Coinbase

SEC Orders Coinbase to Delist All Crypto Assets, Except Bitcoin, Says CEO

July 31, 2023 2 mins read

Coinbase faced a critical situation when the U.S. Securities and Exchange Commission (SEC) instructed them to delist all cryptocurrencies on their platform, except for Bitcoin. The revelation comes from Coinbase CEO Brian Armstrong, who disclosed the regulatory pressure in a recent interview. The SEC’s stance on considering most assets as securities, excluding Bitcoin, has raised significant concerns within the crypto industry. In a July 31 interview with the Financial Times,

Coinbase Relists XRP Following Favorable Ruling in SEC Lawsuit

July 14, 2023 1 min read

In a significant development for the cryptocurrency market, leading exchange Coinbase has announced that it will relist XRP. The decision comes after a favorable ruling from U.S. District Judge Sarah Netburn, who found that the sale of XRP on exchanges does not fall under the category of security. Coinbase delisted XRP in January 2021, citing the ongoing legal battle between Ripple and the SEC. The SEC lawsuit alleges that Ripple

Coinbase Discovers Lost Crypto Valued at $322K and Returns it to Unaware User

July 6, 2023 2 mins read

In a remarkable act of goodwill, a Coinbase executive has found and returned lost crypto valued at $322,873 to an unsuspecting user who was unaware of its existence. Conor Grogan, Coinbase’s head of product, made the surprising discovery and successfully located the owner of the assets. Grogan shared the news in a tweet, explaining that he had found the substantial sum for a stranger who had previously lost their life

SEC vs Coinbase Case to Begin on July 13

June 30, 2023 1 min read

The U.S. Securities and Exchange Commission (SEC) is scheduled to respond to Coinbase’s initial legal defense on July 13, following the exchange’s unconventional tactic of filing its response well ahead of schedule. This development has expedited the court proceedings, moving the pre-motion conference to the same date. Coinbase’s Early Response Coinbase filed its response on May 17, 40 days before the August 7 deadline. This prompted the SEC to request

Coinbase Files Motion to Dismiss SEC Lawsuit

June 29, 2023 1 min read

Cryptocurrency exchange Coinbase has filed a motion to dismiss the recent lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC). The lawsuit accused Coinbase of facilitating unregistered trading in 12 digital tokens classified as securities. However, Coinbase vehemently disputes these claims and argues that the SEC’s interpretation of securities laws is fundamentally flawed. Coinbase’s Chief Legal Officer, Paul Grewal, stated that the SEC’s allegations “go far beyond

Coinbase Users Warned of Sophisticated Phishing Scam, Password Change Recommended

June 14, 2023 2 mins read

A well-known crypto trader recently experienced a sophisticated phishing scam targeting his Coinbase account, which he described as one of the most complex scams he has encountered in the crypto world. Jacob Canfield took to Twitter to warn Coinbase users about the incident, highlighting the tactics used by the scammers and urging others to be cautious. The Intricate Phishing Scam Canfield initially received a text message notifying him of a

Coinbase Receives Response from SEC on Regulatory Matters

June 14, 2023 1 min read

The U.S. Securities and Exchange Commission (SEC) has issued its formal response to the Third Circuit’s request regarding the ongoing legal dispute with Coinbase, a prominent cryptocurrency exchange. The SEC’s extensive response reveals a continued reluctance to provide clarity on cryptocurrency regulation or commit to a specific timeline for rulemaking, despite the court’s explicit orders. In its response, the SEC argues that Coinbase’s demand for immediate action is an “extraordinary

SEC Intensifies Crackdown on Crypto After FTX Crash

June 13, 2023 2 mins read

The failure of the FTX exchange in November 2022 sent shockwaves through the cryptocurrency industry, leading to increased scrutiny from the US Securities and Exchange Commission (SEC). The regulatory agency, aiming to salvage its reputation after the $8 billion fraud incident, has intensified its efforts to control the crypto sector. Recent lawsuits against major players like Coinbase and Binance are part of the SEC’s broader initiative to restore order in

Coinbase CEO Brian Armstrong Accused of Insider Trading in Controversial $1.7 Million Stock Sale

June 9, 2023 2 mins read

Recent allegations of insider trading against Coinbase CEO Brian Armstrong have sparked concerns within the investment community and industry experts. Armstrong sold over $1.7 million worth of Coinbase shares just days before the Securities and Exchange Commission (SEC) initiated enforcement action against the company. According to a Form 4 filed with the Securities and Exchange Commission, Coinbase CEO Brian Armstrong sold a substantial 29,730 shares of the company’s Class A

Coinbase Legal Chief Exposes Weaknesses in SEC’s Crypto Securities Claims

June 8, 2023 1 min read

The Chief Legal Officer (CLO) of Coinbase, Paul Grewal, has raised significant concerns about the U.S. Securities and Exchange Commission’s (SEC) claims regarding crypto securities. In a blog post published on June 8, 2023, Grewal argued that the SEC’s definition of a security is “too broad” and that it could apply to many types of products, including cryptocurrencies. Grewal also argued that the SEC’s enforcement actions against cryptocurrency companies have

Ark Invest Buys $21 Million Worth of Coinbase Shares

June 7, 2023 2 mins read

Cathie Wood’s Ark Invest has shown unwavering confidence in Coinbase, the prominent crypto exchange operator, by purchasing additional shares on the same day the company was hit with a lawsuit by the US SEC. The move comes amidst a sharp decline in Coinbase’s stock price due to the legal action. Despite the challenging situation, Ark Invest’s flagship ETF, Ark Innovation, along with its Next Generation Internet ETF and Fintech Innovation

Coinbase CEO Urges Congress to Address SEC Lawsuit and Crypto Regulations

June 7, 2023 2 mins read

Coinbase CEO Brian Armstrong responded to the SEC’s lawsuit against the exchange on Tuesday, June 6, calling it “unjust.” In a series of tweets, Armstrong said that the SEC reviewed Coinbase’s business in 2021 and “allowed us to become a public company,” despite the 2019 claims in the SEC’s lawsuit. “In case it’s not obvious, the Coinbase suit is very different from others out there – the complaint filed against