Tag: SEC

Coinbase blasts SEC for ‘no straight answers’ following court order

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Coinbase has slammed the United States securities regulator for failing to answer questions asked in the U.S. Court of Appeals as part of its ongoing legal battle with the regulator. In a June 17 letter filed in the Court, lawyers for the crypto exchange accosted the Securities Exchange Commission (SEC) for continuing to offer “no straight answers” to the Court in relation to Coinbase’s rulemaking petition, which calls on the SEC to establish a regulatory framework for digital assets. “When ordered by this Court to address the stark inconsistency between…

Apple to fix gaming? SEC hates Metaverse, Logan Paul trolled on Steam – Cointelegraph Magazine

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Gaming on Macs to suck less Is Apple’s reign as the worst platform for gaming coming to an end? Amidst all the hype about their long-rumored VR/AR headset, slated for release in early 2024 (queueing outside the Apple Store starts in October), it’s not the only signal that Apple might finally be sorting out its subpar gaming offering. It’s also releasing software that will make it easier to play Windows games on Mac. Gaming on a Mac really sucks. Lots of games – particularly indie and early release ones –…

Hinmann documents unsealed in Ripple vs. SEC case, Binance faces more regulatory headwinds

During the past week, Coinbase and Binance encountered challenges due to increased regulatory scrutiny, coinciding with bearish market conditions following the US Securities and Exchange Commission’s (SEC) charges. Binance faced additional regulatory obstacles on a global scale, while its US-based counterpart, Binance.US, successfully settled with the SEC, preventing a complete freeze of its assets. The SEC also remained in the spotlight as a bill to remove chairperson Gary Gensler advanced through Congress. Significant developments also occurred in the SEC vs. Ripple case, as previously undisclosed internal emails about the Bill…

Coinbase demands SEC respond to rulemaking petition

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase is moving to gain an advantage in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The crypto exchange has responded to the commission’s request for an additional 120 days to reply to its rulemaking petition by filing a solid response in the U.S. Court of Appeals for the Third Circuit. Paul Grewal, Coinbase’s Chief Legal Officer, announced the filing, emphasizing that the crypto exchange cannot wait until next week’s deadline to…

Ripple boss sheds light on SEC and Hinman’s internal documents

On June 16, the Ripple CEO, Brad Garlinghouse, recently released a video on Twitter. Therein, he said, upon perusing Dr. Hinman’s emails, which were made public by the United States Securities and Exchange Commission (SEC) due to legal pressure, he felt compelled to document the information. Dr. Hinman, the SEC, and the regulatory measures concerning cryptocurrencies that the agency seems hesitant or incapable of implementing in the United States were all focal points of Garlinghouse’s revelations. Despite Garlinghouse’s infrequent video postings, he found it necessary to address the cryptocurrency community following a…

​SEC and Binance.​​US strike a temporary agreement on asset access

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Binance, Binance.US, and the Securities and Exchange Commission (SEC) reportedly revealed an agreement, late Friday, June 16, temporarily limiting access to customer funds exclusively to Binance.US employees. According to reports, the proposed agreement, pending approval from the overseeing federal judge, outlines measures for Binance.US to prevent any access by Binance Holdings officials to private keys of wallets, hardware wallets, or root access to Binance.US’s Amazon Web Services tools. Additionally, the U.S.-based crypto trading platform will disclose comprehensive information on business expenses, including estimated costs, in the upcoming weeks. The proposed…

Judge Signs Off on Binance, SEC Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore in Lieu of Restraining Order

Judge Jackson told the parties that it would be better for them to come to an agreement on a proposed stipulation than to have her craft a restraining order, which would come with a two-week time limit. Two weeks would give insufficient time to prepare, given the more than 4,000 pages of exhibits the parties have already filed, she said during a hearing earlier this week. Source

‘We had to change strategies,’ says SEC enforcement director on recent actions: Report

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Gurbir Grewal, director of the United States Securities and Exchange Commission (SEC) division of enforcement, has reportedly said the entire crypto industry was “built around noncompliance,” leading to enforcement actions. According to a June 16 Reuters report, Grewal spoke at an event hosted by law firm Lowenstein Sandler and Rutgers University Law School in New York, which also featured Coinbase chief policy officer Faryar Shirzad. The SEC enforcement director reportedly said the commission had worked “thoughtfully and incrementally” for actions related to the crypto space, but this approach had failed…