Coinbase Calls for Open Dialogue in Response to SEC Wells Notice
Coinbase has responded to the Wells Notice issued by the SEC, stating that the SEC has not provided clear guidance to crypto companies and has not complied with the law by providing a way to register. The company is prepared to defend itself in court but has called for dialogue instead of enforcement. Coinbase has also taken action against the SEC in the form of a federal court filing to respond to a pending rulemaking petition filed in July 2022, asking for overdue guidance for the crypto industry. The firm was granted a regulatory license to operate from the Bermuda Monetary Authority and has hinted at a possible move offshore if America's war on crypto intensifies.
Coinbase Warns SEC It Will ‘Exhaust All Avenues’ If Sued
In a lengthy response to the Securities and Exchange Commission’s March Wells notice — which signaled the agency’s plans to bring an enforcement action — Coinbase said that it would be “a well-resourced adversary that will necessarily be motivated to exhaust all avenues.”
Coinbase Responds to SEC's Wells Notice: We Didn't List Securities
The firm stated that it would vigorously defend itself against the SEC's allegations and stand up for the rule of law.
SEC Action Against Coinbase Would Be Bad for America, CEO Armstrong Warns
The SEC recently gave Coinbase official notice that the San Francisco-based company is under investigation for its Earn product, wallet service and exchange activity.
Coinbase Will Be 'Best Investment' Over Next Five Years: Boost VC's Adam Draper
Managing partner of Boost VC and early Coinbase (COIN) investor Adam Draper thinks the crypto exchange will be the “best investment” over the next five years as he emphasized the value of a long-term investment strategy.
Coinbase Shares Wells Response, Challenges SEC's Change in Attitude Towards Its Core Businesses
On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March.
Crypto Morning Briefing: UK Treasury Opens Tax Policy Consultation on DeFi Staking and Lending
Robinhood Introduces Robinhood Connect To Enhance DeFi Accessibility; Circle Policy Head Shares Key Predictions on Potential Digital Euro; Shiba Inu Whales Unload Billions Amid SHIB Price Retreat
Coinbase CEO Hits Back At U.S. SEC, Says “Coinbase Does Not List Securities”
On Thursday, in its formal response to a Wells Notice received from the Securities and Exchange Commission (SEC), Coinbase Global Inc. firmly stated that it has not violated any securities laws. The California-based crypto exchange was recently issued an official notification by the SEC that it is being investigated for its Earn product, wallet service, and exchange operations.
NY Investment Bank Says ‘Crypto Winter Is Over,’ Bullish Outlook for Coinbase
According to Wainwright analyst Mike Colonnese, markets “have likely now entered BTC's next bull price cycle which has historically resulted in significant growth in total crypto market cap, incremental retail and institutional adoption, and higher crypto trading volumes.”
Coinbase CEO Brian Armstrong to Gensler's previous crypto comments: 'Wow'
Another old video of Gensler lecturing on cryptocurrency at the Massachusetts Institute of Technology gained traction online this week. In the 42-second clip, Gensler said that a wide swath of the crypto market are commodities, not securities.
