Coinbase sues SEC and FDIC over Freedom of Information requests

Coinbase is going on the offensive after the SEC and FDIC denied information requests filed under the Freedom of Information Act. 

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US House passes landmark FIT21 crypto bill with bipartisan support

The US House of Representatives has approved the Financial Innovation and Technology for the 21st Century Act (FIT21), a wide-reaching crypto regulation bill, with significant bipartisan support despite opposition from the White House and SEC.

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FIT21 Act opposed by SEC’s Gensler, cites risks to investors and markets

In a statement released Wednesday, Gary Gensler publicly expressed his dissent against the Financial Innovation and Technology for the 21st Century Act. Gensler’s statement highlighted the potential consequences of the FIT21 bill, stating that it “would create new regulatory gaps…

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SEC Chair Gensler opposes today’s FIT21 vote yet White House calls no ‘veto’

Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), issued a statement on May 22 expressing strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act.

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SEC's tough stance on crypto continues: Gary Gensler slams 'FIT 21' Act

Gary Gensler has opposed the “FIT 21” Act, citing regulatory gaps and risks to investors. SEC's crypto stance before the 2024 elections could majorly sway voter sentiment. As former PresThe post SEC's tough stance on crypto continues: Gary Gensler slams 'FIT 21' Act appeared first on AMBCrypto.

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SEC's Gensler Says House Bill Would 'Undermine' Regulator's Crypto, Capital Markets Oversight

The Financial Innovation and Technology for the 21st Century Act would hurt investors and hamper the U.S. Securities and Exchange Commission's work, SEC Chair Gary Gensler said Wednesday.

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Uniswap responds to SEC Wells notice: ‘We are ready to fight’ for DeFi

The company called for supporting U.S. lawmakers in favor of the Financial Innovation and Technology for the 21st Century Act, hinting the bill could nullify the SEC’s case.

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House expected to vote on crypto bill offering SEC, CFTC clarity in May

The Financial Innovation and Technology for the 21st Century Act passed out of committee in July 2023 but could be headed for a full floor vote in the U.S. House of Representatives.

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BlackRock argues SEC has no grounds to treat crypto futures and spot ETFs differently

BlackRock questioned the SEC's preference for the 1940 Act that oversees futures ETFs, and argued that it lacks relevancy to both crypto-spot and crypto-futures ETFs.

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Coinbase continues push to compel SEC to act on crypto rulemaking petition

Coinbase chief legal officer Paul Grewal has once again called for a mandamus to compel the SEC to respond to the firm’s crypto rulemaking petition.

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SEC launches proceedings to determine fate of spot Bitcoin ETFs, invites public comment

The U. S. Securities and Exchange Commission (SEC) submitted several filings on Sept. 28 that concern pending spot Bitcoin exchange-traded funds (ETFs). Those filings act as orders that institute proceedings through which the SEC will determine whether to approve or reject proposed rule changes.

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Bitcoin ETF Approval Demanded: Congress Urges SEC Chair Gensler To Act Now

In a bipartisan effort, members of Congress from both parties have sent a strong message to Securities and Exchange Commission (SEC) Chair Gary Gensler, urging the approval of Bitcoin (BTC) spot exchange-traded funds (ETFs) and an end to discriminatory practices.

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SEC objects to Coinbase’s proposed role in Celsius bankruptcy plan

The U. S. Securities and Exchange Commission (SEC) on Sept. 23 filed an objection to part of a reorganization plan advanced by bankrupt crypto firm Celsius. That filing indicates that Celsius aims to have the crypto exchange Coinbase act as a distribution agent and return funds to former users affected by its collapse.

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Pro-Crypto Nonprofit Advocates for Regulatory Clarity Ahead of Gary Gensler SEC Testimony

Coinbase's nonprofit Stand With Crypto has launched an ad campaign to rally support for the FIT21 Act ahead of SEC Chair Gary Gensler's congressional testimony, emphasizing the need for clear crypto regulation.

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The SEC is exceeding its authority and encroaching on Congress’ lawmaking: Senator Lummis

U. S. Senator Cynthia Lummis filed an amicus brief on August 11 supporting Coinbase’s motion to dismiss against the U. S. Securities and Exchange Commission (SEC) lawsuit. Drawing attention to the Lummis-Gillibrand Responsible Financial Innovation Act, which aims to regulate crypto, the Senator said that there are already ongoing debates in Congress on crypto regulation.

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XRP Army Outraged Over New Hinman Docs, Role Of Ethereum’s Joe Lubin

Empower Oversight, a watchdog group, has released a new batch of documents obtained through a Freedom of Information Act (FOIA) request yesterday, sparking outrage in the XRP community. The documents reveal a deeper involvement of Ethereum co-founder Joseph Lubin and his company, Consensys, in the controversial June 14, 2018, cryptocurrency speech by former SEC Director […]

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US committee passes crypto custody bill as Chancer presale accelerates

The US House Financial Services Committee has passed the “Keep Your Coins Act of 2023,” a significant piece of legislation for the cryptocurrency industry in the United States. The bill comes at a time when the US SEC has sustained an onslaught on crypto firms, including large companies like Binance and Coinbase.

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Landmark crypto legislation defines SEC, CFTC jurisdiction on digital assets, commodities

In a significant move for the digital asset ecosystem, the House Financial Services Committee passed the ‘FIT for the 21st Century Act,’ officially titled the “Financial Innovation and Technology for the 21st Century Act” on July 26.

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Op-ed: SEC’s lawsuit against Binance demonstrates scope of its crypto enforcement efforts

On June 5, 2023, the SEC filed an extensive civil complaint against Binance Holdings Limited, its assorted affiliates, and its beneficial owner and CEO, Changpeng Zhao, alleging multiple violations of the Securities Act of 1933 and the Securities Exchange Act of 1934.

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Why The Ripple General Counsel Demands Impartiality From SEC Staff

In a recent post, the Chief Legal Officer of Ripple, Stuart Alderoty, stated that legally federal employees must act impartially. As such, the United States Security and Exchange Commission (SEC) especially should comply with rigid rules.

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BitGo CEO Reveals Why He Wants Ripple to Win

As Ripple v. SEC lawsuit edges toward its final act, BitGo CEO Mike Belshe adds fuel to fiery debate within crypto world

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SEC snubs Coinbase’s seven-day rulemaking request but could act by October

The U. S. Securities and Exchange Commission (SEC) stated in a June 13 court filing that it has not yet decided on requests from Coinbase. SEC says it hasn’t decided on rulemaking In July 2022, Coinbase petitioned the SEC to engage in rulemaking for the cryptocurrency industry, seeking clear regulatory guidelines.

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Crypto industry leaders urge Congress to act on digital asset regulations amid SEC crackdown

The House Financial Services Committee will hear testimony from five key blockchain industry figures on June 13 as the U. S. government grapples with how to address an increasingly urgent regulatory problem.

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US lawmakers introduce bill to restructure SEC, remove Chairman Gary Gensler

U.S. lawmakers Warren Davidson and Tom Emmer introduced a bill on June 12 to restructure the U.S. Securities and Exchange Commission and remove its chairman, Gary Gensler. In a June 12 statement, the lawmakers stated that the bill, tagged “the SEC Stabilization Act,” would change the financial regulator’s current structure, ensuring its priorities protect investors’ […] The post US lawmakers introduce bill to restructure SEC, remove Chairman Gary Gensler appeared first on CryptoSlate.

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Gary Gensler had close ties to Binance’s CZ, offered to serve as exchange advisor: lawyers

Lawyers in Binance’s securities case claim that SEC chair Gary Gensler once offered to serve as an advisor to their company, CNBC said on June 7. Gensler met CZ, offered to act as Binance advisor The U.

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Coinbase Suffers Double Whammy As SEC And State Regulators Act Against Exchange For Unregistered Securities

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A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities

The five-page, bipartisan Securities Clarity Act by Representatives Tom Emmer and Darren Soto would significantly reduce uncertainty for both crypto investors and issuers, write Bain Capital Crypto’s Tuongvy Le and Khurram Dara.

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US Congressmen urge SEC to keep definition of ‘qualified custodian’ unchanged

Congressmen Michael Flood and Ritchie Torres wrote to SEC Chair Gary Gensler, urging him to keep custody rules unchanged. In February, the U. S. Securities and Exchange Commission (SEC) proposed specific changes to the Investment Advisors Act 1940.

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Coinbase has lodged a court petition requesting that the SEC respond to a rulemaking petition the firm had submitted in 2022.

Coinbase, a cryptocurrency exchange, has taken a proactive approach by filing an Administrative Procedure Act challenge against the U. S. Securities and Exchange Commission (SEC). In this filing, Coinbase requests that the Third Circuit Court of Appeals compel the SEC to provide clarity regarding how current securities laws could apply to digital assets.

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Do Kwon seeks SEC charges dismissal as S.Korea rules LUNA as non-security

The South Korean district court recently dismissed security violation charges against Terra co-founder Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act.

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US exempts World Bank’s IDA from SEC regulations

The U.S. has excluded the World Bank's International Development Association (IDA) from the requirements of the Securities Exchange Act of 1934 and the Securities Act of 1933.

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SEC Commissioner Hester Peirce Says Exchange Act ‘Undermines First Amendment’

The U.S. SEC commissioner Hester Peirce faulted the regulator's attempt to change the definition of "exchange." The post SEC Commissioner Hester Peirce Says Exchange Act ‘Undermines First Amendment’ appeared first on BeInCrypto.

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SEC reopens comments on proposed changes to “exchange” definition

The U. S. Securities and Exchange Commission has reopened the comment period on proposed amendments to its Exchange Act, as announced on April 14. SEC aims to broaden “exchange” definition The proposed change concerns the definition of “exchange” under Exchange Act Rule 3b-16, which in turn could impact certain cryptocurrency platforms.

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Ripple Lawsuit By SEC Influenced By JP Morgan? FOIA Request Further Delayed

A member of the XRP community filed a Freedom of Information Act (FOIA) request back in early August 2022 regarding communications between the U. S. Securities and Exchange Commission (SEC) and banking giant JP Morgan involving Ripple Lab and XRP.

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Gary Gensler spoke about cryptocurrency exchanges

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), rejected the idea that cryptocurrency platforms can act as qualified and secure custodians for investment advisors. During his speech at the meeting of the Advisory Committee of Investors, the official noted that the proposed rule prescribing investment consultants to contact qualified custodians makes important […] Сообщение Gary Gensler spoke about cryptocurrency exchanges появились сначала на Coinstelegram.

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Here's How XRP Price Could Act If Ripple Wins Against SEC, Lawyer Assumes

Ripple's court victory could lead to repeat of LBC's price action for XRP

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LBank Welcomes Nigeria’s Push to Recognize Crypto as Investment Capital

Nigeria has put forward a significant legislation design that will further facilitate cryptocurrency adoption in the country with over 200 million inhabitants. Why this matters: If the Investments and Securities Act, 2007 (Amendment) Bill passes, the Nigerian securities and exchange commission (SEC) will recognize cryptocurrencies and other digital assets as capital for investment.

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Former SEC Official Doubts FTX Crash Will Prompt Congress to Act on Crypto Regulations

Lisa Braganca, former SEC enforcement branch chief, discusses why regulation for crypto is likely to come from the SEC or CFTC rather than Congress and why SBF’s lawyers are “apoplectic.”

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Grayscale CEO Calling on Regulators to Act

Grayscale CEO has called for regulatory framework after filing new legal brief in its lawsuit against SEC

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US senator bill seeks to cushion crypto exchanges from SEC enforcement actions

The Digital Trading Clarity Act of 2022 aims to provide regulatory clarity around classifying digital assets and related liabilities under existing securities laws.

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SEC charges Hydrogen for profiting over $2M from market manipulation

The Securities and Exchange Commission (SEC) has moved to press charges against market making firm Hydrogen for allegedly manipulating the trading volume of its Hydro token to amass over $2 million from the illegal act.

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Thai SEC alleges Bitkub CTO committed insider trading

“The act of Mr. Wajanasathian is an offense of buying KUB coins by being a person who knows or possesses inside information,” said Thailand's financial regulator.

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SEC v. CFTC: U.S. Senators Introduced Act That Could Provide Clarity On Crypto Regulation

U. S. legislators have been stepping up their efforts to provide the crypto industry with a regulatory framework. A new bipartisan bill introduced by U. S. Senators Debbie Stabenow, John Boozman, Cory Booker, and John Thune is another step in that direction.

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SEC Hasn’t Subpoenaed Binance About BNB: FOIA Response

A Freedom of Information Act request by CoinDesk shows no record of a subpoena sent to Binance regarding BNB in 2022.

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SEC approves Valkyrie’s Bitcoin futures ETF

Last month, the watchdog gave the thumbs-up to Teucrium’s Bitcoin futures ETF, which is the first such vehicle to be approved under the ’33 Act.

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Valkyrie’s Bitcoin Futures ETF Gets SEC Approval, Following Teucrium Nod

Valkyrie’s approval came after using a different exchange act application, which helped Teucrium get the green light for its similar product.

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SEC Puts a Hurdle on Ripple’s Path As New Developments Spring Up

The U. S. Securities and Exchange Commission (SEC) has put a hurdle on Ripple’s way to getting charges against them dropped. On April 19th, 2022, the Commission filed a joint status report at the Eastern District of Virginia to delay the Freedom of Information Act (FOIA) litigation proceedings.

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Congressmen tell SEC redefining long-standing concepts would be bad for digital ecosystem

Republican House Financial Services Committee members are resisting proposed changes to the 1934 Exchange Act in a letter to the Securities Exchange Commission.

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WisdomTree Yet Again Amends Spot Bitcoin ETF Filing After SEC Rejection

The changes will apply “certain of the substantive requirements” of the 1940 Act to offer investors “significant protections” but won't be registered under the Investment Company Act. The post WisdomTree Yet Again Amends Spot Bitcoin ETF Filing After SEC Rejection first appeared on BitcoinExchangeGuide.

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