‘US has left a vacuum that other countries are eager to fill’: Coinbase

With Coinbase seemingly on the verge of a court battle with the Securities and Exchange Commission (SEC), the firm has emphasized that the U.S. government’s hawkish approach to crypto regulation has “left a vacuum that other countries are eager to fill.’ The SEC issued Coinbase a wells notice on March 22 outlining that SEC staff [...]

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US Crypto Crackdown Could Stifle Innovation and Weaken Dollar

The recent Wells notice issued by the SEC to Coinbase, along with other legal threats against crypto firms, has raised concerns among industry experts that the US crackdown on cryptocurrencies could stifle innovation and weaken the dollar. Some believe that the regulatory environment in the US is driving jobs, investment, and innovation offshore, to countries like Singapore, Hong Kong, and potentially Australia. (Read More)

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ARK Invest Buys Coinbase Shares Despite Wells Notice

Investment management firm ARK Invest, led by Cathie Wood, has resumed buying shares of Coinbase, purchasing 268,928 shares worth $17.88 million through its ARKK Innovation and ARKW Next Generation Internet exchange-traded funds on March 23. This came just a day after Coinbase's stock price fell by 21% due to news of the company receiving a Wells notice from the Securities and Exchange Commission (SEC). (Read More)

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Cathie Wood’s ARK loading up on Coinbase shares again, buying $18M

ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year.

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Coinbase CEO on its Wells Notice: SEC is like soccer referees in a game of pickleball

Brian Armstrong made the interesting analogy when asked to explain the firm's recent "Wells Notice" in "NFL terms."

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SEC Informs Crypto Exchange Coinbase of Potential Securities Law Violations

The U.S. Securities and Exchange Commission (SEC) has sent Coinbase a “Wells notice” about potential violations of securities law. The Nasdaq-listed cryptocurrency exchange noted that, unlike what SEC Chairman Gary Gensler said, the securities regulator “will not let crypto companies ‘come in and register.’” Coinbase CEO Brian Armstrong explained: “A Wells notice typically precedes an [...]

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Breaking: Circle squashes rumors of planned SEC enforcement action

Rumors swirled on Twitter that the stablecoin issuer received a litigation notice from the U.S. securities regulator but a Circle executive rebuffed the claim.

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SEC drops case against Uniswap, marking a huge win for DeFi

Coinbase and Robinhood Crypto have also had their investigations dropped by the SEC Uniswap said it was a “huge win for DeFi” The move comes as the SEC undergoes a pro-crypto change of direction since US President Donald Trump took over office The US Securities and Exchange Commission (SEC) has dropped its investigation into Uniswap […]

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Crypto.com launches crypto custody trust service for US and Canadian institutions

The crypto custody service will be available to eligible Canadian and US institutions and high-net-worth clients The launch of the trust company is Crypto.com’s latest step in building their presence in Canada and the US Crypto.com has launched a crypto custody service designed to help build its presence in Canada and the US. According to […]

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Crypto.com sees strong legal footing in crypto rulings against SEC

Previous crypto rulings against the SEC have put Crypto.com on a strong legal footing in its lawsuit against the regulator, its chief legal officer Nick Lundgren said.

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Lawyer Expects SEC to Lose if It Sues Coinbase Due to ‘Fatal Flaw’ of Gary Gensler’s Own Making

A lawyer has explained why the U.S. Securities and Exchange Commission (SEC) will likely lose if the regulator takes crypto exchange Coinbase to court over alleged securities law violations. “The problem is entirely of Gary Gensler’s own making,” he stressed. Lawyer Expects SEC to Lose Against Coinbase in Court Lawyer James Murphy explained in a

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What is a Wells notice, explained

A Wells notice is not a final determination of guilt or wrongdoing, meaning that the recipient has the chance to respond and make a case before any administrative action is initiated. The Wells notice procedure, though, is a clue that the SEC is considering taking action, and how it turns out might have a big [...]

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Scaramucci: ‘We’re through the bear market’ as Bitcoin notches up 70% YTD

Following Bitcoin’s (BTC) stellar start to 2023, SkyBridge Capital founder Anthony Scaramucci believes “we’re through the bear market” and expressed confidence in his firm’s crypto investments. However, “the Mooch” qualified the statement by adding, “That is a guess. We don’t know.” In an April 6 interview with Yahoo Finance, Scaramucci noted that Bitcoin has consistently [...]

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Coinbase share price spikes 7.9% as Q1 results beat expectations

Crypto exchange Coinbase managed to significantly narrow its net loss in the first quarter of 2023, due in part to robust earnings from retail investor trading activity. The company’s net loss fell from $557 million in Q4 2022 to $79 million in Q1, partly attributed to a 22% increase in revenue to $736 million. The [...]

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