The campaign, which called for sensible crypto policy from the U.S. authorities, instead saw the SEC sue major exchanges, Binance and Coinbase. As a result, ‘Stand With Crypto’ is trending on Twitter, and almost 140,000 NFTs have been minted.
The U.S. Securities and Exchange Commission has sued Coinbase, the U.S.-based cryptocurrency exchange, for operating as an “unregistered broker, exchange and clearing agency”.
The U.S. Securities and Exchange Commission has sued Coinbase, the U.S.-based cryptocurrency exchange, for operating as an “unregistered broker, exchange and clearing agency”.
The campaign, which called for sensible crypto policy from the U.S. authorities, instead saw the SEC sue major exchanges, Binance and Coinbase. As a result, ‘Stand With Crypto’ is trending on Twitter, and almost 140,000 NFTs have been minted.
At the Dubai Fintech Summit many executives expressed their discontent with the US crypto regulation and gave credits to the UAE legal framework. Coinbase CEO even suggested that the UAE could serve as an international crypto hub for Coinbase.
Recently SEC was legally obliged to respond to Coinbase's writ of mandamus. Meanwhile, the regulator deleted a possible first-ever definition of digital asset from its rule and the exchange started an open letter to Congress to support pro-crypto legislation.
Coinbase announced the launch of a new platform called Coinbase International Exchange, which enables institutional users outside of the US to trade ethereum and bitcoin perpetual futures.
Coinbase publicly responded to the SEC’s Wells notice and now is trying to force the regulatory agency to respond to a petition for rulemaking that the company filed last summer aiming to get proper regulation rules for digital assets.
