Tag: SEC

Coinbase faces an research of the SEC on the historical metrics of the users: Report

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  • The shares fall 6% after a report on a federal investigation.
  • The regulatory scrutiny occurs when Coinbase fights with the sequels of a rape of revealed cybersecurity earlier in the day.
  • According to reports, computer pirates stole customer data and demand a rescue of 20 million dollars.

    • Coinbase confirmed Thursday that the US stock and values ​​commission. UU. It is investigating whether the company exaggerated the number of users in previous disseminations.

    The development, first reported by The New York Times, contributed to a fall of around 6% in Coinbase actions during the session.

    The research focuses on Coinbase reports on “verified users”, a metric that the company has cited in promotional presentations and materials for a total of more than 100 million.

    According to the report, the investigation originated during the Biden administration and has continued under the current SEC, which has adopted a comparatively more complacent position towards the cryptocurrency industry.

    “This is a retention investigation of the previous administration on a metric that we stopped informing two and a half years ago, which was completely disclosed to the public,” said Paul Grewal, legal director of Coinbase, in a statement to CNBC.

    He added that the number of verified users includes anyone who has completed an email verification or telephone number, which could have led to an overestimation of unique customers.

    Grewal also emphasized that Coinbase now focuses on a different dissemination: users who make monthly transactions, a figure that the company considers a more relevant indicator of the platform activity.

    “While we firmly believe that this research should not continue, we remain committed to working with the S to close this matter,” he added.

    Cybert

    The regulatory scrutiny occurs when Coinbase fights with the sequels of a rape of revealed cybersecurity earlier in the day. According to reports, computer pirates stole customer data and demand a rescue of 20 million dollars. Coinbase estimates that the incident could cost the company to USD 400 million.

    The moment aggravates an already volatile period for the company. Coinbase recently announced its inclusion in the S&P 500 index, starting next week, and revealed plans to acquire the Cryptoderivated Deribit platform as part of its global expansion strategy.

    Speaking in a profit call last week, CEO Brian Armstrong said his goal is to make coinbase “the application of financial services number 1 in the world” within the next five to 10 years. Coinbase is currently operating the largest cryptocurrency in the United States.

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    The SEC delays the decision about the XRP ETF of Franklin Templeton

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    • The United States has delayed its decision to approve or disapprove Franklin Templeton’s request for an XRP cash.
    • The SEC has extended the ETF XRP review period until June 17, 2025.
    • ETF expert James Seyffart says that most final verdicts for most ETF proposals are made in October or later.

    The US stock and values ​​commission. UU. (SEC) has postponed its decision on the Bag in the Bolsa (ETF) of XRP to the counted proposed by Franklin Templeton.

    The announcement of the SEC, of ​​April 29, 2025, establishes that the regulator will have until June 17, 2025. This is the deadline to decide whether to approve or reject the XRP ETF in cash. A new delay gives the agency more time to evaluate Franklin Templeton’s proposal.

    The sec postpones the decision about the ETF XRP of Franklin Templeton

    According to the presentation Of the SEC, the agency requires a longer period to evaluate Franklin Templeton’s request, which was initially presented on March 19, 2025.

    The proposal aims to list and negotiate actions of the Franklin XRP fund under rule 8.201-E of Nyse Arca. The SEC said that the extended review period, now established in 45 days, can be extended even more to 240 days from the initial publication in the Federal Registry, which could delay a final decision until mid -October 2025.

    According to the presentation of the SEC, the delay is within the law and offers time to thoroughly examine the proposed rule change and its alignment with the requirements of the self -regulating organization. It is not completely new, the measure is aligned with a cautious deliberation pattern that the SEC has adopted with respect to financial products related to cryptocurrencies, after taking years to approve the Bitcoin ETF spot and ETF spot of Ether.

    What comes below according to the ETF analyst?

    Despite the delays, the demand for these ETF of cryptocurrencies by investors continues to increase. In recent months, issuers have submitted more than 70 proposals seeking authorization to include funds quoted in the stock market (ETF) in the main Altcoins. XRP, Solana, Litecoin, Hedera and Dogecoin are among the most anticipated.

    In relation to the delay, Bloomberg’s ETF analyst James Seyffart, affirmed which provides for more DEC delays this week and in the next few days. It should be noted that the regulator has also postponed its decisions about Ethereum Staking and the ETFs of Dogecoin. Seyffart anticipates that the limit dates for most ETF presentations will be in October 2025 or later.

    Seyffart said: «Prevent more delays today, or at least this week, in some presentations of ETF of Solana and Hedera/Hbar. It is expected, in my opinion. The final deadline for most of these procedures is October 2025 or later ».

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    Ripple delays its public price despite the clarity of the SEC and a value of 11.3 billion dollars

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    • Ripple has raised 318.5 million dollars in total, backed by Andreessen Horowitz and others.
    • Acquire Hidden Road for 1,250 million dollars to expand in digital finances.
    • The launch of the stable RLUSD currency positions Ripple for a broader role in the market.

    Ripple has confirmed that he will not make an initial public offer (OPI) in 2025, which marks a notable change after years of market speculation. Despite having resolved a high profile dispute with the US stock and values ​​commission. UU. (SEC), the company behind XRP states that it has no intention of going over. Instead, Ripple focuses on alternative growth strategies, including important acquisitions, while preparing to become a global actor both in traditional and digital finances. The announcement has surprised veteran analysts and investors, who considered an OPI as the next logical step after the legal clarity and solid financial position of Ripple.

    Ripple slows his supter plans despite his financial stability

    Ripple’s decision to delay his IPO comes at a time when the company is possibly better positioned than ever.

    President Monica Long told CNBC that Ripple has billions of dollars in reservations and does not require external capital to finance operations or raise its profile.

    In general, IPO are carried out to ensure financing or increase visibility, but Ripple states that none of these objectives is necessary.

    The company had already considered the possibility of going over, especially after obtaining partial legal clarity in its battle with the SEC.

    Executive director Brad Garlinghouse declared in 2023 that an IPO was not ruled out, but since then he confirmed that the price is not a short -term priority.

    The repurchase of Ripple shares in early 2024 valued the company at 11.3 billion dollars, below the maximum of 15,000 million dollars reached in 2022, indicating a cooling of the previous enthusiasm of investors.

    The repurchases of shares and financing reconfigure the capital base of Ripple

    In January 2024, Ripple repurified shares worth $ 285 million to a reduced assessment, which raises total financing to 318.5 million dollars to date.

    While that figure may seem modest compared to public technological giants, the Ripple sponsors list remains remarkable.

    Among investors are included Andreessen Horowitz, Founders Fund and Google Ventures, indicating that the support of Ripple risk capital remains strong even in the absence of a public contribution.

    The repurchase also offered the first shareholders a partial departure, which suggests that Ripple could be readjusting its investor base in preparation for a longer term strategy that does not depend on an IPO.

    The strategic approach focuses on the acquisitions and stable currencies

    Instead of quoting in the stock market, Ripple is redoubled his efforts in strategic acquisitions to boost his growth. Recently, the company acquired Hidden Road for 1,250 million dollars.

    Hidden Road is a digital asset brokerage platform that processes more than 3 billion dollars in annual transactions. Ripple expects this agreement to significantly strengthen its presence in the global financial ecosystem.

    This acquisition is aligned with Ripple’s efforts to enter the stable currency market.

    The company is preparing to launch Rlusd, a token backed in dollars that could compete with existing currencies such as USDC and Tether.

    By merging traditional financial infrastructure with native cryptocurrency tools, Ripple points to a broader role in cross -border payments and liquidity solutions.

    Ripple’s change raises questions about cryptocurrency IPO trends

    Ripple’s change of direction can also reflect broader market conditions.

    The OPI market has remained warm since 2022, and technology companies are increasingly cautious when it comes to giving it in the midst of macroeconomic volatility and regulatory obstacles.

    Ripple hesitation could be a sign that cryptocurrency companies are re -evaluating the usefulness and risks of public contributions.

    Although there are no immediate plans to go over, Ripple is still a dominant actor in the space of digital assets.

    His legal clarity in the US, its wide associations abroad and its renewed focus on tokenized finances suggest that the company is betting on long -term infrastructure over the short -term market attention.

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    The US SEC will celebrate four rounded round tables on cryptocurrencies

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    • The next round table on cryptocurrencies will take place on April 25, and the others will take place on May 6 and June 6.
    • Mary Uyeda is an interim president of the United States Stock Exchange and Securities Commission (SEC).
    • The confirmation of Paul Atkins as president of the SEC has been delayed due to paperwork problems.

    The US stock and values ​​commission. UU. (SEC) will organize four plus round tables on cryptocurrencies after the first held on March 21.

    Organized by the working group on cryptocurrencies of the SEC, the next – among the sword and the wall: adapting the regulation for cryptocurrency trade – will take place on April 11, according to a advertisement of the sec. The following round tables will take place on April 25, on May 12 and June 6.

    Round Table program on cryptocurrencies of the sec. Fountain: Sec

    Commissioner Hester M. Peirce, leader of the working group on cryptocurrencies, said:

    “The round tables of the working group on cryptocurrencies give us the opportunity to listen to an animated debate between experts about regulatory problems and the measures that the commission can take to solve them.”

    The decision to program more round tables on cryptocurrencies occurs after the first of the SEC earlier this month.

    Change of attitudes

    Released on January 21 by the interim president of the SEC, Mark Uyeda, the Crypto Task Force aims to provide a “comprehensive and clear regulatory framework for cryptoactives”.

    It also occurs when the SEC changes its vision on the cryptocurrency industry. After the re -election of the president of the United States, Donald Trump, the agency has experienced a significant change, withdrawing several demands against cryptocurrency companies.

    In recent weeks, these have included Coinbase, Gemini, Kraken, Robinhood Crypto and Uniswap. Last week, Brad Garlinghouse, CEO of Ripple, said the SEC will withdraw its appeal against the company.

    Yesterday, Immutable said the SEC had abandoned its research on the Web3 Game Platform, which marks a great victory for the company.

    Uyeda took the reins of the SEC after Gary Gensler resigned in January.

    Trump appointed Paul Atkins as the next president of the SC; However, its confirmation is being delayed due to paperwork problems.

    The Post La Sec de USA. UU. It will celebrate four more round tables on Cryptocurrencies Appeared First on coinjournal.

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    Canary Capital presents Form S-1 for an ETF sui before the SEC

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    • The bottom quoted in the stock market (ETF) Sui de Canary Capital has been recognized by the United States Stock Exchange and Securities Commission (SEC)
    • The cryptocurrency fund manager has presented several ETF of Altcoin before the SEC, including Hedera, Litecoin and XRP.
    • Sui’s ETF arises after World Liberty Financial (WLFI), backed by Trump, announced last week that would add sui assets to its Tokens reserve.

    Canary Capital has presented an S-1 form before the US stock and values ​​commission. UU.

    According to a Blog From the SUI Foundation, the SEC has recognized the presentation, which indicated that it was a “first critical step” in the approval of the ETF. The presentation of the ETF SUI of March 17 is the most recent of Canary Capital.

    Some cryptocurrency ETFs that have already presented to the SEC include hedera, litecoin and XRP. The new presentation follows a regulatory change within the agency after the re -election of the US President.

    Donald Trump last November. Since then, several organizations have presented the S-1 and 19B-4 forms to the SEC to track and list Cryptocurrencies.

    Join Wlfi

    The Sui Foundation said: «The impulse of the Sui ecosystem is due directly to its technological advantage, which has recently attracted a wave of developers and institutional products, exceeding 70 billion dollars in decentralized exchange volume (DEX) and accumulating more than 67 million accounts.

    Canary Capital application for an ETF is the last confirmation of this trajectory, since institutions continue to recognize the advantages of sui technology ». The news of the Canary Capital application for an ETF of Sui is also significant, since the World Liberty Financial (WLFI) platform, backed by Trump, advertisement Last week you would add Sui assets to your Tokens reserve.

    Evan Cheng, co -founder and Executive Director of Mysten Labs, the company that originally contributed to Sui, said:

    “We believe that the combination of sui technology and Wlfi’s ambitions could help redefine the way the world stores and uses assets.”

    The decision to create a SUI ETF occurs after the cryptocurrency fund manager will present a fiduciary entity In the state of Delaware on March 6. The next step for Canary Capital is to present a 19B-4 form before the SEC.

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    The SEC withdraws its case against Metamk, says consensys

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    • Consensys has announced that the SEC will withdraw its case against Metamask.
    • The regulator sued the company for the wallet’s staking function, claiming violations of values.
    • The SEC has abandoned the investigations or cases against Coinbase, Gemini, Robinhood and Uniswap.

    The United States Stock Exchange and Securities Commission has agreed to leave its case against Metamask, said consensys founder Joseph Lubin.

    In an ad Posted in x Ethereum’s co -founder said the regulator and Consensys had agreed to end the legal dispute that the SEC began by demanding the wallet supplier.

    “I am pleased to announce that consensys and the SEC have agreed in principle that the case of execution of values ​​related to MetamSk must be dismissed. Subject to the approval of the Commission, the SEC will present a stipulation before the court that effectively closes the case, ”he said.

    The SEC sued consensys in June 2023, claiming that the company’s staffing service through Metamask violated the United States Securities Laws.

    The SEC withdraws numerous demands and research on cryptocurrencies

    Consensys filed a lawsuit against the regulator in April, and the company’s legal team alleged overreach when, as reported, the SEC initiated an investigation against Ethereum and for its research on Metamk.

    According to consensys, the SEC was wrong to claim that Ethereum (ETH) was a value. The last movement of the SD adds to a series of events that have seen it end the investigations or abandon several cases.

    It includes legal disputes against Coinbase and Gemini, and investigations against Uniswap, Robinhood and Opensa. The SEC is taking this direction as the new leadership after Gary Gensler adopts a pro-written position and pro-initiation.

    “We appreciate the new leadership of the SEC and the pro-innovation and pro-investor path they are taking. We will remain deeply committed to those responsible for public and private policies in the future. Cryptocurrencies want the United States to address the best interests of consumers and companies equally, and we are already on the way to achieve it, ”added Lubin.

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    The SEC abandons research on Robinhood Crypto

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    • Robinhood says that the SEC has ended the regulator of the Robinhood Crypto regulator.
    • The SEC issued a Wells notice to Robinhood Crypto in May 2024.
    • The closure of Robinhood Crypto’s investigation by the SEC occurs days after the agency closed a similar investigation against Opensa.

    The United States Stock Exchange and Securities Commission (SEC) has abandoned its research on Robinhood digital assets division. Robinhood announced through A blog post On Monday, February 24, the SEC has closed its investigation of compliance actions against the company.

    “We applaud the decision of the staff to close this investigation without any action,” said Dan Gallagher, legal director of Robinhood Markets.

    The DEC decision of ending his research on Robinhood occurs just a few days after another platform, Opensa, said the regulator was ending his investigation.

    Both Robinhood and Opensa received ‘Wells notices from the SEC in 2024. Last week, the Coinbase cryptocurrency exchange platform also announced that the regulator had agreed to dismiss the demand he had filed against the company based in the United States in 2023.

    The SEC closes Robinhood research

    In Monday’s blog publication, Robinhood said he received a communication from the SEC’s compliance division on Friday, February 21.

    The letter detailed the agency’s decision to end the investigation of Robinhood Crypto, without more measures. The Wells notice of the SEC alleged possible violations of the securities laws by the commercial platform. However, Robinhood said he had not violated any values ​​of values ​​and that he did not offer values ​​to users.

    “This research should never have opened,” Gallagher added.

    “Robinhood Crypto has always respected and will always respect federal values ​​of values ​​and never allowed values ​​transactions. As we explained to the SEC, any case against Robinhood Crypto would have failed. We appreciate the formal closure of this investigation and we are happy to see a return to the rule of law and commitment to equity in the SEC ”.

    The SEC has adopted a more cryptographic pro-innovation position since the departure of former President Gary Gensler. The appointment by President Donald Trump of pro-writing people in positions in the agency has helped this change, including the establishment of a working group on cryptocurrencies by the acting president Mark Uyeda.

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    Coinbase achieves an important victory while the SEC prepares to withdraw demand

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    • Coinbase says that the SEC agreed to dismiss its demand against the exchange of cryptocurrencies based in the US.
    • The SEC demanded Coinbase in 2023, but with the departure of Gary Gensler, the regulator is looking for a better regulatory approach.

    The American cryptocurrency exchange platform Coinbase is ready for a historical event after the Bag and Securities Commission (SEC) allegedly agreed to dismiss its own demand against the platform.

    Coinbase announced the great news in a Blog post Friday, February 21. The executive director of Coinbase, Brian Armstrong, also shared the event in a interview With CNBC Squawk Box.

    “The SEC staff agreed in principle to dismiss their case of illegal execution against Coinbase, subject to the commissioner’s approval, correcting an important error,” wrote the legal director of Coinbase, Paul Grewal.

    The executive director of Coinbase, Brian Armstrong, also shared the news through X.

    The sec and coinbase are updated

    According to the Exchange, the regulator’s decision to withdraw the case is produced after an agreement that does not imply any economic sanction against Coinbase.

    The next step is that the SEC commissioners ratify the agreement and end an important legal obstacle that made the US cryptocurrencies backward. UU.

    “While dismissal will be a great victory for the rule of law, and a clear claim of our position, especially will be a victory for the entire industry and the 52 million Americans who have had a digital asset,” Grewal added.

    The SEC filed its lawsuit against Coinbase in 2023, accusing the Exchange of operating an unregistered bag of values. Demand also included accusations of offering unregistered values. Coinbase challenged the charges and requested a dismissal, and the industry actors criticized the then president of the SEC, Gary Gensler, to overreach in the midst of a regulation approach per application.

    It should be noted that the SEC had also sued Binance, the world’s largest cryptocurrency exchange by volume of operations. Another exchange that is in the sights of the “dishonest” agency is Kraken.

    However, things in the stock control agency have taken a favorable turn to cryptocurrencies since the choice of Donald Trump and the departure of Gensler and other commissioners.

    The interim president Mark Uyeda has formed a working group on cryptocurrencies and has renamed a compliance unit amid the search to balance compliance and the need to protect investors.

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