• Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, August 20, 2022
Digital Coin News
  • Home
  • Crypto Social
  • News
    • Bitcoin News
    • Altcoins
  • NFT’s
    Buterin says Terra recovery should target smaller holders

    Vitalik Buterin Wants To Upgrade NFTs, Crypto Community Opposes Proposal

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    APE avoids broader market weakness

    Here’s Why Apecoin (APE) Price Is Skyrocketing Today

    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

    Uniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

  • Metaverse
    The Sandbox Launches Alpha Season 3 This August

    The Sandbox Launches Alpha Season 3 This August

    Virtual Showrooms: The Future of Retail in the Metaverse

    Virtual Showrooms: The Future of Retail in the Metaverse

    Netflix Goes to Decentraland to Promote “The Gray Man”

    Netflix Goes to Decentraland to Promote “The Gray Man”

    Mirror Worlds: Merging The Metaverse With The Real World

    Mirror Worlds: Merging The Metaverse With The Real World

    Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse

    Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse

    Decentraland's Third Metaverse Art Week To Go Live This Month

    Decentraland’s Third Metaverse Art Week To Go Live This Month

    Metaverse 101 with Meta Starring Keke Palmer

    Metaverse 101 with Meta Starring Keke Palmer

    Experience Ghosts Metaverse in Decentraland

    Experience Ghosts Metaverse in Decentraland

    Samsung Launches 'Space Tycoon' As Metaverse Contributions Continue

    Samsung Launches ‘Space Tycoon’ As Metaverse Contributions Continue

  • Analysis
    bitcoin

    Bitcoin Price Declines Below 50-Day MA, Is A Recovery Expected?

    TA- Trezor (TRB) Holds Strong Above $40, Will The Crypto Pullback Affect It?

    TA- Trezor (TRB) Holds Strong Above $40, Will The Crypto Pullback Affect It?

    Bitcoin

    Bitcoin Price Showing Early Signs of Fresh Downtrend, But $22.5K Is The Key

    Ethereum

    Ethereum Uptrend Vulnerable Unless It Surges Past $1,900

    TA- Binance Coin Price Fails To Break $337, Have Bulls Given Up?

    TA- Binance Coin Price Fails To Break $337, Have Bulls Given Up?

    bitcoin

    Bitcoin Price Must Clear This Level If It Wants To See $28,000

    Bitcoin

    TA: Bitcoin Price Won’t Go Down Quietly: Key Supports To Watch

    Ethereum

    Ethereum Could Take Hit As The Bulls Show Weak Hands

    TA- Dogecoin DOGE Remains Bullish Despite Bearish Signs

    TA- Dogecoin DOGE Remains Bullish Despite Bearish Signs

  • Learn About Crypto
    MATIC (Polygon) Is Exploding! Here’s Why Leading DeFi Projects Are Integrating With Polygon

    MATIC (Polygon) Is Exploding! Here’s Why Leading DeFi Projects Are Integrating With Polygon

    Common Crypto Mistakes To Avoid

    Common Crypto Mistakes To Avoid

    eCash (XEC) Price Prediction

    Circuits of Value (COVAL) Price Prediction

    eCash (XEC) Price Prediction

    Kishu Inu (KISHU) Price Prediction

    eCash (XEC) Price Prediction

    Bitcoin Standard Hashrate Token (BTCST) Price Prediction

    eCash (XEC) Price Prediction

    Optimism (OP) Price Prediction

    eCash (XEC) Price Prediction

    ICON (ICX) Price Prediction

    eCash (XEC) Price Prediction

    eCash (XEC) Price Prediction

    What Is USDT Tether Token?

    What Is USDT Tether Token?

  • Regulation
    South America’s Second-Most Populous Country Considering Central Bank Digital Currency, Says Tax Agency Official

    South America’s Second-Most Populous Country Considering Central Bank Digital Currency, Says Tax Agency Official

    Huobi explains what went wrong with HUSD after stablecoin is back on track

    Huobi explains what went wrong with HUSD after stablecoin is back on track

    Crypto Exchange Gemini Rolls Out Staking for Polygon (MATIC), Says Support for Other Top Altcoins Coming Soon

    Crypto Exchange Gemini Rolls Out Staking for Polygon (MATIC), Says Support for Other Top Altcoins Coming Soon

    Biden is hiring 87,000 new IRS agents — and they’re coming for you

    Biden is hiring 87,000 new IRS agents — and they’re coming for you

    SBI lost 40% of hash rate after stopping mining in Russia: Data

    SBI lost 40% of hash rate after stopping mining in Russia: Data

    FDIC sends 5 companies, including FTX.US, cease and desist letters for making false statements about deposit insurance

    FDIC sends 5 companies, including FTX.US, cease and desist letters for making false statements about deposit insurance

    The Philippines pushes back against foreign exchanges, continuing a protectionist streak

    The Philippines pushes back against foreign exchanges, continuing a protectionist streak

    Hodlnaut cuts 80% of staff, applies for Singapore judicial management

    Hodlnaut cuts 80% of staff, applies for Singapore judicial management

    SEC Doubles Down on Bid Blocking Ripple From Obtaining Evidence in XRP Lawsuit

    SEC Doubles Down on Bid Blocking Ripple From Obtaining Evidence in XRP Lawsuit

No Result
View All Result
  • Home
  • Crypto Social
  • News
    • Bitcoin News
    • Altcoins
  • NFT’s
    Buterin says Terra recovery should target smaller holders

    Vitalik Buterin Wants To Upgrade NFTs, Crypto Community Opposes Proposal

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    APE avoids broader market weakness

    Here’s Why Apecoin (APE) Price Is Skyrocketing Today

    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

    Uniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

  • Metaverse
    The Sandbox Launches Alpha Season 3 This August

    The Sandbox Launches Alpha Season 3 This August

    Virtual Showrooms: The Future of Retail in the Metaverse

    Virtual Showrooms: The Future of Retail in the Metaverse

    Netflix Goes to Decentraland to Promote “The Gray Man”

    Netflix Goes to Decentraland to Promote “The Gray Man”

    Mirror Worlds: Merging The Metaverse With The Real World

    Mirror Worlds: Merging The Metaverse With The Real World

    Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse

    Manchester City Teams Up With Roblox To Unveil New Kit In The Metaverse

    Decentraland's Third Metaverse Art Week To Go Live This Month

    Decentraland’s Third Metaverse Art Week To Go Live This Month

    Metaverse 101 with Meta Starring Keke Palmer

    Metaverse 101 with Meta Starring Keke Palmer

    Experience Ghosts Metaverse in Decentraland

    Experience Ghosts Metaverse in Decentraland

    Samsung Launches 'Space Tycoon' As Metaverse Contributions Continue

    Samsung Launches ‘Space Tycoon’ As Metaverse Contributions Continue

  • Analysis
    bitcoin

    Bitcoin Price Declines Below 50-Day MA, Is A Recovery Expected?

    TA- Trezor (TRB) Holds Strong Above $40, Will The Crypto Pullback Affect It?

    TA- Trezor (TRB) Holds Strong Above $40, Will The Crypto Pullback Affect It?

    Bitcoin

    Bitcoin Price Showing Early Signs of Fresh Downtrend, But $22.5K Is The Key

    Ethereum

    Ethereum Uptrend Vulnerable Unless It Surges Past $1,900

    TA- Binance Coin Price Fails To Break $337, Have Bulls Given Up?

    TA- Binance Coin Price Fails To Break $337, Have Bulls Given Up?

    bitcoin

    Bitcoin Price Must Clear This Level If It Wants To See $28,000

    Bitcoin

    TA: Bitcoin Price Won’t Go Down Quietly: Key Supports To Watch

    Ethereum

    Ethereum Could Take Hit As The Bulls Show Weak Hands

    TA- Dogecoin DOGE Remains Bullish Despite Bearish Signs

    TA- Dogecoin DOGE Remains Bullish Despite Bearish Signs

  • Learn About Crypto
    MATIC (Polygon) Is Exploding! Here’s Why Leading DeFi Projects Are Integrating With Polygon

    MATIC (Polygon) Is Exploding! Here’s Why Leading DeFi Projects Are Integrating With Polygon

    Common Crypto Mistakes To Avoid

    Common Crypto Mistakes To Avoid

    eCash (XEC) Price Prediction

    Circuits of Value (COVAL) Price Prediction

    eCash (XEC) Price Prediction

    Kishu Inu (KISHU) Price Prediction

    eCash (XEC) Price Prediction

    Bitcoin Standard Hashrate Token (BTCST) Price Prediction

    eCash (XEC) Price Prediction

    Optimism (OP) Price Prediction

    eCash (XEC) Price Prediction

    ICON (ICX) Price Prediction

    eCash (XEC) Price Prediction

    eCash (XEC) Price Prediction

    What Is USDT Tether Token?

    What Is USDT Tether Token?

  • Regulation
    South America’s Second-Most Populous Country Considering Central Bank Digital Currency, Says Tax Agency Official

    South America’s Second-Most Populous Country Considering Central Bank Digital Currency, Says Tax Agency Official

    Huobi explains what went wrong with HUSD after stablecoin is back on track

    Huobi explains what went wrong with HUSD after stablecoin is back on track

    Crypto Exchange Gemini Rolls Out Staking for Polygon (MATIC), Says Support for Other Top Altcoins Coming Soon

    Crypto Exchange Gemini Rolls Out Staking for Polygon (MATIC), Says Support for Other Top Altcoins Coming Soon

    Biden is hiring 87,000 new IRS agents — and they’re coming for you

    Biden is hiring 87,000 new IRS agents — and they’re coming for you

    SBI lost 40% of hash rate after stopping mining in Russia: Data

    SBI lost 40% of hash rate after stopping mining in Russia: Data

    FDIC sends 5 companies, including FTX.US, cease and desist letters for making false statements about deposit insurance

    FDIC sends 5 companies, including FTX.US, cease and desist letters for making false statements about deposit insurance

    The Philippines pushes back against foreign exchanges, continuing a protectionist streak

    The Philippines pushes back against foreign exchanges, continuing a protectionist streak

    Hodlnaut cuts 80% of staff, applies for Singapore judicial management

    Hodlnaut cuts 80% of staff, applies for Singapore judicial management

    SEC Doubles Down on Bid Blocking Ripple From Obtaining Evidence in XRP Lawsuit

    SEC Doubles Down on Bid Blocking Ripple From Obtaining Evidence in XRP Lawsuit

No Result
View All Result
Digital Coin News
No Result
View All Result
Home Regulation

Leak reveals SEC has open case on every US crypto exchange, not just Coinbase

August 5, 2022
in Regulation
0
Leak reveals SEC has open case on every US crypto exchange, not just Coinbase
81
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

A leak has revealed that the SEC is investigating not just Coinbase but all U.S.-based crypto exchanges and the world’s largest exchange by volume, Binance, Forbes reported on August 5.

The leak came from an unnamed staffer at U.S. Senator Cynthia Lummis’ office, who revealed the affected exchanges are “at various stages” of investigation.

On July 26, the SEC publically announced it had opened an investigation on Coinbase over allegations that it listed unregistered securities as part of its product offerings.

Days before the announcement, the company’s Chief Legal Officer Paul Grewal made a blog post stating:

“Coinbase does not list securities on its platform. Period.”

Is crypto classified as a security or commodity?

Recently, the Commodity Futures Trading Commission (CFTC) has expressed interest in expanding its jurisdiction to cover crypto markets — a move seemingly approved by several exchanges, including FTX, whose CEO Sam Bankman-Fried was actively lobbying for this to happen.

On August 3, the Senate Agriculture Committee, which manages the CFTC, introduced a bill to grant the agency “exclusive jurisdiction over the digital commodities spot market.”

The Digital Commodities Consumer Protection Act of 2022 will create a framework designed to regulate “digital commodities,” but would exclude tokens determined to be “digital securities.”

Senator John Boozman said the digital asset industry is currently governed “by a patchwork of regulations at the state level,” which he deemed inadequate to protect consumers from fraud.

During an interview with CNBC in May, CFTC Chair Rostin Behnam called for every cryptocurrency to be designated either a commodity or security. He claimed that Bitcoin and Ether are commodities and should fall under his agency’s jurisdiction.

Staffer discloses conflict between SEC and CFTC

Based on several case actions — most notably the SEC vs. Ripple — the securities watchdog has racked up a negative reputation in the crypto industry.

In a tweet from August 2021, Ripple CEO Brad Garlinghouse blasted the SEC’s governing of digital assets, which he characterized as “regulation by enforcement” of impossible to achieve standards.

“The SEC’s lawsuit isn’t just about Ripple, it’s about what ‘…impossible standards of fair notice and due process’ through regulation by enforcement can do to crypto innovation. ‘Anyone could be next without warning.’”

According to the staffer, the SEC is keen to “resolve its dispute with the CFTC over crypto jurisdiction.” Failure to straighten the issue internally would result in Congress getting involved, which would likely favor the CFTC.

Forbes claimed that many U.S exchanges are likely to have already received a notice of action by the SEC.



Source link

Tags: CaseCoinbaseCryptoExchangeleakOpenRevealsSEC
Previous Post

Congress will likely decide the fate of crypto jurisdiction — Lummis staffer

Next Post

Ethereum Eyes Fresh Surge As It Holds Key Uptrend Support

Next Post
Ethereum

Ethereum Eyes Fresh Surge As It Holds Key Uptrend Support

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Gala Games (GALA) Announces Galaverse Dates; GALA Price Jumps By 18% In Last 24 hrs

Gala Games (GALA) Announces Galaverse Dates; GALA Price Jumps By 18% In Last 24 hrs

February 15, 2022
Bitfinex Hack Suspect Reportedly Negotiating a Plea Deal 13

Bitfinex Hack Suspect Reportedly Negotiating a Plea Deal

March 1, 2022
Ethereum: Despite bleak price action in ETH, here's what derivatives data has to say

Ethereum: Despite bleak price action in ETH, here’s what derivatives data has to say

May 8, 2022

Browse by Category

  • Altcoins
  • Analysis
  • Bitcoin News
  • Learn About Crypto
  • Metaverse
  • NFT’s
  • Regulation
Digital Coin News

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Metaverse, NFT Market, and more.

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin News
  • Learn About Crypto
  • Metaverse
  • NFT’s
  • Regulation

RECENT POST

  • South America’s Second-Most Populous Country Considering Central Bank Digital Currency, Says Tax Agency Official
  • Bitcoin Price Declines Below 50-Day MA, Is A Recovery Expected?
  • Huobi explains what went wrong with HUSD after stablecoin is back on track
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2022 Digitalcoinnews.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto Social
  • News
    • Bitcoin News
    • Altcoins
  • NFT’s
  • Metaverse
  • Analysis
  • Learn About Crypto
  • Regulation

© 2022 Digitalcoinnews.com - All rights reserved.

  • bitcoinBitcoin(BTC)
    $21,044.00-7.58% 24H
    BITCOIN
    24H : -7.58%
    Volume : $34,338,211,345.00
    Marketcap : $402,395,028,625.00
  • ethereumEthereum(ETH)
    $1,622.01-10.75% 24H
    ETHEREUM
    24H : -10.75%
    Volume : $22,701,241,178.00
    Marketcap : $194,955,354,356.00
  • tetherTether(USDT)
    $1.000-0.02% 24H
    TETHER
    24H : -0.02%
    Volume : $61,839,349,705.00
    Marketcap : $67,566,080,989.00
  • usd-coinUSD Coin(USDC)
    $0.999-0.11% 24H
    USD COIN
    24H : -0.11%
    Volume : $7,362,846,381.00
    Marketcap : $52,419,017,593.00
  • binancecoinBNB(BNB)
    $285.02-2.24% 24H
    BNB
    24H : -2.24%
    Volume : $1,521,023,675.00
    Marketcap : $46,600,257,392.00