The cryptocurrency industry has rallied behind Coinbase as the popular exchange faces a legal showdown with the U.S. Securities and Exchange Commission (SEC). The SEC recently issued a Wells notice to Coinbase, indicating its intent to sue the company over its lending product, Coinbase Lend. This move has sparked concerns within the crypto community about the regulatory uncertainty surrounding digital assets.
Various U.S. crypto firms and industry stakeholders, including the Crypto Council for Innovation, have voiced their support for Coinbase in its legal battle against the SEC. These organizations are standing behind Coinbase in defense of its lending product, emphasizing the need for clear and consistent regulations in the cryptocurrency space. They argue that regulatory clarity is essential for fostering innovation and growth within the industry.
Standard Chartered, Animoca Brands Join Hong Kong's Stablecoin Sandbox
The Hong Kong Monetary Authority (HKMA) has announced participants, including Standard Chartered and Animoca Brands, for its stablecoin issuer sandbox
BlockFi To Begin Temporary Crypto Distributions On Coinbase In July
Bankrupt crypto lender BlockFi will begin its first temporary distribution of crypto assets through Coinbase in July, but non-U.S. clients are current
Mt. Gox Creditors Face Multiple Brute-Force Login Attempts
Mt. Gox creditors are reporting numerous unauthorized login attempts on their accounts, with the claims website currently down for maintenance.
Polygon (MATIC) Set For Major Upgrade And Migration To POL Token On September 4
Polygon (MATIC) is undergoing significant upgrades, including a token transition to POL by September 2024, as part of its 2.0 roadmap to enhance its Z
Indian Crypto Exchange WazirX Hit By $230M Hack
WazirX, a major Indian crypto exchange, suffered a security breach where over $230 million in crypto assets were unauthorizedly transferred from its m