Coinbase launches zero trading fee subscription service
Coinbase’s new subscription service, “Coinbase One,” is expected to roll out across 35 countries in the near future. Go to Source Powered by WPeMatico
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Report: Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms
According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto exchanges is “going to have … Read more
SEC rebukes need for imminent crypto rulemaking, seeks denial of Coinbase petition
Coinbase’s chief legal officer Paul Grewal expressed his concerns over the SEC’s response, asserting that they will happily continue overseeing the sector via regulation as enforcement. Go to Source Powered by WPeMatico
SEC chair Gensler claps back at Coinbase, says crypto rules already exist
Speaking at the Financial Markets Conference, the SEC chair asserted that the rules for crypto are already in place and that the crypto sector has been largely non-compliant. Go to Source Powered by WPeMatico
SEC under fire for its custody rule: Law Decoded, May 8–15
Last week was harsh for the United States Securities Exchange Commission, with industry figures and officials publicly criticizing the regulator. Go to Source Powered by WPeMatico
Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation
Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee were expected to point to the Republican Party’s lack of … Read more
Over 440,000 Ethereum Added to Liquid Staking Derivatives in Two Weeks
In less than two weeks, the total value locked (TVL) in liquid staking derivatives has increased by 441,110 ether, worth roughly $793 million. While Lido Finance dominates the market with 74.35% of the TVL, competing liquid staking protocols Rocket Pool and Frax Ether have recorded double-digit gains of 34% to 42% in the past 30 … Read more
Coinbase establishes advisory council with former US lawmakers
Former Senator Patrick Toomey, former Representative Tim Ryan, former Representative Sean Patrick Maloney, and others will advise Coinbase on crypto policies. Go to Source Powered by WPeMatico
US Chamber of Commerce slams SEC’s ‘haphazard’ regulation efforts
The largest business organization in the world has thrown its weight behind Coinbase in its fight against the SEC. Go to Source Powered by WPeMatico
‘The SEC’s actions have crippled a nascent industry’ — Paradigm requests amicus brief for Coinbase
According to Paradigm, the SEC’s lack of a clear path for crypto firms to register could lead to a “de facto ban on digital asset trading platforms.” Go to Source Powered by WPeMatico
