The crypto industry has accounted for almost half of the nearly $250 million in corporate donations to political campaigns in 2024, the Public Citizen analysis shows. Coinbase alone is responsible for more than $52 million of that amount. Source: How Coinbase Went From DC ‘Kids Table’ to Political Power Seat – Bloomberg
Lawyers for the U.S. Securities and Exchange Commission (SEC) are pushing back against what they describe as Coinbase’s “breathtakingly broad” subpoena requests searching for “essentially all documents that in any way relate to crypto.” The court documents, filed Monday, are the latest jab in the ongoing fight between the SEC and Coinbase over the crypto exchange’s attempt to subpoena the…
The asset management arm of U.S.-listed cryptocurrency exchange Coinbase (COIN) is creating a tokenized money-market fund, jumping into one of the hottest crypto-powered corners of finance, according to four people familiar with the plan. Tokenization, or representing ownership of real-world assets (RWAs) through blockchain-based products, has become one of the big trends in crypto of late. BlackRock, the world’s biggest…
Coinbase Inc. (COIN) is going after internal chatter at the U.S. Securities and Exchange Commission (SEC) that may shed light on its pursuit of cryptocurrency exchanges as illegal enterprises – including Chair Gary Gensler’s own communications – but the scope of its latest request filed on Tuesday has been dialed back after resistance from a federal judge. The company heard…
U.S. digital assets exchange Coinbase (COIN) announced that it was following in the footsteps of its two major campaign-finance partners, Ripple and Andreessen Horowitz (a16z), in throwing another $25 million each into the pot that has taken in about $161 million to spend on the 2024 U.S. elections. The other two companies announced their new commitments last week. The money…
After the company’s effort to dismiss the SEC’s enforcement case against it was rejected in federal court, Coinbase lawyers on Friday filed for a so-called interlocutory appeal that seeks to get one question considered at the next level up: Is a digital asset transaction that poses no obligation to the original issuer of the asset an investment contract regulated by…
Coinbase, the largest U.S. crypto exchange, filed for permission to ask the Second Circuit Court of Appeals if the Howey Test, a longstanding Supreme Court assessment for securities, should apply to digital assets. Coinbase hopes it doesn’t. Coinbase hasn’t successfully argued this is needed, the U.S. Securities and Exchange Commission said Friday. *** In its filing, the SEC argued that…
Coinbase is seeking to rip the bandage off of a legal impasse at the center of the crypto industry’s fight with the U.S. Securities and Exchange Commission (SEC), filing for an interim appeal on Friday that would ask a higher federal court to drill into the heart of the regulator’s stance on digital assets, even as the broader SEC case…
In a ruling, opens new tab on Tuesday that allows the U.S. Securities and Exchange Commission to proceed with its case against crypto exchange Coinbase, a Manhattan federal judge threw a bucket of ice-cold water on the crypto industry’s criticism of the SEC’s strategy of setting policy through enforcement actions. U.S. District Judge Katherine Polk Failla of Manhattan held that…
Several allies joined Coinbase Inc. (COIN) in its court fight against the U.S. Securities and Exchange Commission (SEC) to force the agency to rethink its refusal to write specific rules to govern the crypto industry, with Paradigm, the Crypto Council for Innovation and others filing outside arguments with the circuit court. A lawyer for Paradigm argued in a friend-of-the-court filing…