Coinbase, Robinhood testify before House committee on Republican crypto bill
Coinbase, Robinhood testify before House committee on Republican crypto billRepresentatives of both companies said that the draft discussion bill could provide regulatory clarity. CFTC Chairman Rostin Benham expressed more limited support.
Happy Wednesday!The global crypto market cap is $1.1 trillion, with a 24-hour volume of $47.85 billion. The price of Bitcoin is $26,403.72, and BTC market dominance is 46.5%. The price of Ethereum is $1,841.66, and ETH market dominance is 20.1%. The best-performing sector is eCommerce, which gained 18%. The Crypto Fear & Greed Index is currently Neutral (53). Top News
Coinbase, Robinhood testify before House committee on Republican crypto billRepresentatives of both companies said that the draft discussion bill could provide regulatory clarity. CFTC Chairman Rostin Benham expressed more limited support. US senators slam SEC’s Coinbase lawsuit, demand clearer crypto regulationsTwo US senators criticized the SEC's lawsuit against Coinbase, accusing the regulator harming consumers. Coinbase CEO Brian Armstrong hits back at SEC lawsuit on social media"There is no path to 'come in and register,'" the embattled CEO tweeted; "We tried." Latest Insights
More NewsSeven bombshells from the SEC’s Coinbase suitThe U.S. Securities and Exchange Commission announced its charges against Coinbase, finally revealing its precise objections to the company's practices. Asia’s Bitcoin supply soars amid shifting regulatory landscapesBitcoin supply held by entities in Asia increased by 9.9% in 2023, as the region begins introducing crypto-friendly regulation and U.S. tightens its regulatory stance. Binance, Coinbase CEOs together lost $1.7B of personal wealth after SEC chargesBinance's CZ lost $1.4B, while Coinbase's Brian Armstrong lost $361M. Woo: “Binance customers don’t care” about SEC enforcement actionAltcoin holders on Binance.US, however, seem more nervous. New Jersey, Alabama securities regulators take action against Coinbase following SEC lawsuitThe SEC's enforcement action against the exchange appears to have been taken as a signal by at least two state-level counterparts.
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Gary Gensler had close ties to Binance’s CZ, offered to serve as exchange advisor: lawyers
Monday, June 12, 2023
SEC chair Gary Gensler offered to serve as an advisor to Binance and kept in contact with CEO Changpeng Zhao, lawyers for the company say.
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Coinbase CEO Brian Armstrong $1.8 million stock sale on June 5 may have been pre-planned.
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