SEC Archives

Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers – Regulation Bitcoin News

February 9, 2023 boss

Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.” Coinbase CEO Vocalizes Worry Over US Stifling Crypto Staking and Innovation Coinbase CEO Brian Armstrong said he has heard rumors that the U.S. Securities and Exchange Commission (SEC) plans to eliminate cryptocurrency staking for retail customers in the U.S. Armstrong…

First Mover Americas: Coinbase CEO Brian Armstrong Suggests SEC Could Ban Staking

February 9, 2023

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 9 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source

Ether Liquid Staking Tokens Jump on Rumors of SEC Ban for Staking Providers

February 9, 2023

The value of staked assets was about $42 billion in the fourth quarter of 2022, with annualized staking rewards of $3 billion, according to a report from Staked, a non-custodial staking service provider. That figure was not limited to just retail investors. Source

Lido DAO Governance Token Surges on Armstrong Comments About SEC Staking Ban

February 9, 2023

The SEC has declined to comment on rumors that it intends to classify tokens that allow staking as securities. Source

Coinbase's CEO Cites 'Rumors' the SEC May Ban Crypto Staking for Retail Customers

February 8, 2023

“I hope that’s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen,” Brian Armstrong tweeted Wednesday. Source

Crypto Exchange Kraken Facing SEC Probe, Settlement Could Come Soon: Bloomberg

February 8, 2023 boss

The SEC is in the late stages of an investigation of the company’s possible sale of unregistered securities, according to the story. Source

Will the SEC Convince a Court It’s Right to Label These Tokens as Securities?

February 8, 2023

“The tokens’ value is driven by market forces, not managerial efforts – as evidenced by the fact that the tokens are almost all functional (i.e., they can operate without any centralized intermediary) and that each experiences wide price fluctuations, regardless of the status of the underlying platform,” according to the motion. Source

Grayscale Files ‘Final’ Briefs In ETF Lawsuit Against SEC

February 8, 2023

Summary: Gary Gensler’s SEC rejected Grayscale’s Bitcoin exchange-traded fund application citing fraud and market manipulation concerns. The digital asset manager sought regulatory permission to switch its BTC spot trust index to an ETF, changing the product’s structure and reducing a huge discount on the asset. CEO Michael Sonnenshein promised his company would the SEC for its “capricious and discriminatory decision”. Crypto’s largest digital asset manager Grayscale recently filed final briefs in its lawsuit against the U.S. Securities and Exchange Commission for rejecting its Bitcoin spot ETF application. The company which…

SEC to up scrutiny of firms offering or giving advice about crypto

February 8, 2023 boss

Crypto brokers and investment advisors offering or giving advice about cryptocurrencies will be put under the scope of the United States’ securities watchdog this year. A Feb. 7 statement from the Securities and Exchange Commission’s (SEC) Division of Examinations outlined its priorities for 2023, suggesting brokers and advisers dealing in crypto will need to be extra careful when offering, selling or making recommendations regarding digital assets. It stated that SEC-registered brokers and advisors will be closely watched to see if they followed their “respective standards of care” when making recommendations,…

SEC Directs Examiners To Focus on How US Broker-Dealers Are Pitching Crypto

February 7, 2023

The SEC-registered investment firms offering or advising about cryptocurrencies will be a focus, and the regulator will make sure the companies “followed their respective standards of care when making recommendations, referrals, or providing investment advice,” according to a statement. Source BrokerDealersCryptoDirectsExaminersFocusPitchingSEC CryptoX Portal