Coinbase CEO’s $1.8 million stock sale raises eyebrows amid SEC lawsuit
Coinbase CEO’s $1.8 million stock sale raises eyebrows amid SEC lawsuitCoinbase CEO Brian Armstrong $1.8 million stock sale on June 5 may have been pre-planned.
Happy Friday!The global crypto market cap is $1.1 trillion, with a 24-hour volume of $24.84 billion. The price of Bitcoin is $26,465.50, and BTC market dominance is 46.6%. The price of Ethereum is $1,839.62, and ETH market dominance is 20.1%. The best-performing sector is Yield Farming, which gained 8%. The Crypto Fear & Greed Index is currently Neutral (50). Top News
Coinbase CEO’s $1.8 million stock sale raises eyebrows amid SEC lawsuitCoinbase CEO Brian Armstrong $1.8 million stock sale on June 5 may have been pre-planned. Op-ed: Why the SEC should stay away from crypto (Part I)The U.S. needs a dedicated Digital Assets Commission to navigate the complex crypto landscape and foster innovation amidst regulatory challenges. Elizabeth Warren asks DOJ to investigate Binance’s statements to CongressWarren said that the DOJ could impose fines and imprisonment on Binance executives. Latest Insights
More NewsCoinbase legal chief Paul Grewal says SEC ‘misread the law’Paul Grewal said that once a federal judge versed in such matters presides over the case in court, they will come to the same conclusion BitGo to acquire 100% equity in Prime Trust parent following latter’s bankruptcy rumorsPrime Trust reduced its staff and closed its Texas operations earlier this year. Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suitsAttorney John Deaton is a rallying grassroots response to recent SEC enforcement actions that he claims have harmed investors. SEC’s Gensler rejects ‘regulatory clarity’ arguments in speech on crypto regulation"The vast majority of crypto tokens meet the investment contract test," the SEC chair said. "Not liking the message isn’t the same thing as not receiving it." Exodus sees Q1 revenue drop to $13M but reports high customer loyaltyThe crypto wallet company said that 800,000 users persisted during the crypto winter.
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Ex-SEC chair Jay Clayton says agency is having ‘blunt conversations’ on crypto; endorses ‘true stablecoins’
Monday, June 12, 2023
Clayton refused to explicitly contest the actions of his successor, Gary Gensler.
SEC’s legal battles with Binance, Coinbase could reshape the crypto landscape
Monday, June 12, 2023
CryptoSlate's latest market report dives deep into the SEC's lawsuits against Binance and Coinbase, and the potential effects they could have on the broader crypto market.
Top Metaverse tokens gearing up for growth amid potential Apple’s XR release at WWDC
Monday, June 5, 2023
New developments in the extended reality space have put a new focus on metaverse tokens, with some poised to see notable growth in the coming months.
How Bitcoin could offer a safe haven in the face of a global inflation crisis
Sunday, June 4, 2023
CryptoSlate's latest market report dives deep into the far reaching impacts of inflation and explores Bitcoin's position as a potential hedge.
Republican lawmakers distinguish crypto commodities and securities in draft bill
Saturday, June 3, 2023
The proposal attempts to set out clear roles for the US SEC and CFTC.
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