Coinbase Vs SEC: US Regulator Requests 28-Day Deadline Extension On Petition ...
On Friday, February 14th, the United States Securities and Exchange Commission requested a 28-day extension of its deadline to respond to Coinbase’s appeal. This latest move represents an interesting development in the protracted legal battle between the regulatory agency and the US’ largest crypto exchange. Why SEC Asked For A Deadline Extension In its latest […]
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The legal battle between Coinbase and the Securities and Exchange Commission (SEC) took a significant turn as the SEC made a recommendation related to Coinbase’s rulemaking appeal, a crucial component of their mandamus action. Coinbase’s Chief Legal Officer, Paul Grewal, revealed that the SEC communicated with the Third Circuit regarding Coinbase’s rulemaking petition, shedding light […]
Coinbase has intensified efforts to force the hand of the United States Securities and Exchange Commission (SEC) on its crypto rulemaking petition. The firm has submitted a formal response to the Third Circuit regarding the SEC’s recent update on its rulemaking request. Coinbase Files For Mandamus Again In Latest Response As earlier reported by Bitcoinist, […]
Coinbase has revealed that it received a total of 1,914 requests for customer data from global law enforcement agencies during the first six months of 2020. It is, however, not clear how many of the requests were fulfilled. In its first so-called“transparency report” published Friday, the U.S. crypto exchange – which boasts a user base of 38 million – said 97% of the requests had to do with criminal investigations. U.S. agencies accounted for the biggest number of requests, sending 1,113 requisitions or 58% of the total. At least 441 (23%) came from the U.K., 176 or....
Bitcoin exchange Coinbase is under scrutiny by the government agency the IRS, shocking the community. However, it seems Coinbase will be doing everything it can to protect its customer’s data and possibly fight the summons through litigation. Can the IRS Really Sift Through All Coinbase Customers Transactions Over Three Years? As Bitcoin.com reported....
An effort by the US Internal Revenue Service to obtain user records from digital currency exchange Coinbase may take months to resolve. The IRS filed a petition last week in federal court, seeking court approval to subpoena data on customers who bought or sold bitcoin from Coinbase during the period between December 2013 and December 2015. Court filings indicate that no significant action is expected until mid-February. An initial case management conference has been scheduled for 16th February in San Francisco, with 26th January being the last day the two sides could meet to hammer out a....