Coinbase Reportedly Facing SEC Probe for Listing Unregistered Securities
Coinbase, the U.S.-based cryptocurrency exchange, is reportedly facing a probe from the Securities and Exchange Commission (SEC) over the listing of several crypto assets on its platform. The investigation, according to three people with ostensible knowledge of the matter, is examining whether the exchange has been listing assets that can be classified as unregistered securities. Coinbase Reportedly Under SEC Scrutiny Coinbase, a leading U.S.-based cryptocurrency exchange, is reportedly facing increased scrutiny from the SEC due to the expansion of the number of tokens listed on....
Related News
Michael Bacina, an Australian digital assets lawyer told Cointelegraph that the investigation could see a far-reaching impact on crypto exchanges and the token projects involved. An investigation reportedly launched by the Securities and Exchange Commission (SEC) into Coinbase’s alleged trading of unregistered securities could have a “serious and chilling effect” on crypto exchanges and token projects, according to a legal expert. Michael Bacina, an Australian digital assets lawyer with Piper Alderman told Cointelegraph that the impact on exchanges and projects may occur whether or not the....
A class-action lawsuit has been filed against the Nasdaq-listed cryptocurrency exchange Coinbase alleging that the platform lets customers trade 79 cryptocurrencies that are unregistered securities, including XRP, dogecoin (DOGE), and shiba inu (SHIB).
Lawsuit Claims Coinbase Sold 79 Unregistered Crypto Securities to Customers
A class-action lawsuit was filed last week against Coinbase Global Inc., Coinbase Inc., and CEO Brian Armstrong.
Lead plaintiffs and Coinbase users Christopher Underwood, Louis Oberlander, and Henry Rodriguez allege that from Oct. 8, 2019, to....
The two cryptocurrency exchanges are under increased U.S. scrutiny for allegedly listing unregistered securities and evading sanctions, respectively.
Prominent crypto exchange Coinbase is set to face a class-action lawsuit by some customers over accusations of selling securities as an unregistered dealer-broker. This latest development comes amid the exchange’s interlocutory appeal in an ongoing case with the US Securities and Exchange Commission (SEC). Related Reading: Ripple Vs. SEC Lawsuit: XRP Price Balks At The […]
The U.S. Securities and Exchange Commission (SEC) has greenlighted Coinbase’s initial public offering via a direct listing on Nasdaq, the company has confirmed. Coinbase’s IPO is set to debut in two weeks, on April 14. Coinbase IPO to Debut in 2 Weeks Coinbase Global Inc. announced Thursday that the U.S. Securities and Exchange Commission (SEC) has declared its registration statement relating to its initial public offering (IPO) effective. The company has also set a date for its IPO, stating: Coinbase anticipates that its Class A common stock will begin trading on the Nasdaq....