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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInThe Crypto Security Debate Goes to Court – WSJ
Investors are asking the courts to decide an existential question for the cryptocurrency industry: whether digital tokens are, for legal purposes, more similar to stocks or to gold. Attorneys for cryptocurrency-trading platform Coinbase Global Inc. filed a motion this month to dismiss a class-action lawsuit arguing that 79 of the tokens listed on the firm’s […]
Coinbase Enters Fortune 500 List of Biggest US Companies
Coinbase (COIN) has entered the Fortune 500, a ranking of the U.S. biggest companies by revenue, becoming the first cryptocurrency company to join the list. The Nasdaq-listed crypto exchange posted revenue of over $7.8 billion in fiscal 2021 to place 437th in the 2022 list published Monday. Source: Coinbase Enters Fortune 500 List of Biggest […]
Coinbase Cracks Down on Front-Running of New Crypto Listings – Bloomberg
In a blog post Thursday, Chief Executive Officer Brian Armstrong said Coinbase is implementing new procedures, so people wouldn’t be able to guess, by examining Coinbase’s blockchain activity or playing around with its software, if it’s considering listing new tokens. “While this is public data, it isn’t data that all customers can easily access, so […]
Coinbase facing massive class action lawsuit over unregulated securities sales – CoinGeek
The suit is brought on behalf of all Coinbase users and complains that the cryptocurrency exchange has been selling securities that are unregistered with the U.S. Securities and Exchange Commission (SEC), amounting to 15 violations of securities laws, including the requirement for those selling securities to register as an exchange. Coinbase CEO Brian Armstrong is […]
Coinbase drops plans to launch interest product after CEO’s SEC comments
Coinbase has decided to halt its plans to launch an interest-earning product two weeks after CEO Brian Armstrong took the SEC to task on Twitter for its lack of guidance on the matter. The newly public cryptocurrency services firm said in an update on its blog Friday that it will not launch Coinbase Lend, which […]
Why Coinbase Will Lose Its Battle with the SEC | LinkedIn
Though Coinbase has fired the first salvo with its Blog and Twitter barrages, the SEC will undoubtedly respond with its own thunderous bombardment of devastating canon and ordinance – in the form of a hefty and far-reaching enforcement action. And just like other SEC forays into crypto-enforcement, when the gunsmoke settles, the SEC will be […]
Coinbase Gets Wells Notice From the SEC on Lend Product – Bloomberg
Coinbase Global Inc. was warned by the Securities and Exchange Commission against launching a product that would allow consumers to earn interest on their crypto holdings. The U.S.’s biggest cryptocurrency exchange said it received a Wells notice saying the agency will bring an enforcement action if the company goes ahead with its Lend product. Coinbase […]
Coinbase Hires Ex-SEC Director to Run Capital Markets Division – WSJ
Coinbase named Brett Redfearn, most recently the director of the SEC’s division of trading and markets, to run its capital-markets group, which includes its exchange operations and a brokerage and custody business. Mr. Redfearn, who left the SEC in December, is the second high-ranking former SEC official this week to take a role with a […]
Coinbase Transactions Under Review by U.S. Sanctions Enforcer – WSJ
Cryptocurrency exchange Coinbase Global Inc. said its services may have been used by individuals, entities or jurisdictions subject to U.S. sanctions regulations and has disclosed the activity to a federal agency. The largest U.S.-based cryptocurrency exchange, which on Thursday filed to go public with the Securities and Exchange Commission, in a regulatory filing said it […]
Coinbase, a top cryptocurrency company, files for initial public offering – The New York Times
The cryptocurrency company Coinbase has joined the rush of start-ups looking to go public. The company said on Thursday that it had filed confidentially for an initial public offering with the Securities and Exchange Commission. It gave few other details. Source: Coinbase, a top cryptocurrency company, files for initial public offering. – The New York […]