SEC sues Coinbase for its alleged unregistered offerings

SEC sued Coinbase, alleging that the exchange is operating illegally as it has failed to first register with the regulator.
SEC sued Coinbase, alleging that the exchange is operating illegally as it has failed to first register with the regulator.
Coinbase, Robinhood, and representatives from the United States commodities regulator are set to provide testimony before Congress regarding a newly proposed crypto bill.
Coinbase Derivatives Exchange will introduce Bitcoin (BTC) and Ethereum (ETH) futures contracts for institutional investors.
Once more, and this time within seven days, Coinbase has requested a response from the SEC.
Coinbase Chief Legal Officer Paul Grewal said that the filing might be the first time SEC has explained its views on whether the SEC should create rules for the crypto industry.Â
The SEC has come under fire for its regulatory approach from Coinbase and the cryptocurrency industry, with the support of the U.S. Chamber of Commerce.
The former product manager of Coinbase was given a two-year prison term for insider trading by American authorities.
Paul Grewal wrote that the proposed SEC rulemaking does not adequately protect other asset classes, such as cryptocurrency.
There is no threat for present Coinbase Borrow users, and they are not required to take any action to avoid having their positions cancelled.
Coinbase is forging forward with a worldwide derivatives platform as the cryptocurrency industry faces legal obstacles in the United States.