SEC.gov | SEC Charges Coinbase for Operating as an Unregistered ...
Jun 6, 2023 · The Securities and Exchange Commission today charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service program.
SEC.gov | Statement on the Denial of a Rulemaking Petition …
Dec 15, 2023 · Today, the Commission denied a Petition for Rulemaking filed on behalf of Coinbase Global, Inc. I was pleased to support the Commission’s decision for three reasons. First, existing laws and regulations apply to the crypto securities markets. Second, the SEC addresses the crypto securities markets through rulemaking as well.
SEC.gov | Former Coinbase Manager and His Brother Agree to …
May 30, 2023 · The Securities and Exchange Commission today announced that former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges that they engaged in insider trading through a scheme to trade ahead of multiple announcements regarding at least nine crypto asset securities that would be made available for trading on ...
SEC.gov | SEC Charges Former Coinbase Manager, Two Others in …
Jul 21, 2022 · The SEC’s complaint, filed in federal district court in Seattle, Washington, charges Ishan Wahi, Nikhil Wahi, and Ramani with violating the antifraud provisions of the securities laws and seeks permanent injunctive relief, disgorgement with prejudgment interest, and civil penalties.
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SEC.gov | Coinbase, Inc. and Coinbase Global, Inc.
Jun 6, 2023 · The SEC alleges that, since 2019, Coinbase has been engaging in an unregistered securities offering through its staking-as-a-service program, which allows customers to earn profits from the "proof of stake" mechanisms of certain blockchains and Coinbase's efforts.
Since at least 2016, Coinbase has understood that the Supreme Court’s decision in SEC v. W.J. Howey Co. , 328 U.S. 293 (1946) and its progeny set forth the relevant test for determining whether a crypto asset is part of an investment contract that is …
SEC Chair Gensler to Depart Agency on January 20
Nov 21, 2024 · Under Chair Gensler, the SEC made the first significant updates to the $55 trillion U.S. equity market in nearly 20 years. The agency unanimously made updates to the National Market System so that stocks can be traded more efficiently with …
SEC.gov | SEC Charges Kraken for Operating as an Unregistered ...
Nov 20, 2023 · The SEC alleges that Kraken intertwines the traditional services of an exchange, broker, dealer, and clearing agency without having registered any of those functions with the Commission as required by law.