After minting more than 10.6 million Polygon NFTs, Reddit is launching a huge Gen 3 collection today. Artists tell Decrypt what to expect.

Reddit Just Dropped Thousands More NFTs on Polygon From Over 100 Artists

The United States Securities and Exchange Commission (SEC) has been in the headlines for the past few days and today, the markets regulator has announced the introduction of new rules to prevent fraud on Securities-Based Swap (SBS) entities.  According to the release from the SEC, in addition to preventing fraud, the new rules help ward 
The post Breaking: US SEC Floats New Rules for Securities Based Swaps, Here’s What it Means for Crypto appeared first on CoinGape.

Breaking: US SEC Floats New Rules for Securities Based Swaps, Here’s What it Means for Crypto | Coingape

Retail trading giant Robinhood is reportedly reviewing its crypto offerings after the U.S. Securities and Exchange Commission (SEC) filed lawsuits this week against Binance and Coinbase. According to a new Bloomberg report, Robinhood’s legal chief Dan Gallagher says the company is combing through the SEC’s legal filings and deciding whether to modify the platform’s crypto […]
The post Robinhood Says It’s Reviewing Its Crypto Offerings Following SEC Lawsuit Against Binance and Coinbase: Report appeared first on The Daily Hodl.

Robinhood Says It’s Reviewing Its Crypto Offerings Following SEC Lawsuit Against Binance and Coinbase: Report

In a fiery showdown, Coinbase CEO Brian Armstrong confronts the Securities and Exchange Commission (SEC) lawsuit, igniting a passionate response from the crypto community. His unwavering defense not only stirs enthusiasm among supporters but also intensifies demands for clear regulations in the industry. Armstrong has welcomed the SEC lawsuit against his exchange, stating that a court battle will help establish much-needed clarity around crypto rules and regulations.  “Regarding the SEC complaint against us today, we’re proud to represent the industry in court to finally get some clarity around crypto rules. We’ll get the job done. In the meantime, let’s all keep moving forward and building as an industry. America will get this right in the end,” the CEO said. Taking The SEC Head On Armstrong expressed unwavering confidence in Coinbase’s legal team and the facts surrounding cryptocurrencies and the law. In a tweet, he stated that representing the industry in court against the SEC was essential to obtain the long-awaited clarity in the crypto space.  Related Reading: Bitcoin Realized Loss Remains Low Despite Volatility, What Does This Mean? He further emphasized that Coinbase underwent a rigorous review process by the SEC when it became a public company in 2021 and highlighted the regulatory inconsistencies between the SEC and the Commodity Futures Trading Commission (CFTC). Coinbase CEO’s Defense Spurs Enthusiasm And Demands For Regulatory Clarity Armstrong’s unflinching confidence reverberates through the crypto space as he takes a stand against the SEC. The SEC’s lawsuit against Coinbase alleges a violation of securities laws, claiming that the exchange offered unregistered securities and operated as an unregistered security broker. The inclusion of prominent tokens like Polygon (MATIC), Cardano (ADA), and Solana (SOL) in the lawsuit further amplifies the anger within the community.  COIN recovers to $52 after Tuesday crash | Source: Coinbase Global, Inc on TradingView.com However, crypto enthusiasts feel the weight of the SEC’s regulatory overreach, demanding fair treatment and a clear delineation between securities and commodities.  Coinbase’s relationship with the SEC has been marred by contention and frustration. The exchange has long called for transparent rules and guidelines from the SEC, seeking clarity on which digital assets should be classified as securities.  In response to the SEC’s lack of action, Coinbase previously filed a lawsuit, highlighting the need for regulatory guidance. Now, the battle intensifies as the SEC counters Coinbase’s plea for clarity with legal action, fueling the community’s determination to fight for a just and equitable regulatory framework. Related Reading: Late Evidence In Criminal Trial Irks SBF, FTX Explores Options For AI Stock Sale Coinbase’s stock COIN has suffered following the lawsuit, falling from $66 to $45 in one day before recovering above $52 where it is currently trading at the time of this writing. It is left to see where the lawsuit leads but the crypto market seems to have moved forward as prices have begun to recover with Bitcoin rising over 3% in the last 24 hours. Featured image from The Cryptocurrency Post, chart from TradingView.com

Coinbase CEO Takes On SEC, Igniting Crypto Community’s Passion for Clarity

The 2 billion SWEAT tokens, which accounted for nearly 13% of the total supply, are currently locked up in a 24-month contract in inactive user accounts.

Decentralized App Sweat Economy Unveils Governance Vote to Decide the Fate of 2B SWEAT Tokens

Robinhood is reviewing its crypto offerings after the U.S. Securities and Exchange Commission (SEC) went after major digital assets exchanges. In lawsuits against Binance and Coinbase, the regulator claims that a number of tokens listed by the trading platforms are unregistered securities. Robinhood Reviews Cryptocurrency Offerings Amid U.S. Crackdown on Leading Exchanges U.S.-based online broker […]

Robinhood ‘Actively Reviewing’ Listed Coins After SEC Sues Binance and Coinbase

A court has issued a summons to CZ, Binance's CEO, on behalf of the Securities and Exchange Commission. Even as the legal case unfolds, Coinbase remains undecided on delisting assets.
The post CZ Gets Court Summons, Coinbase Undecided on Delisting Assets Following SEC Complaint appeared first on BeInCrypto.

CZ Gets Court Summons, Coinbase Undecided on Delisting Assets Following SEC Complaint

Bitcoin (BTC) bounced back after tumbling to a three-month low of less than $25,000 on Tuesday following news that Coinbase (COIN) had been sued by the SEC on allegations of violating federal securities law. This followed a similar suit against Binance on Monday. Arca Chief Investment Officer Jeff Dorman weighs in. Plus, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger discusses how regulatory action is impacting consumers. And, CoinDesk Managing Editor Nikhilesh De breaks down the latest developments as SEC seeks a temporary restraining order to freeze assets tied to Binance.US on Tuesday.

Crypto Markets Bounce Back After SEC Action Against Coinbase, Binance

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Banks have lost trust through government actions

The U.S. Securities and Exchange Commission (SEC) asked a court to grant a temporary restraining order to freeze assets tied to Binance.US. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the latest developments.

SEC Seeks Temporary Restraining Order to Freeze Binance.US Assets

Gary Gensler and the SEC want to freeze Binance US assets, Robinhood to delist cryptocurrencies, DEX volume spikes 444% and Cardano responds to the SEC calling them a security! 

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DELISTING ADA, MATIC, SOL? 444% Surge? Crypto Assets FROZEN

Despite numerous setbacks and challenges, the crypto market is defying all odds and standing strong! Witness the collapse of Terra, the liquidation of 3 Arrows Capital, the bankruptcy of Celsius and Voyager, the shocking allegations against FTX, and the legal battles between SEC and Binance as well as Coinbase.

But here's the mind-blowing part: Bitcoin continues to trade at an impressive $26,000, while the total market cap of all cryptocurrencies surpasses $1 trillion.

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