SEC

  • Creating Better Products: What Brian Armstrong’s Tweet Means for Coinbase in Light of the Wells Notice

    According to reports, Brian Armstrong, CEO of Coinbase, tweeted, \”The Wells notification issued by the Securities and Exchange Commission (SEC) has greatly boosted morale. Although

    03/27/2023
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  • Cathie Wood’s Ark Invest Buys $12.6 Million More Coinbase Shares Despite SEC Warning

    On March 27th, Cathie Wood\’s Ark Invest purchased another $12.6 million worth of Coinbase (COIN) shares last Friday, which was the second consecutive day that the fund purchased sh

    03/27/2023
    118
  • Coinbase Plans to Support Crypto-Friendly US Election Candidates

    According to reports, Brian Armstrong, CEO of Coinbase, said that the exchange intends to start donating to candidates who support cryptocurrencies in the US election. The statemen

    03/26/2023
    125
  • Former head of law enforcement at the SEC: The United States has jurisdiction over the Do Kwon case

    According to reports, Lisa Braganca, a former head of law enforcement at the US Securities and Exchange Commission, said that the US law enforcement authorities have jurisdiction over Terraform Labs based in Singapore and its founder, Do Kwon, because they knowingly promote their LUNA and terraUSD (USD) tokens to US investors. Interpretation of this information: The US Securities and Exchange Commission (SEC) continues to assert its authority over entities based outside the United States if they have a significant presence and engage in activities with US investors. A recent report…

    03/25/2023
    121
  • The founder of TBIS was sentenced to four years and three months in prison for allegedly carrying out a $21 million encryption fraud scheme

    On March 25th, according to an official announcement from the US Department of Justice, Michael Alan Stollery, founder and CEO of the cryptocurrency investment platform Titanium Bl

    03/25/2023
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  • Coinbase CEO: The SEC may cause the US financial system to lag behind other countries

    According to reports, Brian Armstrong, CEO of Coinbase, said in a live Twitter chat on Thursday that the recent actions of the Securities and Exchange Commission are putting the United States’ financial leadership at risk. Compared to countries such as the United Kingdom, Brazil, and Singapore, the United States is “the farthest behind” in terms of legislation and banking systems. If no action is taken, the situation may get worse. Interpretation of this information: The crypto industry is undergoing a lot of changes currently, and this is because of the…

    03/24/2023
    147
  • “Sister Wood” Cathie Wood’s investment management company has suffered double blows

    According to reports, ARK Investment Management Company, a subsidiary of “Sister Wood” Cathie Wood, recently received a double whammy due to Hindenburg’s short selling report on Block and the threat of actions taken by the SEC against Coinbase, as both companies are her main shareholding targets. Block and Coinbase have always been Wood’s favorites. According to ARK’s innovative ETF related position data, Coinbase’s position ratio is 7.5%, while Block’s position ratio is 6.2%. Interpretation of this information: The recent events involving Hindenburg’s short selling report on Block and the SEC’s…

    03/24/2023
    133
  • CEO of Coinbase repeatedly tweeted criticizing the US SEC for being “unfair and unreasonable”

    According to reports, Brian Armstrong, CEO of Coinbase Global Inc., a cryptocurrency exchange, said in a series of tweets that he welcomed the plan of the United States Securities and Exchange Commission (SEC) to take enforcement action against the cryptocurrency exchange, as it was an opportunity to bring the case to court and could also reveal that regulators were neither “fair, reasonable, nor even lacking seriousness in purpose” when dealing with digital assets. Interpretation of this information: The reports reveal that Brian Armstrong, the CEO of Coinbase Global Inc., has…

    03/23/2023
    122
  • The US SEC has issued a Wells notification to Coinbase stating that it may violate securities laws

    According to reports, Coinbase stated that it had received a “Wells Notice” from the Securities and Exchange Commission of the United States (SEC), investigating some of its online digital assets and pledge services, Coinbase Earn, Coinbase Prime, and Coinbase Wallet. Coinbase stated that the Wells notification did not provide much information. The SEC staff simply stated that potential violations of securities laws had been identified. Coinbase requested the SEC to indicate which assets on its platform might be securities, but was rejected by the SEC. Interpretation of this information: San…

    03/23/2023
    133
  • The US SEC has issued a Wells notification to Coinbase stating that it may violate securities laws

    According to reports, Coinbase stated that it had received a “Wells Notice” from the Securities and Exchange Commission of the United States (SEC), investigating some of its online digital assets and pledge services, Coinbase Earn, Coinbase Prime, and Coinbase Wallet. Coinbase stated that the Wells notification did not provide much information. The SEC staff simply stated that potential violations of securities laws had been identified. Coinbase requested the SEC to indicate which assets on its platform might be securities, but was rejected by the SEC. Interpretation of this information: Coinbase,…

    03/23/2023
    118
  • The US SEC indicts Sun Yuchen and three related companies for illegally selling cryptocurrency securities

    According to reports, according to court documents in the United States, the Securities and Exchange Commission of the United States has formally sued Justin Sun, the founder of Wave Market and a member of the Huobi Global Advisory Committee, on suspicion of illegal securities sales, fraud, and market manipulation. It is reported that the SEC stated in a press release that it is suing Justin Sun, the Tron Foundation, the BitTorrent Foundation, and BitTorrent (now known as Rainberry) for selling Tronix (TRX) and BitTorrent (BTT) Tokens, describing them as unregistered…

    flash news 03/23/2023
    114
  • The US SEC has issued a subpoena to Sushi Swap and its CEO

    According to reports, the US Securities and Exchange Commission recently issued a subpoena to Sushi and the new CEO of Sushi Swap, Jared Grey. Grey asked Sushi DAO to fund a USDT legal defense fund of $3 million to cover expenses related to the SEC investigation. Sushi sought to establish a legal entity last year to reduce the responsibilities of contributors and DAOs. Interpretation of this information: The US Securities and Exchange Commission (SEC) has reportedly issued a subpoena to Sushi and Jared Grey, the new CEO of Sushi Swap,…

    03/22/2023
    134
  • XRP rose more than 20% after it was reported that Ripple might win a case with the SEC

    According to reports, XRP tokens have risen by more than 20% in the past 24 hours after reports on Tuesday that Ripple may be able to win its case with the Securities and Exchange Commission (SEC). Interpretation of this information: The last 24 hours have seen a substantial increase in the value of XRP tokens, rising more than 20% following reports regarding Ripple’s ongoing case with the SEC. This news, which suggests that there may be a chance of Ripple winning its legal battle against the SEC, has provided reason…

    03/22/2023
    117
  • Coinbase CLO once again called on the SEC to clarify that pledge services are not securities, and to contact the public before law enforcement

    On March 21st, Paul Grewal, Chief Legal Officer of Coinbase, said on Twitter that today, Coinbase submitted a comment letter to our July 2022 SEC rulemaking petition. We explained why core pledge services are not securities issuance and asked the SEC to clarify the fact that core pledge services are not securities. Interpretation of this information: Coinbase, a cryptocurrency exchange based in the United States, submitted a comment letter to the Securities and Exchange Commission’s (SEC) Rulemaking Petition, according to Paul Grewal, the Chief Legal Officer of Coinbase. In a…

    03/21/2023
    123
  • The US SEC recruits interns in areas such as blockchain and distributed ledger technology, with hourly salaries ranging from $15.09 to $28.83

    According to reports, the Securities and Exchange Commission of the United States has started the recruitment of “student interns” for the 2023 business and legal programs, with hourly salaries of $15.09 to $28.83. The undergraduate and graduate students recruited will participate in a 10 week internship starting on August 28 and ending on November 3. According to recruitment information, the U.S. Securities and Exchange Commission is looking for people who study blockchain, distributed ledger technology, computer science, financial technology, or cybersecurity, as well as many other research fields. (cointelgraph) Interpretation…

    03/17/2023
    119
  • Overview of important developments overnight on March 16th

    21:00-7:00 Keywords: TrueUSD, Ark Invest, SEC, Uniswap Interpretation of this information: The message pertains to three key topics: TrueUSD, Ark Invest, and SEC’s regulations on Uniswap. The message suggests that TrueUSD, a stablecoin, received an endorsement from ARK Invest, a respected investment firm. According to the message, ARK invest believes that TrueUSD has a bright future and will play an instrumental role in the larger finance industry. The message then shifts its focus towards the SEC’s recent comments on Uniswap, a decentralized exchange that facilitates trades of cryptocurrencies. The SEC…

    03/16/2023
    113
  • Ark Invest has raised over $16 million in new cryptocurrency funds

    According to reports submitted to the Securities and Exchange Commission (SEC) on Wednesday, Cathie Wood’s Ark Invest has raised over $16 million in new cryptocurrency funds, which are divided into domestic and Cayman Islands versions. ARK Crypto Revolutions US Fund LLC raised $7281630 from nine investors, while ARK Crypto Revolutions Cayman Fund LLC raised $8993330 from a supporter. Both funds were opened for investment on March 1st, and the figures provided are the total amount sold. For the overall goal, Ark checked “indefinite”, which means that the fund is open…

    03/16/2023
    120
  • Crypto Asset Company Hashdex Plans to Launch Bitcoin Spot ETFs

    According to reports, with the listing of Bitcoin futures ETFs on the New York Stock Exchange for six months, Hashdex, a crypto asset management company, has gradually launched spot products. “Spot Bitcoin ETFs are inevitable, we just don’t know when and under what circumstances,” said Marcelo Sampaio, CEO and co founder of the company. Although it is difficult to determine a timetable, he believes that spot ETFs will be authorized by the chairman of the US SEC. (The Block) Interpretation of this information: The news that Bitcoin futures ETFs have…

    03/16/2023
    133
  • Insider: Kraken has agreed to close the encryption pledge business to resolve the SEC’s allegations

    According to reports, according to an industry insider familiar with the situation, Kraken has agreed to close its cryptocurrency pledge business to resolve allegations with the United States Securities and Exchange Commission (SEC). Interpretation of this information: Kraken, a prominent cryptocurrency exchange, has reportedly decided to shut down its cryptocurrency pledge business in order to settle a dispute with the United States Securities and Exchange Commission (SEC). An industry insider who is familiar with the matter has disclosed this information to the media. According to the insider, Kraken’s decision to…

    03/16/2023
    116
  • The SEC will vote on proposals for cybersecurity and consumer privacy rules, or involve cryptocurrencies

    According to reports, the United States Securities and Exchange Commission will vote on new rules and changes to strengthen requirements for cybersecurity, privacy, and technological infrastructure, which officials say may include cryptocurrency. Interpretation of this information: The United States Securities and Exchange Commission (SEC) is reportedly set to vote on new rules and changes that aim to improve cybersecurity, privacy, and technological infrastructure. The proposed changes could also cover cryptocurrency, among other issues. The move comes amid growing concerns over the vulnerability of the US financial system to cyber attacks…

    03/15/2023
    115