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Judge Partially Grants Coinbase Motion in Compelling SEC To Produce Key Documents, Cites Ripple Case in Order

Judge Partially Grants Coinbase Motion in Compelling SEC To Produce Key Documents, Cites Ripple Case in Order

A judge is partially granting a motion by Coinbase that would force the U.S. Securities and Exchange Commission (SEC) to produce critical documents. Last month, Coinbase filed the motion to procure the documents related to its previous communication with crypto issuers because they believe the regulatory body’s enforcement actions have been inconsistent. The SEC first […]

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Top US Crypto Exchange Coinbase Adds New Ethereum (ETH) Layer-2 Scaling Protocol to Listing Roadmap

Top US Crypto Exchange Coinbase Adds New Ethereum (ETH) Layer-2 Scaling Protocol to Listing Roadmap

Coinbase added the new native asset of an Ethereum (ETH) layer-2 scaling protocol to its listing roadmap on Friday, putting the token on the potential path to trading on the top US crypto exchange. Zksync (ZK), the newest addition to the listing roadmap, bills itself as “an ever-expanding verifiable blockchain network, secured by math.” The […]

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Coinbase secures partial victory over SEC in motion to compel discovery

Paul Grewal, Coinbase’s chief legal officer, said the SEC would be compelled to produce “important discovery” in its civil case after a judge’s order.

After a victory in federal court, lawyers for cryptocurrency exchange Coinbase may soon have access to United States Securities and Exchange Commission (SEC) documents related to the regulator’s application of tokens as securities. 

In a Sept. 5 filing in the US District Court for the Southern District of New York, Judge Katherin Failla granted in part and denied in part Coinbase’s motion to compel discovery from the SEC. The exchange had been fighting with the commission since July over the scope of its request to compel the SEC to produce documents related to the regulator’s approach to digital assets.

According to Coinbase chief legal officer Paul Grewal, the Sept. 5 order would result in the SEC producing “important discovery” for the civil case. The SEC filed an enforcement action against Coinbase in June 2023, alleging the firm had been operating as an unregistered securities exchange, broker and clearing agency.

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Little Known Altcoin Moonwell (WELL) Shoots for the Moon After Coinbase Roadmap Addition

Little Known Altcoin Moonwell (WELL) Shoots for the Moon After Coinbase Roadmap Addition

An under-the-radar altcoin is skyrocketing after being added to Coinbase’s listing roadmap. In a new thread on the social media platform X, top US-based crypto exchange platform Coinbase is announcing the addition of decentralized finance (DeFi) protocol Moonwell (WELL) to its suite of products. News of the addition sent WELL flying as it went from […]

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Coinbase Adds Support for Highly-Anticipated Polygon (MATIC) Re-Brand Token Polygon Ecosystem Token (POL)

Coinbase Adds Support for Highly-Anticipated Polygon (MATIC) Re-Brand Token Polygon Ecosystem Token (POL)

Top US-based crypto exchange Coinbase is adding support for the Polygon’s (MATIC) highly anticipated rebrand to the Polygon Ecosystem Token (POL). In a new announcement, Coinbase Assets says it’s adding POL to its suite of products with an experimental label, meaning it could display high price volatility or relatively low trading volume. Last month, Coinbase […]

The post Coinbase Adds Support for Highly-Anticipated Polygon (MATIC) Re-Brand Token Polygon Ecosystem Token (POL) appeared first on The Daily Hodl.

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Coinbase CLO says he’s ‘encouraged’ by Harris campaign reaching out

With 63 days until the US election and early voting starting in September, single-issue crypto voters have a limited window to decide between Kamala Harris and Donald Trump.

Paul Grewal, the chief legal officer at cryptocurrency exchange Coinbase, said that despite the different approaches that major party candidates are taking in the United States 2024 presidential election, he was encouraged by the Democratic ticket. 

In a Sept. 3 interview with Bloomberg, Grewal said Coinbase had been in touch with representatives from Democratic candidate Kamala Harris’ and Republican Donald Trump’s campaigns regarding their attempts to engage with the industry before the November election. The Coinbase CLO said Trump’s campaign had been “explicit” in its claims about embracing pro-crypto policies but hinted Harris officials also seemed to have an open-minded approach to digital assets. 

“[W]e’ve been encouraged, even as the current administration under [Securities and Exchange Commission (SEC) Chair] Gary Gensler continues with its campaign of regulation by enforcement, the Harris campaign [...] has reached out, has expressed an interest, and has begun discussions about what a new approach to crypto and digital assets could look like,” said Grewal.

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Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’

Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal, it retained the right to contest them, leading to frustration within the crypto community. This uncertainty has […]

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Coinbase Reports Its First AI-to-AI Crypto Transaction

Coinbase Reports Its First AI-to-AI Crypto TransactionCoinbase CEO Brian Armstrong announced the platform’s first AI-to-AI cryptocurrency transaction, highlighting a new application of digital currency by artificial intelligence agents. Armstrong believes this advancement will enhance AI’s capacity to independently obtain resources and engage with humans and other AI systems. He encourages developers to add crypto wallets to support the growth of AI-to-AI […]

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First ‘AI to AI’ Crypto Payments Now Underway, According to Coinbase CEO Brian Armstrong

First ‘AI to AI’ Crypto Payments Now Underway, According to Coinbase CEO Brian Armstrong

Coinbase chief executive Brian Armstrong says that artificial intelligence (AI) agents are now making crypto transactions among themselves. In a new thread on the social media platform X, Armstrong says the top US-based crypto exchange witnessed its first AI-to-AI transaction earlier this week. “What did one AI buy from another? Tokens! Not crypto tokens, but […]

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South Korea’s Bitcoin Premium Persists Amid Market Volatility

South Korea’s Bitcoin Premium Persists Amid Market VolatilityDespite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate hits $59,900, reflecting a 1.52% premium. Despite First Negative Dip Since Oct. 2023, South Korea’s Bitcoin Premium Continues Interestingly, […]

99.6% of Pump.fun traders haven’t locked in over $10K in profits: Data