The SEC calls Coinbase's suit over digital asset rules petition 'baseless'

The SEC responded to Coinbase's legal gamble. The SEC fired back at Coinbase's extraordinary lawsuit over digital asset rules.

Stay up to date on the most influential events and analysis happening across the digital asset ecosystem.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheBlock__ /  🏆 464. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC chair Gensler claps back at Coinbase, says crypto rules already existSEC chair Gary Gensler has shot back at Coinbase’s repeated calls for clear crypto regulation, insisting that SEC's current rules already provide all of the necessary guidelines for the sector.
Read more »

Coinbase screws up, Florida bans CBDCs, and Ordinals face controversy: Hodler’s Digest, May 7-13Coinbase’s Paul Grewal says “We screwed up and we are sorry.”, Kraken builds a custom environment for Kitboga to frustrate scammers, Milady memecoin surges 5,250% after Elon Musk tweet, all these and more in this week's Hodler’s Digest.
Read more »

Ethereum Price Reacts to 53,400 ETH Shifted to Coinbase: Details53,400 ETH moved to Coinbase, here's impact on Ethereum price $ETH
Read more »

Crypto companies are playing poker with the SEC as agency cracks down on the industryFirms like Coinbase and Ripple are playing a game of poker with the SEC, testing the limits of their lobbying power in the hope they can get it to back down.
Read more »

Financial firms, lawmakers join crypto industry opposing SEC rule changeAn SEC custody rule that would mean changes for crypto firms also faces significant opposition from a broad swath of the traditional financial industry and senior Republicans on the House Financial Services Committee. Banks, hedge funds, investment advisers and House Republicans joined criticism from the crypto industry, including Coinbase, Circle, and Andreesen Horowitz over proposed change from the SEC over how customer assets should be safeguarded
Read more »

XRP Is Security? Here's How SEC Plans to Prove ItXRP on trial: Lawyer unveils SEC's plan to prove $XRP is a security xrp xrpsec xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec
Read more »