The post Coinbase Newsletter Irks Crypto Twitter by Pointing Out Pepe Meme’s Connection to ‘Alt-Right’ appeared first on CryptoX. CryptoX Portal