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SEC Told Coinbase to Stop Trading in all Cryptos Except Bitcoin Before Suing: FT
The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (COIN) to stop trading in all cryptocurrencies other than bitcoin (BTC) prior to suing the crypto exchange, according to a Financial Times report.
Before suing Coinbase, SEC asked it to trade only in bitcoin -FT
The SEC had accused Coinbase of operating illegally because it failed to register as an exchange. It also alleged that Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon.
Crypto exchange Rain to target UAE asset managers after winning licence
Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service for clients in the United Arab Emirates. The Bahrain-headquartered Rain, backed by Coinbase, said its entity based in the Abu Dhabi Global Market financial freezone will now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets.
First Mover Asia: Bitcoin Lingers Below $30K, While XRP Continues Its Rally
PLUS: Last week's partial court victory for Ripple last week buoyed Coinbase's share price by clarifying a nettlesome regulatory issue. The company still needs to recapture trading volume but seems headed for better times, an analyst says.
Coinbase CEO to Meet House Democrats, Discuss Crypto: Report
As part of the exchange’s bid for regulatory clarity, Brian Armstrong reportedly plans to meet the New Democrat Coalition.
Coinbase CEO Brian Armstrong to Meet House Democrats About Crypto Legislation: Bloomberg
Armstrong will meet Democrats from the House of Representatives in the U.S. Congress, aides familiar with the plans told Bloomberg.
Despite BlackRock, Don’t Expect a Flood of Spot-Bitcoin ETFs Soon: Experts
BlackRock’s recent application to start a Bitcoin ETF has raised hopes that the SEC would soon approve an instrument seen as key to crypto’s growth. But a range of market watchers contacted by CoinDesk said several roadblocks still lie ahead.