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SEC serves Wells Notice to Coinbase


Coinbase has published an official statement after being served Wells Notice by the SEC. While it is not a legal case yet, it shows the direction where the warning could move on to. According to the statement, the notices come after Coinbase raised concerns about drafting reasonable rules for...

SEC Informs Crypto Exchange Coinbase of Potential Securities Law Violations


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...

Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia


A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea...

Paxos Trust Co. gets Wells notice from SEC over BUSD token


It happens to be the Securities and Exchange Commission (SEC) that has duly informed the crypto company, Paxos Trust Co., which happens to be a crypto firm, that it is contemplating suing the company. This is with regard to its suspicion of the entity having violated investor protection laws....

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