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Binance, Coinbase, Robinhood: A Week of Crypto Crackdowns and Regulatory Fallout — Week in Review
11.6.2023
Seismic shifts have been occurring in crypto this past week, with the United States Securities and Exchange Commission (SEC) leaning remarkably further into what some call its “regulation by enforcement” approach, as the entity is now suing both Binance and Coinbase for securities...
Coinbase CEO Criticizes US Lawmakers, Regulators Over Regulatory Approach, Warns of Upcoming Innovation in China
31.5.2023
Coinbase CEO Brian Armstrong criticized US lawmakers and regulators over their approach to bringing “regulatory clarity” to cryptocurrency and warned that innovation is moving offshore.
Countries like China will benefit from “restrictive U.S. crypto policies,” Armstrong said in a MarketWatch...
SEC Informs Crypto Exchange Coinbase of Potential Securities Law Violations
23.3.2023
The U.S. Securities and Exchange Commission (SEC) has sent Coinbase a “Wells notice” about potential violations of securities law. The Nasdaq-listed cryptocurrency exchange noted that, unlike what SEC Chairman Gary Gensler said, the securities regulator “will not let crypto...
Coinbase shares to open lower after 75% drop in net income in Q3
10.11.2021
Coinbase posted total net revenue of $1.235 billion in Q3 falling 30% short of FactSet estimates of $1.614 billion