Coinbase Urges Court to Compel SEC Action on Rulemaking Petition
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, […]
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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 […]
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....
In a bid to defend itself against the “complex cryptocurrency action” brought against it by the US Securities and Exchange Commission (SEC), Terraform Labs has once again filed a motion against Citadel Securities, asking the court to compel the market maker to provide certain documents. Citadel May Have Caused UST Depeg In the court filing […]
A French parliament member has signed a petition to amend the laws to enable the central bank of France to buy and hold bitcoin as well as other cryptocurrencies. The petition urges lawmakers to urgently consider the matter, warning that not owning bitcoin will put France “in a financially weak position within 5-10 years.” Petition to Allow Central Bank to Buy Bitcoin Jean-Michel Mis, a member of the French National Assembly, the lower house of parliament, announced in a tweet Friday that he has signed a petition to amend the laws to enable the Banque de France, the....
Transaction records of Coinbase users, specifically bitcoiners, have been targeted by the Internal Revenue Service (IRS), according to a federal case filed in the U.S. District Court in the California Northern District Court. First revealed by ZeroHedge on a late Thursday night November 17, the civil petition was filed in the federal court in California the same day. With a “John Doe” summons, a summons issued by the IRS to a third party to provide information on unnamed, unknown taxpayer(s), the filing reads: Based upon a review of the Petition and supporting documents, the Court has....