SEC sues Coinbase, alleges multiple securities law violations
SEC sues Coinbase, alleges multiple securities law violationsThe regulator has come for Coinbase a day after filing suit against Binance.
Happy Tuesday!The global crypto market cap is $1.11 trillion, with a 24-hour volume of $42.05 billion. The price of Bitcoin is $26,223.30, and BTC market dominance is 46.0%. The price of Ethereum is $1,848.07, and ETH market dominance is 20.1%. The best-performing sector is Charity, which gained 12%. The Crypto Fear & Greed Index is currently Fear (44). Top News
SEC sues Coinbase, alleges multiple securities law violationsThe regulator has come for Coinbase a day after filing suit against Binance. Liquidations surpass $200M in 1 hour after SEC’s Binance lawsuitSEC's lawsuit against Binance led to steep losses for traders who had long positions on the crypto market. TRON’s Justin Sun, Cardano’s Charles Hoskinson side with Binance in SEC caseSun expressed support for CZ while Hoskinson warned of wider regulatory action. The Ethereum Question: Why does the SEC avoid taking action against Ethereum when all else are fair game?The chief securities regulator has spelled out a case for several tokens being labeled securities, but remains silent on where the industry frontrunner falls. Latest Insights
More NewsApple unveils hotly-anticipated AR/VR headset Apple Vision Pro at WWDC for $3,499Apple revealed its eagerly anticipated augmented reality/virtual reality (AR/VR) headset, named Apple Vision Pro. El Salvador’s Bitcoin Volcano in sightEl Salvador's ambitious Volcano Energy project aims to create a global Bitcoin mining powerhouse fueled by renewable solar and wind energy. Binance CZ says SEC lawsuit is ‘an attack on the entire industry’US SEC lawsuit against Binance appears to have united the industry, with several stakeholders supporting the embattled exchange. Traders turn to stablecoins as regulatory pressure in the US ramps upTraders have been ditching BTC and ETH, as increased regulatory pressure in the U.S. pushes them toward Tether's USDT. Binance.US deems SEC lawsuit ‘baseless’; plans to defend selfBinance said its size made it an easy target, and it is now "caught in the middle of a U.S. regulatory tug-of-war."
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Coinbase, Robinhood testify before House committee on Republican crypto bill
Monday, June 12, 2023
Representatives of both companies said that the draft discussion bill could provide regulatory clarity. CFTC Chairman Rostin Benham expressed more limited support.
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.
Coinbase CEO’s $1.8 million stock sale raises eyebrows amid SEC lawsuit
Monday, June 12, 2023
Coinbase CEO Brian Armstrong $1.8 million stock sale on June 5 may have been pre-planned.
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.
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