Robinhood is taking proactive measures in response to recent actions by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase. The popular retail brokerage platform is reportedly investigating its cryptocurrency services and carefully reviewing the regulator's stance to determine its course of action. The SEC's recent legal action ...
The United States Securities and Exchange Commission (SEC) has initiated legal action against Coinbase on the allegations it violated securities regulations by operating an unregistered security broker. Today we charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency and ...
The United States Securities and Exchange Commission (SEC)'s recent lawsuit against Binance has substantially impacted both the crypto market and the exchange's financial position. Since the announcement of the lawsuit, there has been an increase in user withdrawals of Bitcoin, Ethereum, and Stablecoins from Binance's exchange platform. However, it is ...
John Reed Stark, a former director at the United States Securities Exchange Commission (SEC), has issued a warning to social media crypto influencers on Twitter, alerting them to the potential consequences of their actions. Attention all crypto promoters who use social media to manipulate the price of crypto-securities: Fail not ...
The United States Securities Exchange Commission (SEC) has responded to Coinbase's request for clear cryptocurrency regulations in a formal court filing. In the court documents filed on May 15, 2023, the SEC acknowledged that the rulemaking process could take several years and emphasized that enforcement actions would continue in the ...
HSBC Securities (HSI) and Scotia Capital, the investment subsidiary of Scotiabank, have been fined by the United States Securities and Exchange Commission (SEC) for violating recordkeeping rules. According to the SEC, the managing directors and senior supervisors responsible for overseeing junior employees did not adhere to company policies and communicated ...
Marathon Digital has disclosed in its quarterly report published on May 10, 2023, that it received a second subpoena from the US Securities and Exchange Commission (SEC) regarding its data center located in Hardin, Montana. @SECGov has issued another subpoena to Marathon Digital. Marathon Digital is a US based #Bitcoin ...
Coinbase has requested changes to the U.S. Securities and Exchange Commission's (SEC) proposed regulation on registered investment advisers' (RIAs) responsibilities to hold client assets with qualified custodians. In a letter sent to the U.S. SEC on May 9, 2023, the exchange argued that the proposed rulemaking, Safeguarding Advisory Client Assets, ...
Cryptocurrency industry supporters have raised concerns about a proposed regulation by the U.S. Securities and Exchange Commission (SEC) that would tighten laws surrounding crypto custody. The Blockchain Association, an advocacy group, and Web3 venture capital firm Andreessen Horowitz (a16z) have both written letters to the regulator, arguing that the proposal ...
Coinbase has reassured its investors that it has no plans to move its operations elsewhere, despite the regulatory uncertainty and looming crackdown on the cryptocurrency market in the United States. In the company's first shareholder letter in 2023, CEO Brian Armstrong emphasized the importance of adhering to the rule of ...
