Apple unveils the Vision Pro, iOS 17 brings new features, and WhatsApp launches Channels

techcrunch.com Hello, friends, and welcome to Week in Review, TechCrunch’s regular digest of the top tech news over the past several days. Sign up here to get it in your inbox every…

This Week in Coins: Market Crashes as SEC Slams Binance and Coinbase

decrypt.co Crypto markets crashed hard this week on news that the U.S. Securities and Exchange Commission had launched enforcement actions against Binance on Monday, followed by…

Why the SEC is going after crypto exchanges Coinbase and Binance

npr.org Wall Street's top cop is determined to bring crypto to heel. He just took a big shot Since Gary Gensler became Wall Street's top cop two years ago, his message to…

US targets Binance and Coinbase

theguardian.com For years, US financial regulators couldn’t agree on what to do about cryptocurrency. They wanted to do something, but couldn’t agree on what crypto was – a security, like a…

Moody’s warns Coinbase faces serious consequences

blockworks.co Ratings agency Moody’s slashed Coinbase’s outlook to “negative” from “stable” two days after the Securities and Exchange Commission alleged that the exchange operated as an…

Now might be a good time to consider quitting crypto

vox.com For a long time, the crypto industry has been a Wild West with few regulations and laws governing it — a fact that many crypto enthusiasts saw as a feature, not a bug.…

Robinhood Joins Coinbase in Saying It Tried to 'Come In and Register' Like SEC Wanted

coindesk.com and Binance accused of running illegal exchanges by the U.S. Securities and Exchange Commission (SEC), the latest industry testimony in the U.S. House of Representatives…

Gensler: Crypto firms know exactly how to register, they just don’t want to

blockworks.co SEC Chair Gary Gensler defended his agency’s recent enforcement actions against Binance and Coinbase and issued a stark warning to any other businesses operating in the…

Coinbase legal chief sees a big hole in the SEC's crypto securities claims - The Block

theblock.co Episode 54 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Coinbase Chief Legal Officer Paul Grewal. Listen below, and subscribe to The Scoop on…

Is it still safe to invest in crypto in the U.S.?

marketwatch.com Hi everyone, welcome back to Distributed Ledger. This is Anushree Dave, I write about digital assets at MarketWatch. It’s been an eventful week for crypto. Earlier this…

Coinbase legal chief Paul Grewal says SEC ‘misread the law’

cryptoslate.com Coinbase chief legal officer Paul Grewal believes that the SEC has “misread the law” when it comes to labeling many cryptocurrencies as securities and the “status of crypto…

The SEC’s situationship with Binance and Coinbase keeps getting messier

techcrunch.com Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more. Welcome back to Chain Reaction. It’s been quite a long week (and it’s not over yet). Unless you…

The SEC Cracks Down: Can Crypto Survive In Biden’s America?

vox.com The Securities and Exchange Commission sued Coinbase on Tuesday, accusing the crypto giant of operating as an unregistered securities exchange, broker, and clearing agency,…

Coinbase Informed About SEC Charges Minutes Before Its Legal Officer Was To Present Draft Bill to Congress

dailyhodl.com Paul Grewal, Coinbase’s chief legal officer, was informed of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against his company less than an hour before he was…

As SEC brings charges against Binance and Coinbase

marketwatch.com Last year, Bitcoin tumbled from its 2021 perch — and 2022 ended with the implosion of the cryptocurrency exchange FTX. This week, the Securities and Exchange Commission sued…

Gary Gensler's SEC cracks down on Coinbase and Binance

reason.com On Tuesday, the Securities and Exchange Commission (SEC), headed by Gary Gensler, sued crypto exchange Coinbase for not registering as a securities broker. The day prior,…

Pro-Ripple Lawyer Highlights Monumental Day for Crypto Due to These Three Events

u.today XRP enthusiast and crypto lawyer Bill Morgan has highlighted a monumental day for cryptocurrencies based on upcoming events. Morgan noted that Binance's response to the…

Coinbase shares ‘uninvestable in the near term,’ analyst says

blockworks.co As one analyst lowered his price target for Coinbase by nearly 30%, another described recent sell-offs of the crypto exchange’s shares as “overdone.” Mark Palmer, an analyst…

Coinbase (and crypto’s) fate hangs by a string: A Deep Dive

coinjournal.net Key Takeaways Coinbase is down 86% from its $100 billion IPO valuation It has significantly underperformed Bitcoin, Ethereum, the Nasdaq and almost every benchmark since…

Crypto Now Braced For Another SEC Bombshell That Could Create Chaos For The Price Of Bitcoin, Ethereum, BNB And XRP

forbes.com Bitcoin , ethereum and other major cryptocurrencies BNB and XRP have been left reeling by a devastating one-two punch by the U.S. Securities and Exchange Commission (SEC)…

Robinhood To Review Its Crypto Listing Amid SEC’s Crackdown On Exchanges

bitcoinist.com As the crypto regulatory atmosphere in the US grows increasingly cloudy, prominent stock exchanges and brokerage firms like Robinhood are beginning to rethink their…

Community Urges Coinbase to Relist XRP as Ripple CTO and General Counsel Highlight Major Development

thecryptobasic.com XRP enthusiasts are calling on Coinbase to release XRP following the exchange’s legal woes against the SEC. Top Ripple executives have reacted to a recent court order…

Republican crypto bill a ‘10x improvement’ on all others: Messari CEO

cointelegraph.com Messari CEO Ryan Selkis has praised a newly proposed Republican crypto bill, commenting it is a “10x improvement” on all other crypto bills introduced to the United States…

Bitcoin falls below US$27,000; Ether, all top 10 cryptos slide amid SEC lawsuit fallout

forkast.news Bitcoin retreated on Thursday morning in Asia in a broad-based sell off that hit all the top 10 non-stablecoin cryptocurrencies and reversed the gains seen Wednesday amid…

Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe

reuters.com [1/2] Brian Armstrong, CEO and Co-Founder of Coinbase, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David…

UK Regulator’s New Crypto Rules Include ‘Cooling-off Period’ for Investors

blockworks.co The UK’s top finance regulator is currently in the process of finalizing rules concerning crypto marketing. This action is being taken because it says that there is a…

Coinbase has no plans to delist assets or end staking service

cryptoslate.com Coinbase executives have stated that their company does not intend to end support for tokens and services named in a securities case. Coinbase doesn’t intend to reduce…

Swan Bitcoin Customers Struggle to Buy BTC

blockworks.co Swan Bitcoin appears to have been struggling as the company has moved to transfer all of its assets to two new custodians — even as its CEO harshly criticized other crypto…

Blockchain Association members say courts will prove SEC, Gary Gensler wrong

cryptoslate.com Members of the Blockchain Association have commented on recent actions from the U.S. Securities and Exchange Commission (SEC). CEO says Gensler will be proven wrong The SEC…

Coinbase chief legal officer expects new crypto laws to come in wake of SEC lawsuits

techcrunch.com Coinbase, the second largest crypto exchange globally, is pushing for regulatory clarity in the crypto ecosystem, even as it’s fighting some legal battles of its own. The…

Coinbase Chief Says SEC ‘Tone’ Changed Ahead of Lawsuit

pymnts.com Coinbase’s CEO says the SEC changed its attitude toward his company before the regulator’s recent lawsuit. “We had many discussions within the last year when their tone…

ARK Invest buys Coinbase shares the same day SEC serves lawsuit

cointelegraph.com The same day cryptocurrency exchange Coinbase was served with a lawsuit from the United States Securities and Exchange Commission, ARK Invest added more stock to its…

Coinbase executives defend platform, say crypto sector lacks clear set of guidelines

theglobeandmail.com Coinbase executives on Wednesday defended the company against a lawsuit brought by the U.S. securities regulator, saying the cryptocurrency sector lacks a clear set of…

US Court Gives SEC One Week to Respond to Coinbase’s Rulemaking Petition

decrypt.co A U.S. court has issued an ultimatum to the Securities and Exchange Commission, giving the regulator seven days to clarify its position on a rulemaking petition from crypto…

Court Requests Clarity from SEC on Coinbase’s Request for Clarity

blockworks.co The court overseeing the Coinbase v. SEC case — not to be confused with the SEC v. Coinbase case — is seeking clarity on whether or not the SEC, with its legal action…

Why did the SEC let Coinbase go public?

protos.com In the wake of the Securities and Exchange Commission (SEC)’s lawsuit against Coinbase, many are wondering why the crypto exchange was allowed to go public if it was…

US tightens crackdown on crypto with lawsuits against Coinbase, Binance

investing.com The top U.S. securities regulator sued cryptocurrency platform Coinbase (NASDAQ: ) on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic…

Crypto Crackdown: Coinbase and Binance Lawsuits Shake Markets

nytimes.com The S.E.C. accuses Coinbase of operating as an unregistered broker. The S.E.C. said Coinbase made billions of dollars facilitating the sale of crypto assets as an…

Cardano Foundation Disagrees with SEC’s ‘Security’ Claim: ADA Down 27%

watcher.guru A host of tokens are the bones of contention in the recently-filed SEC lawsuits against Binance and Coinbase. In the former lawsuit, the regulatory agency has labelled BNB,…

U.S. court orders SEC to respond to Coinbase’s rulemaking petition

forkast.news The U.S. Securities and Exchange Commission (SEC) has been ordered on Tuesday by the United States Court of Appeals for the Third Circuit to respond to cryptocurrency…

Ark Invest Acquires Coinbase Shares despite SEC Allegations

coinspeaker.com Coinspeaker Ark Invest Acquires Coinbase Shares despite SEC Allegations Ark Invest remains bullish on Coinbase (NASDAQ: COIN) despite the fact that the US Securities and…

Coinbase to Continue Working as Usual despite SEC Charges, CLO Paul Grewal Tells House Committee

coinspeaker.com Coinspeaker Coinbase to Continue Working as Usual despite SEC Charges, CLO Paul Grewal Tells House Committee Amid heightened crypto regulatory scrutiny in the United States,…

Coinbase to Continue Operations as Normal Despite Legal Action

bitfinsider.com Last Updated on June 7, 2023 by Bitfinsider In congressional testimony, the top attorney for Coinbase criticised the Securities and Exchange Commission, as he testified…

Regulation by Enforcement Is Unsustainable, CFTC Chair Tells Congress

blockworks.co On the heels of the SEC suing both Binance and Coinbase, the House Agriculture Committee gathered Tuesday morning for a dual panel hearing to discuss crypto spot market…

Robinhood Reviews Token Listings Amid SEC Lawsuits Against Crypto Exchanges

beincrypto.com The SEC’s lawsuit against major exchanges has forced Robinhood to review its token listings procedure. The firm’s legal chief Dan Gallagher told Congress of the development.…