November 3, 2024 at 01:45 AM GST updated: November 3, 2024 at 01:39 AM 3 mins read News Coinbase has received over 20 FDIC ‘pause letters’ instructing banks to halt crypto services. Coinbase filed FOIA lawsuits against the FDIC and SEC for crypto regulatory clarity. FDIC starts releasing documents to Coinbase following a legal push…
Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s amended complaint against Binance, where the agency admitted creating confusion by labeling tokens as securities. He also pointed out the…
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal, it retained the right to contest them, leading to frustration within the crypto community. This uncertainty has…