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Coinbase Avoids SEC Clash by Dropping Crypto Lend Product

Coinbase Global Inc. headed off confrontation with Securities and Exchange Commission announcing it was shelving a much ballyhooed digital asset lending product, Lend, two weeks after Coinbase revealed that it had received a SEC Wells notice. SEC determined LEnd involves a security.
Coinbase Global Inc Exchange Commission Supreme Court Securities Exchange Commission Ernst Young Securities Exchange

Ripple lawyers highlight regulatory uncertainty from SEC on recent Coinschedule case

7/20/2021 4:12:27 AM GMT The legal team behind Ripple has started building a new defense using the recent settlement between the SEC and Coinschedule. Ripple lawyers argue that there is a lack of legal clarity surrounding digital assets as securities. An attorney familiar with the case stated that the Ripple execs could not have known they violated securities law if any in 2013. Ripple continues to present a new defense for its case filed by the United States Securities & Exchange Commissio...
United States Chris Larsen John Deaton Elad Roisman Hester Peirce Brad Garlinghouse

SEC intensifies scrutiny of crypto

REGISTER NOW The Securities and Exchange Commission is ramping up enforcement against cryptocurrency providers, as the Internal Revenue Service has also stepped up investigations and compliance efforts. On Wednesday, the SEC announced that it had settled charges with a U.K.-based company, Blotics, that used to operate Coinschedule.com, a once-popular website that profiled offerings of digital asset securities. The SEC found the company violated the anti-touting provisions of U.S. securities law...
New Jersey United States Andrew Harrer Bloomberg Gary Gensler Ken Joseph John Doe

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