Is Crypto.com the Next Target of the SEC's Crackdown on Crypto Exchanges?
There is speculation that Crypto.com may be the next crypto exchange targeted by the SEC for violating laws regarding the sale of unregistered securities, due to the presence of similar "security tokens" on the platform and the fact that its native token, CRO, has not yet been considered a security by the SEC.
Gen Z Investors Favor Crypto, but Experts Warn Against Relying Solely on It
According to a joint report by the CFA Institute and FINRA, Gen Z investors prefer to invest in crypto due to their exposure to technology, social media, and easy investment access. However, experts warn that relying solely on crypto in an investment portfolio is risky due to its volatility.
Crypto Community Stands United with 'Stand With Crypto' NFTs Amid SEC Lawsuit Against Binance and Coinbase
The SEC has filed a lawsuit against Binance and Coinbase, accusing them of violating federal security laws. This has caused a drop in the value of cryptocurrencies and has left many token traders worried about future crypto regulations.
Moody’s Changes Outlook on Coinbase to Negative After SEC Lawsuit
Moody's has revised its outlook on Coinbase from stable to negative following the recent lawsuit by the US Securities and Exchange Commission.
Bitcoin Bulls Face Uphill Battle as Regulatory Scrutiny and Global Economic Crisis Loom
Bitcoin's recovery from the $25,500 support level on June 6 does not guarantee an easy breakthrough above $27,500. Investors anticipate stricter regulatory scrutiny following recent actions against Coinbase and Binance, with the US Securities and Exchange Commission (SEC) undertaking eight cryptocurrency-related enforcement actions in the past six months.
Solana Foundation Disputes SEC Classification of SOL Token As Unregistered Security
The Solana Foundation is challenging the SEC's classification of its SOL token as an unregistered security. The SEC has filed lawsuits against Binance.US and Coinbase for trading Crypto Asset Securities, including SOL. However, the Solana community at a recent event in New York City appeared unconcerned with the regulatory issues. The SEC also identified several other tokens, including Cardano, Polygon, and Filecoin, as securities in its lawsuits against Binance.US and Coinbase.
EOS Network Celebrates 5th Anniversary and Community Resilience Amidst Challenges
The team behind the EOS Network celebrated its 5th anniversary and emphasized the importance of the community in overcoming challenges. Despite raising over $4 billion during its initial coin offering, the project faced setbacks with the SEC and allegations of market manipulation.
Coinbase CEO Sold Shares Before SEC Lawsuit, Avoiding Losses
Brian Armstrong, CEO and co-founder of Coinbase, sold company shares the day before the SEC filed a complaint against the exchange for securities law violations. The sale caused controversy on Twitter, as Armstrong avoided a significant loss. However, it is unclear whether the trade was set up before the news of the SEC action was known to Armstrong. Armstrong has been regularly selling Coinbase stock since November under a pre-determined trading plan.
Shark Tank's Kevin O'Leary Would Fire Coinbase CEO Amid SEC Crackdown on Crypto
Kevin O'Leary, founder of O'Leary Ventures and investor on Shark Tank, has criticized Coinbase's CEO Brian Armstrong for "butting heads" with the SEC and said he would fire him if he worked for him. O'Leary believes that cryptocurrencies are "radioactive waste" for institutional investors until the SEC reaches an agreement with the leaders of the digital asset space.
SEC Asks Court To Allow ‘Alternative Means’ of Serving Documents on Binance and CEO as CEO Hides His Whereabouts
The U.S. Securities and Exchange Commission (SEC) is asking a court to allow "alternative means" of serving documents on cryptocurrency exchange Binance and its CEO Changpeng Zhao, as the executive is "known for protecting his whereabouts." The SEC on Monday sued Binance and Zhao for violating securities laws and asked the District Court for the District of Columbia to allow it to serve any legal documents during the investigation leading to the legal case by sending copies of the documents to attorneys representing the parties. The move hits the heart of the struggling crypto industry, with the SEC's regulatory web now covering $120 billion in cryptocurrencies following the actions by Coinbase and Binance.
