Tag Archives: SEC

Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple

Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple

Coinbase said it will suspend trading of XRP, the cryptocurrency behind the U.S. Securities and Exchange Commission lawsuit against Ripple Labs last week claiming it is really a security. Coinbase first listed XRP on its retail-facing platforms in February 2019. Starting now, XRP trading “will move into limit only,” Coinbase wrote. It will be fully suspended on Tuesday, Jan. 19, 2021, […]

SEC Gives Broker-Dealers Room to Handle Crypto Securities

SEC Gives Broker-Dealers Room to Handle Crypto Securities

The U.S. Securities and Exchange Commission (SEC) is showing signs it might budge on letting crypto custodians become regulated broker-dealers specifically for digital assets. The Commission announced Wednesday it would let crypto-focused broker-dealers operate for five years without fear of an enforcement action provided they can verify they have possession and control of customers’ digital asset securities. […]

Coinbase, With Bitcoin Soaring, Files in Preparation for Landmark Public Offering

Coinbase, With Bitcoin Soaring, Files in Preparation for Landmark Public Offering

Coinbase is getting ready to go public. On Thursday, the major cryptocurrency exchange filed preliminary documents with the U.S. Securities and Exchange Commission (SEC). Coinbase has been the subject of IPO speculation for months. But the timing, coming just one day after bitcoin (BTC, +7.77%) broke $20,000 for the first time ever, cannot be ignored. The major exchange […]

U.S SEC, OCC issue first regulatory guidance for stablecoins

U.S SEC, OCC issue first regulatory guidance for stablecoins

U.S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U.S national banks and federal savings associations to hold stablecoin reserves. This would be the first detailed national guidance on how cryptocurrencies backed by fiat currencies, with the dollar in particular, should […]

NASDAQ-Listed MicroStrategy Buys $175 Million More Worth Of Bitcoin

NASDAQ-Listed MicroStrategy Buys $175 Million More Worth Of Bitcoin

The NASDAQ-listed company providing business intelligence and mobile software MicroStrategy has added $175 million worth of Bitcoin to its portfolio. The addition comes just a month after the firm purchased $250 million of the primary cryptocurrency. MicroStrategy Doubles Down On Its Bitcoin Accumulation As CryptoPotato reported a month ago, the Virginia-headquartered company developing software to analyze internal and […]

SEC Proposal Would Broaden ‘Accredited Investor’ Definition

SEC Proposal Would Broaden ‘Accredited Investor’ Definition

The U.S. Securities and Exchange Commission (SEC) wants to allow more individuals and entities to invest in regulated financial instruments. According to a press release issued Wednesday, the SEC intends to add a list of new qualifications to become an accredited investor. At present, accredited investors are defined as individuals with more than $1 million in net worth (or […]

The Case for a Bitcoin ETF

The Case for a Bitcoin ETF

The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. Issuers have submitted proposal after proposal for a bitcoin-based exchange-traded fund (ETF), and the SEC has delayed or rejected each one. It’s time, however, to ask why and […]

What’s Next in the Securities Case Against Ripple Over XRP

What’s Next in the Securities Case Against Ripple Over XRP

Monday will bring the next chapter of a long-running and closely watched lawsuit against Ripple. The plaintiff, Bradley Sostack, has until the end of the day to file a response to the startup’s Sept. 20 motion to dismiss. Assuming it isn’t dismissed in its entirety, the case, which seeks class action status, may move into discovery next […]

Crypto Portfolio App Ember Seeks $1 Million in SEC-Registered Securities Sale

Crypto Portfolio App Ember Seeks $1 Million in SEC-Registered Securities Sale

Ember Fund, makers of an AI-managed cryptocurrency portfolio app, is seeking to raise up to $1 million through a Securities and Exchange Commission-registered securities sale. The year-old company revealed their intention in today’s filing with the SEC, detailing their sale of “Crowd SAFE” securities that will occur through the end of January 2020 on Republic, an online […]