Tag: Respond

SEC has 10 days to respond to Coinbase complaint: Legal exec

Paul Grewal, chief legal officer of Coinbase, announced on May 4 that the Third Circuit has responded to the complaint against the United States Securities and Exchange Commission (SEC) regarding the need for clear rules for trading digital crypto assets. This marks a development in the legal battle for regulatory clarity. According to Grewal, the court’s response to their complaint against the SEC was a text-only order. The court has instructed the SEC to respond to Coinbase’s writ of mandamus within ten days. A writ of mandamus is a court order…

Industry heavyweights respond to UK’s crypto asset regulatory framework proposal

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The deadline has come for comments on a consultation paper and call for evidence released by the United Kingdom’s HM Treasury on a proposed crypto asset regulatory framework. The long-awaited paper, published in February, drew detailed responses from a variety of cryptocurrency industry players. Blockchain provider Polygon Labs, venture capitalists Andreessen Horowitz (a16z), the Association for Financial Markets in Europe (AFME) and the Digital Pound Foundation (DPF) released their responses on May 1 to the call for comments. Among these diverse voices, some common issues were raised. The Treasury’s call for…

Coinbase execs respond to SEC’s Wells notice in person and on video

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Executives of cryptocurrency exchange Coinbase took their company’s regulatory issues to the public on April 27, with chief legal officer Paul Grewal speaking at Consensus 2023 and appearing with CEO Brian Armstrong in a video released on YouTube. The appeal was in response to a Wells notice received by the firm, a notification by the United States Securities and Exchange Commission (SEC) that it may intend to carry out enforcement actions against it. “Coinbase’s core commitment to regulatory compliance has never wavered,” Grewal said in the video, which was addressed…

Bitcoin proponents respond to New York Times’ BTC mining report

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The New York Times’ latest report on Bitcoin (BTC) mining, titled “The Real-World Costs of the Digital Race for Bitcoin,” has irked many BTC proponents — some of whom took to Twitter to call out certain aspects of the report, including saying it was “cherry-picking” data. The NYT article says Bitcoin mining has a “voracious” appetite and claims it uses as much energy as all residences in New York City. In response, Daniel Batten — a Bitcoin environmental, social and governance (ESG) analyst — pointed toward what he said were…

Three Arrows Capital’s Kyle Davies Ordered to Respond to Subpoena Within 2 Weeks

Davies and fellow 3AC co-founder Su Zhu have previously been accused of refusing to engage in proceedings for the firm’s bankruptcy. “[Davies and Zhu] have made only selective and piecemeal disclosures … Refusal to cooperate violates their duties owed to Three Arrows,” said the hedge fund’s liquidators, Russell Crumpler and Christopher Farmer, in a court filing on Feb. 8. Source

ICO takes action against Lewisham Council for failing to respond to hundreds of Freedom of Information requests

The Information Commissioner’s Office (ICO) has issued an enforcement notice to the London Borough of Lewisham Council for failing to respond to hundreds of overdue requests made under the Freedom of Information Act (FOIA) 2000. The Council revealed the true extent of its poor performance on information access requests to the ICO, which was much worse than statistics it recently published online. At the end of 2022, the Council had a total number of 338 overdue requests for information, 221 of which were over 12 months old. The oldest unanswered…

Crypto projects respond to privacy coin ban in Dubai

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The Virtual Asset Regulatory Authority (VARA) recently provided the much-awaited guidelines for virtual asset service providers (VASPs) in Dubai, United Arab Emirates, which included a ban on privacy coins. On Feb. 7, VARA released several rulebooks for VASPs including the “Virtual Assets and Related Activities Regulations 2023” in which VARA mentioned a prohibition on privacy coins. In the document, VARA wrote:  “The issuance of Anonymity-Enhanced Cryptocurrencies and all VA Activity[ies] related to them are prohibited in the Emirate.” Cointelegraph reached out to several players within Dubai and a privacy protocol…

3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery – Bitcoin News

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According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows. 3AC Liquidators Frustrated With Lack of Response From Co-Founders A recent filing submitted to the New York bankruptcy court states that Kyle Davies, co-founder of 3AC, is obstructing or disregarding requests from the 3AC Liquidation team. Additionally,…

Sam Bankman-Fried Dares Senate Committee, Misses Deadline to Respond to Testimony Request

Former FTX CEO Sam Bankman-Fried faces a possible congressional subpoena after failing to respond to a Senate Committee request on the December 8 deadline. The current crypto villain Sam Bankman-Fried (SBF) has failed to respond to a request asking him to confirm if he’ll appear at a Senate Committee hearing due next Wednesday. But for some reason, the former FTX CEO missed Thursday’s 5 pm ET deadline. And as a result, he may have failed to show his willingness to be accountable to the American people. SBF’s decision to ghost…

Sam Bankman-Fried misses deadline to respond to testimony request, now what?

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Crypto’s public enemy number one, Sam Bankman-Fried has missed a crucial deadline to confirm his appearance at an upcoming Senate Committee hearing. The former FTX CEO missed a Thursday 5pm ET on Dec. 8, deadline for responding to a Senate Banking Committee request that he testify at the Committee meeting on Dec. 14. This has set up the possibility of a congressional subpoena. On Dec. 8, the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, and ranking member of the Committee Senator Pat Toomey released…